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MEMBER BENEFITS
CLIENT SUPPORT
EXTRA FEATURES
The Parlay Bet
A parlay (otherwise known as an accumulator) is the selection of 2 or more teams (up to 12 for mainstream US sports) in no particular order in a single wager. All selections must win for the parlay to win; one loss and the entire parlay loses. If there is a tie or no action, the parlay reverts to the next lowest number for pay-off, for example: if you select 4 teams and one of those ties, it becomes a 3 team parlay. A tie and win on 2 team parlay pays out as a straight bet.
The benefit of the parlay is that it gives a much higher payoff than if you were to place each bet separately since the difficulty of winning all your selections is much greater.
Parlay Payouts
The odds quoted in the payout table below only holds true if all selections in the parlay are at the same price: -110 for the Regular Daily Parlay Odds and -105 for the Special Friday Odds on point spreads. Variations in these prices will cause variations in the payout.
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Regular Daily Odds
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Friday Special Odds
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[-110]
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[-105]
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2 Teams
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13 to 5
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2.8 to 1
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3 Teams
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6 to 1
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6.4 to 1
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4 Teams
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10 to 1
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13.5 to 1
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5 Teams
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25 to 1
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27 to 1
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6 Teams
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40 to 1
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54 to 1
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7 Teams
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75 to 1
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107 to 1
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8 Teams
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150 to 1
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210 to 1
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9 Teams
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300 to 1
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411 to 1
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10 Teams
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700 to 1
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804 to 1
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11 Teams
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1,100 to 1
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1,570 to 1
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12 Teams
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1,800 to 1
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3,066 to 1
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True Parlay Odds for Baseball and European Lines
The odds on a money-line parlay (or accumulator) are calculated by multiplying the prices of the selections together, but remembering to include the stake amount. Let’s assume you place a $10 parlay on 2 selections, with odds of -180 and +250. The calculation to work out your return is as follows:
First of all, you must convert the odds into decimal format.
With ‘favorite’ prices (denoted by a – (minus) sign):
100/180 = 0.556 and add 1 (to include the stake) = 1.556
With ‘underdog’ prices (denoted by a + (plus) sign):
250/100 = 2.5 and add 1 (to include the stake) = 3.5
To find your total potential return, multiply these odds together and with the stake: 1.556 x 3.5 x $10 = $54.46
Conditions
No parlay wagers can be accepted where individual wagers are ‘connected’, ‘dependent’ or ‘correlated’. Using a baseball game as an example, let’s say you want to take the Boston Red Sox to win on the money-line and the Boston Red Sox on the run-line. If the Boston Red Sox win the game, it is also likely that they will win by at least two runs therefore the selections are said to be ‘correlated’ and cannot be parlayed together. For the same reason, we do not allow the favorite/underdog on the run-line and the over/under of the same game to be placed in the same parlay.
In the same way, you cannot parlay the line for the first half of a football game with the line for the whole game or the total for the first half of a football game with the total for the whole game, as the two are ‘dependent’. Less obviously, but nonetheless correlated, are the favorite/underdog on the spread and the over/under of the same game placed together in a parlay or teaser bet when the spread is greater than or equal to 30% of the total.
The Teaser and Parlay Card
The Football or Basketball Teaser and Parlay Card offers you the opportunity to place teasers and parlays on a combination of College and Professional games. It does not give the option of buying points on spreads or totals and the maximum bet amount is $500.
Check out our Progressive Parlays.
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