6 Game Parlay Payout

  
Parlay

Bet #6: Moneyline @ -195 Bet #7: Moneyline @ -143 Bet #8: Moneyline @ -455 Bet #9: Over 231 points @ -112 Bet #10: Spread @ -112 Overall odds: +85379. Here is an example of how outsized both the odds and payouts for a parlay can get. Here we have a collection of 10 wagers that are all going off at odds shorter than 2 to 1. .These payouts are based on -110 lines. On any parlay, pushes combined with wins will result in the bet being reduced to the next lowest number of teams. Example: If you have a 6-team parlay with 5 wins and 1 tie, this becomes a 5-team parlay and the payout will be adjusted accordingly.

Before we go any further, we need to explain what a parlay is fully.

By definition, a parlay is a group of multiple individual bets (two or more) that are connected together and treated as one big wager.

How Much Does A 6 Game Parlay Pay

In order to win the entire bet, you have to win each of the individual bets on your parlay. If you lose one individual bet, then you lose the entire parlay bet.

Why would you ever want to group bets together and force them to be dependent on each other?

The reason is that the sportsbook will pay you out much more money for correctly picking multiple individual bets together.There is more risk in this type of bet so it should be expected that we are offered a higher reward for making this wager.

Let’s compare betting three games individually versus betting them as a parlay.

Let’s assume that each game is -110 moneyline odds.

Parlay

Let’s also assume that our bankroll for these three games is $300. We’re going to look at the scenarios if we picked all three games correctly and if we only picked two of the games correctly.

If we bet the games individually, we would bet $100 per game.

GameBet AmountOddsOutcomeProfit/Loss
Game 1$100-110Win$90.91
Game 2$100-110Win$90.91
Game 3$100-110Win$90.91
Our total profit would be $272.73 if we bet all three of these games individually.

Now, what would happen if we picked all three games as a parlay bet? This time, we would place a single bet of $300. We will go over how to calculate parlay payouts in the section below here, but for now, we have done the calculations for you.

The profit on this bet as a parlay would be $1787.40! Even if we only bet $100 total, we would see a profit of $595.80. As you can see, you can bet 1/3 of the amount you bet total in the individual games and still make more than double what you would betting the games individually.

At this point, a lot of people are wondering why you would ever bet anything but parlays. You can bet less and make so much more! Well, as you are probably guessing, there is more to the story.

Let’s look at what happens in our same example, except this time we only pick two out of the three games correctly. We bet the same games again for $100 each individually, and we are correct on two out of the three games.

GameBet AmountOddsOutcomeProfit/Loss
Game 1$100-110Win$90.91
Game 2$100-110Win$90.91
Game 3$100-110Loss($100.00)

What Does A 6 Way Parlay Pay

If we bet all three of the games as a parlay for $300 (or $100), our profit is negative $300 or negative $100. If you get even one game wrong in a parlay, you lose the entire bet. You’ve now seen the downside to parlays.

6 game parlay payout
You have to be perfect to cash in, or you lose.

Even if you only get one game correct betting them individually, you’re only going to lose $109. If you bet the same $300 on a parlay, though, you lose the entire $300. The risk is higher for parlays, but the associated reward is also higher.

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

6 Game Parlay Payout

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).