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Parlay
A parlay, or combo bet, is a selection of two to twelve wagers that are linked together. Winning the bet is dependent on all of the wagers winning. If even one of the wagers loses, the entire parlay loses. Adding more wagers, or teams, to your parlay increases your potential payout - with more risk, there's also more reward. Suppose the New York Giants (-3) are playing the Philadelphia Eagles. At the same time, the New England Patriots (-8) are playing the Miami Dolphins. You've done your research and believe both the Giants and the Patriots will cover their respective spreads. Instead of placing two straight bets, you can place a parlay. If you're right about both of the games, you'll win. However, if one of the teams fails to cover, you'll lose. How to Place a Parlay
Parlay PayoutsFixed oddsIn fixed odds bets, the odds of all of the picks in the parlay must be standard (i.e., -110, where you must wager $110 to win $100). Additionally, all of the picks must be football or basketball point spreads and/or totals. The odds are set according to the following chart:
To calculate your winnings, multiply the odds by your bet amount. For example, suppose you bet $10 on a two-team parlay where the odds of both picks are -110. You stand to win $26 ($10 x 2.6/1). Your total payout would be $36 (the $26 you won plus the $10 you wagered). If one of the picks comes from a sport other than football or basketball, is a moneyline, or is an off-standard line (e.g., -115), then the parlay is subject to true odds instead of fixed odds. True oddsTo calculate a true odds payout, you need to find the multiplier for each pick in the parlay and then multiply your bet amount by the product of the multipliers. For example, suppose you bet $10 on a two-team parlay where the odds of the two picks are -140 and +120:
Your total payout, which is your winnings plus your original wager, is calculated as follows: 10 x 1.71 x 2.20 = $37.62. The maximum wager payout for the Bodog Sportsbook is $100,000. No wager payout will exceed this amount under any circumstances.
Parlay RulesThe following rules apply when you place a parlay:
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