Parlay bets are very popular in sports gambling, and NFL
football is one of the most popular sports for parlay betting.
In this article, we will discuss parlay bets and illustrate
an example of an NFL football parlay bet.
A parlay offers a way to link together a number of individual
wagers. The parlay bet wins if every one of the individual
wagers win. If any single wager loses, the entire parlay bet
is lost. If any single wager is a push, the parlay bet is
still good, it just reverts down to the next level. So, for
example, a four team parlay bet would become a three team
parlay (and the payoff would be reduced accordingly).
People bet parlays to get higher payouts. Since each individual
wager must win, it is a more difficult bet and the payouts
are higher than if you had simply kept the individual wagers
as separate bets.
Let's look at an example of an NFL football parlay bet.
want to make a 3 team NFL football parlay bet for $100 with
the following game picks: San Francisco -7, Miami +3, NY Giants
A three team parlay would typically pay 6 to 1. So, if all
your picks are correct, you would win $600. If even one pick
is incorrect, you lose the entire parlay bet.
Some typical parlay payouts are listed below. Be aware that
different sportsbooks do offer different parlay payouts.
Now, a caution on parlay bets. They are a lot of fun, but
they are usually not your best bet. The house tends to have
a little more juice for itself built into the payouts, particularly
at the higher multiple parlay bets. From a professional betting
standpoint, you are better off making straight wagers. But,
again, they are a lot of fun and one of the more popular football
wagers. Just don't make them your primary wagers.