1. Sportsbook Parlay Odds
2. Fanduel Parlay
3. Fanduel Sportsbook Parlay Rules Poker
4. New Jersey Fanduel Sportsbook

The risk/reward ratio of parlays has long made them an enticing proposition for bettors. Naturally, adding more “legs” to a parlay wager boosts both the difficulty and potential payout. Needless to say, the more outcomes in play, the less tolerable these bets are for the faint of heart.

The flip side — the part that makes parlays the darling of many bettors — is how sweet it is when these long-shot wagers do hit.

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A New Jersey bettor at FanDuel Sportsbook at New Meadowlands Racetrack experienced that side of the equation Friday night. His MLB/NBA six-team parlay came through, turning his $4,999 wager into a $525,867.50 payout:

No shortage of sweat during six-game gauntlet

One way to at least slightly bump up the odds of parlay success — theoretically — involves going heavy on moneyline (ML) bets. Statistically, there’s typically a higher degree of success in predicting an outright winner than a margin of victory.

However, baseball can certainly be a difficult sport to prognosticate night to night, especially in the early going this season, it seems. So, a six-teamer that relies on correctly pegging four MLB winners still carries a hefty amount of uncertainty.

Predictably, Friday’s winner had to survive a handful of close calls, which all came about an hour apart. The final one of the night involved the sole NBA leg of the wager, one where the better took advantage of a somewhat surprising moneyline:

Yankees-Rays (End time: 10:15 pm Eastern)

One of two MLB underdog calls that went right. Rays starter Tyler Glasnow — the primary reason for the Rays’ status as favorites — had given up two runs to the Yankees through five innings. However, Tampa had just overcome that deficit with a three-run surge just before the right-hander took the hill to start the sixth. Glasnow began to succumb to forearm tightness at that point. He was subsequently pulled after allowing two of the first three hitters of the inning to reach.

Reliever Emilio Pagan would go on to allow New York to regain the lead by yielding two runs after entering the game. Then, the bettor would have to sweat out four more chances for the Rays before the Yanks’ 4-3 lead held up for a win. That included a no-out, bases-loaded situation in the bottom of the seventh that reliever Adam Ottavino wiggled his way out of by retiring the dangerous duo of Tommy Pham (strikeout) and Ji-Man Choi (inning-ending double play).

Pirates-Cardinals (End time: 11:09 pm Eastern)

Meanwhile, over in St. Louis, the Pirates and Cardinals were locked in a somewhat unlikely pitcher’s duel. The better had taken an underdog Pittsburgh squad to win outright with the Cards sending the inconsistent and aging Adam Wainwright to the mound. The wily veteran was seemingly operating in a time warp, however, as he’d held the Pirates scoreless through seven innings after allowing a leadoff homer to Adam Frazier.

Meanwhile, although Pittsburgh’s Trevor Williams was just as sharp, St. Louis had finally broken through in the home half of the seventh with a Paul DeJong infield single that knotted the game at 1-1. The sweat wouldn’t last too long, however. Starling Marte put the Pirates right back on top in the visitors’ half of the eighth with an RBI single. Reliever Kyle Krick made it interesting in the home half of the frame by putting two on before whiffing Dexter Fowler and inducing an inning-ending double play from Kolten Wong.

Warriors-Rockets (Approx. end time: 11:55 pm Eastern)

This one may arguably have been the most gut-wrenching of the three while it unfolded. Despite checking in as sizable moneyline favorites, the desperate Rockets hadn’t been able to separate from a short-handed Warriors squad dealing with the absence of Kevin Durant. Then, after snapping a 95-95 tie with 6:43 remaining on a James Harden 10-footer, the Rockets failed to score during the following 3:56. The Warriors built a five-point lead during that span.

Eventually, Chris Paul’s driving layup got Houston to within 104-102 with 1:45 remaining. That’s when the Splash Bros. came through for the lucky New Jersey bettor. Stephen Curry (11 points) and Klay Thompson (three points) would go on to score Golden State’s final 14 points to vault the Dubs into the conference finals and the bettor into a six-figure payday.

ALSO READ: FanDuel Sportsbook Bettor Turns $20 Into $178K With 15-Leg Parlay

Lead image courtesy of FanDuel Sportsbook Meadowlands

A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games.

The allure of these bets has always been a larger payout than choosing a single team to win. But there’s more gamble to these types of wagers because every “leg” of the parlay needs to not lose in order to win. If one leg loses, the whole parlay loses.

The flexibility of a parlay bet also makes it attractive to gamblers. You can combine multiple sports into your parlay bet; for example, you can include the Cowboys from the NFL, the Celtics from the NBA and the Coyotes from the NHL into a single bet. If they all win, you win.

Test out the parlay calculator above and compare odds at different sportsbooks to see how it works!

Placing a parlay bet

There are two ways to place a parlay bet and both are quite simple. Bettors can either tell the ticket writer directly which teams and totals they’d like to bet on and how much they’d like to risk on the bet. Filling out a parlay card is the other option for placing this kind of bet. Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet.

Some mobile sports wagering apps offer both types of parlay bets.

Get the best parlay deal at online sportsbooks with Parlay Insurance here:

Winning a parlay

There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong.

Parlay odds

Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.

Parlay payouts

Sportsbook Parlay Odds

Payouts for a parlay are fixed by the time the bet is placed. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor.

If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets.

Fanduel Parlay

Types of parlays

A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.

Round Robin

A Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.

The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. They will then choose how many teams or totals they’d like to tie together for the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.

The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.

The ticket will cost the amount chosen for each parlay. If the bettor only has $300 they might choose to Round Robin the teams by two, so they have 28 different parlays for $10 each. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually.

Teaser

Fanduel Sportsbook Parlay Rules Poker

A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.

Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points. Those legs of the teaser may go in different directions.

• For example, the New England Patriots -7 can be teased down six points to -1. Meanwhile, the Cleveland Browns can be teased up six points from +4 to +10 points.

Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet.

Parlay Cards

The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet. Once the teams and totals are chosen the bettor simply presents the filled in portion on the card to the ticket writer in the sportsbook along with how much they’d like to wager.

New Jersey Fanduel Sportsbook

Parlay Cards are especially popular during football season. There are many different types of Parlay Cards including a variety of teasers, ties win and reverse teaser cards known as pleasers. These are more popular every year so the mobile sports wagering apps have started to add Parlay Cards for mobile bettors.