Parlay Rules - Rules For Betting On Parlays
ParlayRules.com, an information portal on parlay betting, welcomes anybody and everybody interested in parlay betting, even those who just want to understand the basics of it. We are a team of betting experts aiming to provide the best parlay betting advice to beginners as well as seasoned bettors interested in making profits out of parlay bets. Visitors will find that Parlayrules.com to be a storehouse of invaluable parlay information, including parlay rules, betting strategies, and reviews of online sportsbooks offering parlay bets.
Our goal is to create a one-stop shop for bettors interested in parlays, and accordingly, this website has everything that bettors need to know about parlay betting, right from the basics to the advanced parlay betting strategies. We not only teach bettors how to make money from placing parlay bets, but also provide a list of reputed online sportsbooks offering the best parlay betting opportunities.
A parlay is a popular variety of sports bet offered at online sportsbooks, giving bettors the opportunity to win big money from one small bet. A parlay can be defined as a combination of several straight bets rolled into one; however, players are required to win all the bets in a parlay in order to get a payout. If they lose even one of the bets in the parlay, they will lose the entire parlay bet.
The payouts that can be won depend hugely on the type of parlay placed. In case of parlay bets involving point spreads, the payouts are fixed; but in case of parlay bets involving money lines, the payouts are calculated on the basis of individual team odds.
As previously mentioned, online sportsbooks offer different types of parlays. While some of them require players to place pre-existing parlay bets, some offer parlays with fixed odds, and a few offer parlays comprising bets on several types of sports.
Pre-existing Parlays: Some online sports betting sites offer a list of around five to eight sports events and bettors are required to choose from this list. In case of such parlays, bettors cannot select their own games at random and the payouts are usually fixed.
True Parlays: Casinos offering true parlays allow bettors to choose from a wide range of sports events. Bettors can place a parlay bet comprising bets placed on any sport, such as tennis, football, golf, soccer, and others. What’s more, the parlay bet can combine money lines as well as point spreads. The online sportsbook will simply not hinder bettors from putting together their own parlay, based on their knowledge and instinct.
Fixed Odds Parlay: Most online sportsbooks offer this type of parlay, modified slightly in different ways. Online sportsbooks challenge bettors to create their own parlays from an existing list of matches, which are scheduled to take place on the same day, or events that are scheduled to form part of a tournament. Bettors are free to place parlays comprising a minimum of two to a maximum of 10 bets on these events. Each sports event is associated with point spreads, and some sportsbooks even permit bettors to purchase or sell points to maximize their chances of winning.
Betting experts usually advice novices to avoid parlay bets and stick to straight bets. Correctly predicting the outcomes of one match is difficult enough, and predicting the outcomes of several matches simultaneously is a bit too risky. At the same time, it is worth noting that bettors who do their research well and know exactly what they are doing can make a fortune out of parlay bets. Beginners are advised to thoroughly understand various strategies related to parlay bets before attempting to try them out.
Parlay odds vary from one online sportsbook to the other; but sportsbooks usually pay around 2.5 - 1 for two-team parlays and around 6 – 1 for a three-team parlays.
There are two varieties of parlay odds—computed and fixed. Fixed odds, as the name suggests, are fixed by online sportsbooks depending on the number of games permitted in the parlay bet. Parlay payouts can be easily calculated by multiplying the bet amount with the odds.
Fortunately for adventurous bettors eager to make parlay bets online, there is no dearth of top-rated online sportsbooks offering parlay betting options. We advise bettors to register at multiple online sportsbooks in order to get the best deals. We have presented a list of excellent, secure, licensed, and regulated online sportsbooks that offer the best odds, great customer service, and exciting bonuses and promotions.
Betting on sports online is easy, comfortable, and fun at Bovada.lv because it offers sports betting services such as in-play betting, live betting, and mobile betting in a secure environment. This licensed and regulated US friendly online sports betting site offers the best odds on a wide range of sports events, such as NHL hockey, college football, NBA basketball, and others. The operator of Bovada.lv is Meadway Leisure Limited, which has been granted a sports betting license by the Kahnawake Gaming Commission, based in Canada.
Bovada's Parlay Rules:
- In case of a push or a tie on a 3-team parlay, players will get the next lowest payout
- The payout for a winning two-team parlay is 9 – 10
- True odds are available for all parlays
BetOnline not only offers the best odds on all favorite American sports such as golf, tennis, football, and others, but also a slew of bonuses. To begin with players will get a lifetime bonus of 25 percent up to $900 whenever they make a qualifying deposit. BetOnline is ideal for MLB bets because the online sportsbook offers overnight lines which will allow parlay bettors to get their research done + bets placed earlier.
BetOnline's Parlay Rules:
- The online sportsbooks pays as much as $150k for all parlay bets
- Players can win a maximum of $150k per 24-hour period
- Players cannot bet on both sides of one game while choosing a parlay
SportsBetting.ag welcomes new players with a free play bonus of 50 percent up to $2,500, and bettors only have to sign up or reload their accounts in order to claim it. Besides offering a wide range of betting markets such as football, golf, soccer, baseball, basketball, and others, SportsBetting offers a free bet worth $25 to players who wish to try out its live betting facilities. Bettors can also claim a free play bonus worth $50 for mobile betting.
SportsBetting's Parlay Rules:
- Players can win a maximum of $150k on their parlay bets per 24-hour period
- The sportsbook will cancel the winnings of parlay bets including bets placed on both sides of one game
- Players cannot include auto racing, boxing, proposition bets, futures, and MMA in a parlay
Launched in 1994, Wagerweb operates on a license issued in Costa Rica. A leader in the online sports betting industry, Wagerweb is known for its excellent customer service, quick payouts, and efficient management system. The betting lines and odds available at Wagerweb are as good as those offered at any sportsbook based in Las Vegas. Sports betting services are available in two languages—Spanish and English. Besides, the online sportsbook offers generous bonuses and runs irresistible promotions.
WagerWeb's Parlay Rules:
- Parlays in which one or more bets co-relate are not accepted
- Nevada gambling rules apply to any bet, including parlays
- To place a parlay bet, players should be more than 21years old
5Dimes Sportsbook, a brand belonging to the 5Dimes Group, offers the best online sports betting facilities in a safe and secure environment. Players will find almost every type of bet, including pleasers, teasers, if bets, and parlays, at 5Dimes along with the best odds on almost every variety of sport under the sun, ranging from golf to auto racing. Licensed in Costa Rica, the 5Dimes Group launched its first product, an online casino, in Nov 1996.
5Dimes' Parlay Rules:
- Players can win a maximum of $250k on a parlay, if bet, or teaser per 24-hour period
- 5Dimes reserves the right to render invalid any parlay that includes a line error
- 5Dimes offers live in-play lines for parlays
| Parlay Betting Sites | USA Welcome? | Parlay Limits: | Visit |
|---|---|---|---|
| Bovada Sportsbook | Yes, Only 47 States | 12 Team Parlay - $100,000 Max Payout On Single Wager | VISIT |
| Bet365 Sportsbook | No U.S.A. Players Allowed | 14 Team Parlay - 100,000 Max USD Or Currency Equivalent | VISIT |
| BetOnline Sportsbook | Yes, All 50 U.S. States | 12 Team Parlay - $150,000 Max Payout On Single Parlay | VISIT |
| SportsBetting.ag | Yes, All 50 U.S. States | 12 Team Parlay - $150,000 Max Payout On Single Wager | VISIT |
| WagerWeb Sportsbook | Yes, All 50 U.S. States | 15 Team Parlay, Pays Up To 10,000 to 1 On One Parlay | VISIT |
| 5Dimes Sportsbook | Yes, All 50 U.S. States | Up To 25 Team Parlay - $500,000 Max Payout Per Parlay | VISIT |
Online sportsbooks offer several betting options that are similar to parlays although they are not exactly parlays. Teasers and pleasers are interesting bet types that challenge bettors to select two or more games to bet on; however, their payouts are lesser than parlay payouts simply because adjustments can be made to the point spreads in bettors’ favor. In case of pleasers, players can give away as many as six points to better their odds.
Another variety of parlay sports bet is the progressive parlay, in which bettors can select as many as 12 games. Although payouts are not as generous as parlay payouts, players will be paid even if they lose some of the bets in their progressive parlay.