Sports betting fans have come to love parlays as they are rather enticing. Parlays create the potential for a large payout from a smaller wager by betting enthusiasts. In essence for bettor to win his or her parlay all of the teams involved must win. This form of bet can range from two teams to as many as 10 teams. However unlike teaser’s, parlays do not allow for patrons to move the point spread.

There are two types of parlays, point spread and money line. For the point spread, the payout is set at a fixed rate depending on the number of teams involved in your parlay. Here is how this looks

Point spread parlay payout:

Two teams = 13 to five

Three teams = six to one

Five teams = 25 to one

10 teams = 600 to one

Essentially, for every one dollar you bet on a 10 team wager you can get back $600. However, one should keep in mind that the more teams you include the greater the risk. Since you need all 10 teams to win, the payout is larger because of the rarity of all 10 teams helping you out.

Conversely, a moneyline payout is not set at a fixed rate and instead is dependent on each team in your parlay. Basically rather than giving each team a one in two chance of winning the game the same way a point spread parlay does, the moneyline takes your winnings from one game and recalculates it to the next team in your parlay. For instance you bet $50 on the moneyline for a parlay on one game and win $100. From there, the money you won is adjusted to wager on the next team and it continues until the parlay ticket finishes.