A parlay is a single wager that links together two or more individual wagers for a large payout. A 2 team parlay might pay 12/5 to 13/5, depending on the book. A three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single wager, most books allow 2 to 8 teams or totals to be selected, while some books allow you to parlay more.
For the parlay bet to be considered a winner, every one of the selections must win or push (tie). If any of the selections lose, your entire parlay wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
►Parlays with spreads and totals at standard -110 odds, use the Fixed Odds Table. Remember, all books offer different parlay odds, although odds in the Fixed Odds Table will be what the majority will offer.
►Parlays with spreads and totals with odds not at the standard -110 value, use the Calculator below the Fixed Odds Table.
| # of Teams | Las Vegas Payout | Winnings per 100 bet |
| 2 | 13 / 5 | 260 |
| 3 | 6 / 1 | 600 |
| 4 | 10 / 1 | 1,000 |
| 5 | 20 / 1 | 2,000 |
| 6 | 40 / 1 | 4,000 |
| 7 | 75 / 1 | 7,500 |
| 8 | 150 / 1 | 15,000 |