3 leg parlay example

In the first round of the FIFA World Cup, you think Chile, South Korea and the USA will win their games and you are willing to put 300 m฿ on them at these odds.

Selection Odds
Chile 1.74
South Korea 2.30
USA 3.10

Combined your bet would be at odds of

1.74 X 2.30 X 3.10 = 12.40

For a stake of 300 m฿, you are hoping for a return of

300 m฿ * 12.40 = 3720 m฿

To understand the payout better imagine they are 3 separate bets starting with 300 m฿. After each bet wins, the full payout is put on the next bet, like this

The first bet is on Chile, which wins so

300 m฿ * 1.74 = 522 m฿

This payout is put on the next bet in the parlay, South Korea. That wins so

522 m฿ * 2.30 = 1206 m฿

Now that is put into the remaining leg of the parlay on Team USA. That wins so

1206 m฿ * 3.10 = 3720 m฿

They all won so it doesn’t matter which order you look at them in. If you had made 3 separate bets each with a stake of 100 m฿ and they all won you would have only won 714 m฿ for the same total risk of 300 m฿. That is the appeal of the parlay.

Larger complex variations

A popular option is to combine 8 games into an 8 leg parlay. You could increase your chances for a return buy including all 5 leg combinations possible for your 8 selections so that you only need 5 out of 8 legs to win for you to see a profit. That would be 56 different five-fold parlays.

You won’t have to do this manually; the sportsbook will have various parlay options available at the click of a few buttons. If 5 out of 8 teams win the amount of your return will depend on what the odds were on those 5 teams.

You could take a goliath which is a parlay consisting of 247 bets involving 8 selections in different events. The parlay breakdown is 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and one 8-fold. If any 2 teams win you will see some return, though it may be less than your total stake.

Should you make parlays or single bets?

Sportsbooks love to encourage bettors to take parlays because they multiply the odds. The odds include the sportsbook’s overround, so multiplying the odds multiplies the overround, which is bad news for the bettors. In fact, unless you only include positive expected value bets, the more legs you have in a parlay the worse value you are getting.

Parlays are great fun but serious bettors looking to make long-term profits are better off betting on individual games with a customized staking plan. If you do want to make parlays consider including smaller combinations within the parlay. This means that one loss won’t derail the whole bet.

Betcoin and Nitrobetting are the best sportsbooks to make parlays at because they are so easy to set up and adjust in the bet slip. They are also top-shelf operators all round so if you want to try parlays you would do well to open an account with them.

18+ only. Gambling can be addictive, please play responsibly.
BC.Game Casino
Check Icon
Native tokens
Check Icon
Large selection of games
Check Icon
Top Gambling Site
Logo image for Bitcoin Logo image for Litecoin Logo image for Dogecoin Logo image for Ethereum Logo image for Monero
+9
Play Now BitEdge arrow toplist
Sportsbet.io
Check Icon
Easy site navigation
Check Icon
Large selection of bets & odds
Check Icon
Impressive range of bonuses
Logo image for Bitcoin Logo image for Ethereum Logo image for Tether Logo image for Litecoin Logo image for Ripple
+5
Play Now BitEdge arrow toplist
Coinplay
Check Icon
Instant withdrawal
Check Icon
High payout limits
Check Icon
Great offers & promotions
Logo image for Bitcoin Logo image for Litecoin Logo image for Dash Logo image for Dogecoin Logo image for Ethereum
+17
Play Now BitEdge arrow toplist
Image for N1 Bet star-rating 4.5/5
N1Bet Casino
Check Icon
Crypto sportsbook
Check Icon
Crypto Casino
Check Icon
Weekly promotions
Logo image for Bitcoin Logo image for Litecoin Logo image for Dogecoin Logo image for Ethereum Logo image for Bitcoin Cash
+1
Play Now BitEdge arrow toplist
Logo image for Bitsler star-rating 4.5/5
Bitsler Casino
Check Icon
Great Customer Support
Check Icon
Low fees
Logo image for Bitcoin Logo image for Litecoin Logo image for Dash Logo image for Dogecoin Logo image for Ethereum
+12
Play Now BitEdge arrow toplist
 photo

Will Wood

Verified icon for Will Wood

Author

I first started writing professionally in 2015 about different areas of the online gambling world, quickly becoming an expert in everything from video slots to playing perfect Blackjack. My whole world changed in 2016 when I discovered a Bitcoin faucet. As I discovered more about crypto, the crypto gambling world appealed to me due to combining two of my passions.

More by Will Wood Read more arrow
 photo

Reviewer

Will Wood

verified

Updated on 21/02/2024