What is a Parlay?

A parlay, also known as a combo bet, is a selection of 2-16 bets combined to make a single wager. The more you risk, the better the payoff; the more bets you add, the more your potential payout increases. Winning the parlay requires all of your individual bets to win. Even one losing bet can deem the entire parlay a loss. For more infomraiton, check out NFL parlay betting. Let's look at an example from the NBA:

You'd like the Pelicans (-4.5) to win by more than 5 points. At the same time, you think the Grizzlies will win straight up and the Jazz (+9) can cover the spread. Instead of placing three single bets, you plcae a three-team aprlay. You’ll win if you’re right about each game; however, if any team fails to meet expectations, your parlay will result in a loss.

Watch our video tutorial to correctly place a parlay on the betslip or simply follow the step-by-step instructions below.

Placing a Parlay Bet

1. Log in to your Bodog account and click 'SPORTS' at the top of your screen.

2. Select your sport from the panel. On Mobile, find them at the bottom of your screen. On Desktop devices, the panel is at the top. If you don't see your sport, click ‘All Sports’ to show more.

3. Select your desired lines by clicking the appropriate boxes (up to a maximum of 16). Your selections will be added to the Bet Slip. On Mobile, the Bet slip is access from the bottom of your screen. On Desktop devices, it's located to the right of the betting lines.

Some lines may display icons indicating parlay restrictions. For more information, click here.

4. There are two tabs at the top of the Bet Slip, Singles - to place one single or multiple single bets and Multiples - where you find options to combine your selections into a Parlay, Teaser or Round Robin bet.

Combined odds for your Parlay will be displayed above your selections:

5. Enter a Risk amount in the Parlay field. Your win amount is automatically calculated for you.

6. Review the details of your picks carefully as once you click 'Place Bets', the parlay can't be changed.

7. Your final bet details will then be displayed along with your wager reference number. Click 'Continue Betting' to clear the slip and continue placing wagers.

Parlay Payouts

All parlay payouts are calculated based on 'true odds' which depends on how many teams are selected and the odds on those teams winning. If each pick of your parlay is a standard line (i.e., -110, where you must wager $110 to win $100), then the chart below provides an approximate estimate of your winnings:

Parlay Size	Payouts
2-Team	2.645/1
3-Team	5.958/1
4-Team	12.28/1
5-Team	24.36/1
6-Team	47.41/1
7-Team	91.42/1
8-Team	175.4/1
9-Team	335.9/1
10-Team	642.1/1
11-Team	1227/1
12-Team	2343/1
13-Team	4447/1
14-Team	8451/1
15-Team	16307/1
16-Team	31132/1
IMPORTANT: Actual payout may be slightly more or less due to rounding.

To calculate your winnings, simply multiply the odds by your risk amount. As an example:

Let's suppose you bet $10 on a two-team parlay where the odds of both picks are -110. You stand to win $26.45 ($10 x 2.645/1). Your total payout would be $36.45 (the $26.45 you won plus the $10 you wagered.

For parlays involving moneylines or picks at off-standard prices (i.e., -105 or -115 etc.), you need to first find the multiplier for each pick in the parlay and then multiply your bet amount by the product of the multipliers. As an example:

Suppose you bet $10 on a two-team parlay where the odds of the two picks are -140 and +120:

Moneyline	Multiplier
-140	1.71
+120	2.20

Your total payout, which is your winnings plus your original wager is calculated as follows: 10 x 1.71 x 2.20 = $37.62.

The maximum wager payout for the Bodog Sportsbook is $500,000. No wager payout will exceed this amount under any circumstances.

Parlay Rules

1. You can select a minimum of two lines up to a maximum of sixteen for a parlay.

2. A push reduces the number of selections in the parlay. As an example:

A four-team parlay with two ties reduces to a two-team parlay. The payout is re-calculated based on the reduced number of teams.
A two-team parlay with one push reduces to a straight bet.
If a parlay reduces to zero teams, the bet will be graded "Push" and your risk amount will be refunded.

3. If any leg of your parlay has been graded "NO ACTION", the parlay will reduce to the next number of teams in the wager. As an example:

A three-team parlay with one leg graded ‘No Action’ will reduce to a two-team parlay.
A two-team parlay with one leg graded ‘No Action’ will become a single wager on the remaining team. The payout is re-calculated based on the reduced number of teams.

4. With the exception of a 'Push' or 'NO ACTION' result, all wagers must win for the parlay to be considered a win. If one wager loses, the entire parlay loses. There are no partial payouts.

5. You cannot include baseball five inning lines (5inn.) within the same game in parlays

6. You cannot include same-game props.

7. You cannot combine point spreads and/or moneylines for the same team from the same game, even if the lines are from different segments of the game.

8. You cannot combine 1H/2H and full game lines of the same line segment for the same event as those lines are correlated. Nevertheless, you can combine point spreads and/or moneylines for the full game with 1H totals of the same event and vice versa.

9. You cannot include both sides of the same bet type (point spread, moneyline, or total) from the same segment of the game.

10. You cannot combine alternate lines with any other market type within the same game.

Some lines may display icons indicating parlay restrictions. For more information, click here.