PARLAY BETS
Parlay bets are probably the most popular wager for the weekend football handicapper.
A parlay offers a way to combine a number of individual wagers. Usually these bets consist of side and total plays. However, there are a few sports books that will allow you to combine proposition bets to form your parlay.
The parlay bet cashes only if every one of the individual wagers win. If any single wager loses, the entire parlay bet is lost. If any single wager is a push, the parlay bet is still good, it just reverts down to the next level. So, for example, a four team parlay bet would become a three team parlay (and the payoff would be reduced accordingly).
The main reason for the popularity of parlay betting is the higher return on dollars bet. Although, the reward is greater than straight sides or totals betting, it is a risky bet since all individual selections in the parlay must win. We recommended using only a small portion of your betting bankroll each week on parlay betting. That being said, let's take a look at the standard payout odds for football parlays.
| Wager | # of Teams | Odds | Win Amount |
| $100 | 2 | 2.6-1 | $260 |
| $100 | 3 | 6-1 | $600 |
| $100 | 4 | 11-1 | $1000 |
| $100 | 5 | 20-1 | $260 |
| $100 | 6 | 40-1 | $260 |
| $100 | 7 | 75-1 | $260 |
| $100 | 8 | 150-1 | $260 |
| $100 | 9 | 300-1 | $260 |
| $100 | 10 | 100-1 | $260 |
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