You may be confused as to what that means. For years it was a battle cry amongst my roommates and me, particularly during football season, and when you got to yell it, chances were you were buying drinks that night. But what does it mean, and what’s a parlay?
A parlay bet is defined as individual bets which link two or more selections in a single bet. Each selection chosen in the parlay must win for the parlay ticket to be successful. If the first selection is a winning bet, the winnings and the stake are carried over on to the second selection. Parlay Rules. Any one loss constitutes a loss. In the case of a two team parlay, a push reverts the parlay to a straight bet with the remaining selection. In the case of a push in a higher level parlay, the play reverts to the next lower level. Each distinct parlay is limited to a $150,000.00 maximum payout. PROFESSIONAL AND COLLEGE FOOTBALL RULES THE MINIMUM WAGER IS $5.00 ON ANY PARLAY AND STRAIGHT BET AND $2.00 ON PHONE ACCOUNT WAGERS. OVER AND UNDER BETS “TOTALS” ARE THE COMBINED SCORES OF BOTH TEAMS IN A FOOTBALL CONTEST. MONEY WILL BE RETURNED IN CASE OF A PUSH.
Place a parlay now. You must choose a minimum of two lines, up to a maximum of 12 to place a parlay. A ‘Push’ reduces the number of selections in the parlay. For 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. In the event of a tie in one of your selections in a parlay, the parlay is reduced to the next lowest number of teams. For example, if you have a 4 team parlay and one of the selections is a tie (only on 2 way markets), the leg would be considered a 'push'.
What is a Parlay?
A parlay is a type of sports bet in which you combine multiple individual bets (typically 2-10 bets) into one bet or “card.” Combining the bets gives you worse odds to win, but a larger reward for winning. The larger the amount of wagers included in your parlay, the larger the payout.
In order for a parlay bet to win, you must win each individual bet on the card. For instance, let’s say I bet the Patriots, the Ravens and the Texans all to win their games on any given Sunday. If all three win, I will get a much larger payout than if I just bet each game individually. However, if any of those teams lose their bet, the entire card is lost.
Parlay Push Rules Against
The only exception is in the case of a “push,” which is the gambling term for a tie. If one of the games on the card pushes, that wager is removed from the parlay. So, in the case of our three team bet above, if the Ravens tied their game, it becomes a two bet parlay. If the Patriots and Texans then win their games, the bet pays out as a 2 team parlay. The payout will be smaller than if they all three won, but hey, you still win some money!
While the odds of winning large parlays (5-10 wagers combined) are relatively low, they allow you to risk a small amount of money for a potentially large reward. For instance, a 10 team parlay bet purchased for $25 would pay out over $16,000 if you won every game.
Now that you understand the basics, let’s look at what kinds of bets you’ll be pairing together to make your fortune!
Types of Parlays
Over/ Unders
Over/Under bets (or bets on the “total) are wagers made on the total amount of points that will be scored during any given game by both teams. The sports book sets the “line,” which is the number you will be basing your decision on. You bet on whether you think the total amount of points scored will be over or under that number.
Over/Under, or Totals, bets are very common in betting parlays because they allow you to make multiple bets on the same game. A common strategy is to bet which team you think will win, and then parlay that bet with whether you think the game will go “under” or “over.”
So, let’s say your Uncle Tony got a tip that Aaron Rogers has a secret shoulder injury, and it will be difficult for Green Bay to throw the ball. The line is set a 53.5. Plus, they are playing the Browns, so you still think they will still win. You may want to bet Green Bay and the under. So you are betting that Green Bay will win the game, but it may be lower scoring due to the injury, and thus the total points scored by both teams will be less than 53.5.
You may have noticed the half a point I included in the example above. In sports betting these half points are called “the hook.” The sportsbooks use half points for most bets, especially over/unders, which limit the opportunities for a push. They “hook” bettors into one side of the bet or the other.
Point Spreads
Point Spreads, commonly referred to just as “the spread,” are what makes sports betting interesting. Without them, we could all just bet the favored team every week, make a lot of money and break Vegas within a month.
A point spread evens the playing field between teams by taking points from the favored team and giving them to the underdog. So, for instance, the Chiefs are playing the Colts in what is expected to be a tightly contested game. The Colts are favored to win by a field goal.
On the sportsbook board, or the betting site, this would look like “Colts -3” or “Chiefs +3,” depending on which side you wanted to bet. So, if you bet the Colts -3, but the Colts win by 1, you actually lost that bet by 2 points. If you bet the Chiefs +3, congratulations, you won!
How many points the underdog gets, or the size of “the spread,” depends on how mismatched the teams are. In the NFL, the spread rarely goes about 13.5 or so, but in sports like college football, you routinely have teams cover 60 point spreads.
While the point spreads themselves add a degree of complication to the bets, there are additional options that can really add to the fun. They’re called Teasers and Pleasers—my heart rate picks up a little just typing those words out for you!
Teasers
As far as I’m concerned, Teaser parlays are the greatest thing to happen to sports betting since the invention of the online casino. A teaser bet allows you to move that point spread that we discussed above in a way that’s favorable to you, the bettor (typically between 6 and 7.5 points). You get less of a payout if you win a teaser parlay, but it does improve your odds of winning.
So, in the example of the Colts and the Chiefs above, we had the Colts favored by 3 points. If you “teased the line” 6 points, then you’d move that Colts spread from -3 to +3.
You add 6 points to the spread that’s already given. Now you have a bet on the team that’s already favored, and now you win your bet whether they win outright as is predicted, or if they lose by less than 3. I like your chances!
What’s even better is that you don’t have to just tease the point spread, you can tease the total or over/under as well! So, if the point spread was 53.5 as it was in our example earlier, you could tease that line all the way down to 46.5 (7 point teaser), and then bet the over. Or, you could bet the under by moving the over/under up to 60.5. Like taking candy from a baby.
Pleasers
Moneyline
Moneyline bets are the last little wrinkle to parlay betting that we will discuss here. These bets remove the point spread from the equation. It’s a bet based straight up on the winner and loser of the event. It’s you saying “I don’t care about all those numbers and that other mumbo jumbo; I think my team is going to win and that’s that!”
Moneyline bets can be very profitable if you can predict an upset. However, if you bet the favored team moneyline, the payout will be less. How much less depends on how largely favored the team you bet on is.
You are able to mix moneyline bets with point spread bets on a single parlay, however you cannot mix them with either teaser/pleaser bets. On those cards, if one wager is teased/pleased, you must tease/please them all.
While a standard bet placed on individual hockey games is generally done through the money lines, puck lines, and the Grand Salami, you can also place your money on a hockey parlay betting. Parley payouts are based on the individual money line odds for multiple teams playing. The greater number of teams involved the bigger the potential payout.
Hockey parlays involve placing a single wager on two or more teams. These bets are sometimes called “accumulators”. If any team loses you forfeit the entire parlay – unfortunately.
If one of the games is tied, or even canceled, the parlay falls to the next lowest number, meaning, if you had a 4 team parlay, and 1 got canceled, then your 4 team parlay bet would turn into a 3 team one.
The attraction for this type of online betting is the potential payout. There is greater risk involved, but the player can win much larger amounts of money – lots more.
Strategies and Tips for Hockey Parlay Bets
During the National Hockey League (NHL) playoffs there is heavy online betting in parlays. There are many important games being played in a single week and players are paying much more attention to the odds for each game.
Players can bet from 2 to 12 games in a parlay. ALL teams have to win though for your bet to be successful, so a 12 game parlay would be considered to be a reckless bet, especially for beginners. The returns are huge, but winning this type of bet becomes less likely with each additional team. So to start off with some of the hockey parlay online betting tips, you should consider the fact that betting on a high number of teams is best left to the very informed hockey enthusiast, or extreme risk takers.
You have to decide if the number of teams involved in a parlay is so great that it renders the bet impossible to win. For example: the odds on a 12 team parlay with -110 odds would be 2,000 to 1. That would make for a huge win, but the likelihood of it happening is so remote, that it might just not be worth doing – unless you have the dough to risk.
A very conservative wager would be on 2 or 3 team parlay. Experts recommend parlays that include 5 or 6 teams, but then again, they are experts.
The parameters have to be the same for each game. You cannot base your bet on the halftime score for one game and the end score for another. You can place your bet using various styles, such as over/under, point spread, and so on. Again, whatever style you choose, you must stick to the parameters of that particular parlay.
It is very important that you understand the terms and conditions of the parlay on which you are wagering. You also have to be aware of what will happen to your parlay if some of the parameters are not met. The “push” or tie game is a perfect example. Most bookmakers will treat a draw as a reduction in the number of games in the parlay; as mentioned above, a 4 team parlay will drop down to 3 teams and the winnings will be paid out as if it was a 3 team parlay bet. If your parlay involves 2 teams only, your bet would become a standard straight bet in many cases. However some bookmakers would treat the bet as a “no-win” and your wager would be lost.
Parlay Push Rules Meaning
In any sports betting, knowing the terms affecting your bet is essential. You could lose your entire budget by not realizing what will happen if all the terms of your bet are not met, or if there is an exception.
Parlay Rules Push
Placing an Online Bet
It does not matter what sport you are placing a bet on, your most important choice is the sportsbook that will receive your wager. Security for deposits and reliable payouts, along with outstanding service are crucial factors to be considered in your choice of an online sportsbook. We suggest that you check out our list of recommended sportsbooks to guarantee yourself the very best online gaming experience possible, and once you make your choice, go right ahead and make your hockey parlay bets.