What is a parlay?

A parlay or combo bet, is a selection of 2-12 bets linked together on the bet slip. Winning the parlay requires all of your individual bets to win. Even one losing bet can deem the entire parlay a loss. The more you risk, the better the payoff. The more bets added, the more your potential payout increases. For example:

The New York Giants (-3) are playing the Philadelphia Eagles. At the same time, the New England Patriots (-8) are playing the Miami Dolphins. You believe both the Giants and the Patriots will cover their respective spreads. Instead of placing two straight bets, you could place a parlay. You’ll win if you’re right about both games; however, you’ll lose if one of the teams fails to cover the spread.

How to Place a Parlay Bet
 

After logging in, click Sports in green to open the Bodog Sportsbook.

 

Select your sport from the menu that appears. If you don't see your sport, click ‘All Sports’ to show more.

 

By default, the page will only show open events or those that have lines available for betting (either game lines or live betting).  Select your desired lines by clicking the appropriate boxes (up to a maximum of 12). Your selections will be added to the Bet Slip on the right of the page. Note: that you can add point spreads, moneylines, totals, props and futures to the same parlay, but there may be restrictions when parlaying lines from the same event or when lines are "singles only" (see Color Indicators help page).

 

On the Bet Slip, select 'Parlay'. Then, add any "point buys" you might require (where available). To remove a line entirely from the Bet Slip before proceeding, click the 'X' icon beside the selection.

 

Enter a risk amount in the box provided. Your win amount is automatically calculated for you.

 

Click 'Review Bets'.

 

Confirm the details of your parlay. If you want to proceed, click 'Place Bets'. If not, click 'Edit' to change the wager details.

 

Once your parlay bet is placed, you will reach a confirmation window showing your final bet details, including your wager reference number. Click 'Continue Betting' to return to the lines page.

 

 

Parlay Payouts

All of our parlay payouts are calculated based on “true odds”, which depends on how many teams are selected and the odds on those teams. 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 will give you an approximate estimate of your payout:

Parlay Size Payouts
2-Team 2.645/1
3-Team 5.958/1
4-Team 12.283/1
5-Team 24.359/1
6-Team 47.413/1
7-Team 91.424/1
8-Team 175.446/1
9-Team 335.852/1
10-Team 642.082/1
11-Team 1226.701/1
12-Team 2342.793/1

IMPORTANT: Actual payout may be slightly more or less due to rounding.

To calculate your winnings, simply multiply the odds by your bet amount. For example:

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. For 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 $100,000. No wager payout will exceed this amount under any circumstances.

 

Parlay Rules

  1. You must select a minimum of two lines and a maximum of 12 to place a parlay.
  2. 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.
  • 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.
  1. If any leg of your parlay has been graded "No Action", the parlay will reduce to the next number of teams in the wager. For 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.
  1. With the exception of pushes, 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.
  2. You cannot include fifth inning lines (5inn.) in parlays.
  3. You cannot include same game props in a parlay.
  4. 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.
  5. 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.
  6. You cannot include both sides of the same bet type (point spread, moneyline, or total) from the same segment of the game. Using the example above, the following parlay would be invalid:
  • Over (1H) with Under (1H)

 

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