3 Team Moneyline Parlay

At the very bottom of the page you’ll find a calculator that you can use to see what your payout would be on any amount for a parlay of up to six teams (note that the odds used for the calculator are “typical” and not adjusted for the 5Dimes Friday Special). Typical Parlay Odds. 2 Team Parlay: 13-5 odds. 3 Team Parlay: 6-1. To get the parlay odds for our three-leg wager we now need to multiply these odds together. 3.00 x 3.50 x 1.63 = 17.12. To discover what the American odds for this parlay would be we need to convert it back by multiplying by 100 and then subtracting 100. So our parlay odds work out to: 17.12 x 100 – 100 = +1612. After all, if it was that easy to hit 10-team parlay tickets, sportsbooks would be quick to adjust potential returns accordingly. For an average parlay in which all of the odds are at the standard of -110, here’s a safe benchmark of an odds scale to use. Two-team parlay: 13-5; Three-team parlay: 6-1; Four-team parlay: 10-1; Five-team parlay: 25-1.

While the 3-Team 10-Point format is most typical, it’s not uncommon to find an option to move the spread by 13 points or to include four or five games or ‘legs’ in your wager. As with other teasers, the point spread is moved in favor of the bettor, increasing your chances of success in exchange for a significantly reduced payout compared to both regular parlays and traditional. TWO team MoneyLine parlay? Subscribe Subscribe Unsubscribe +5. Participants: 1 2. You could do a 3 team 7 point tease instead but there is a vig and they do not pay as much as the 3 team.

A parlay bet is one of the most popular forms of betting in the betting industry where punters opt to bet on a group of teams by combining them to make a single wager as compared to betting on several teams individually. If you are familiar with soccer betting, think of a parlay as an accumulator because it’s basically the same thing. The good thing about a parlay is that the payout is greater, but the tricky part is that all your selections in your parlay need to win and the odds of winning a parlay are always stacked against punters.
If you place a Parlay and there is a push, that bet will be taken out and your potential payout will be reduced since one bet has been removed from the Parlay. For example if you had a 6 team parlay and two of the matches are a push and four are correct, the bookmaker will remove the two and recalculate your payout, but if there is an incorrect one, you automatically would have lost. You might be wondering what a ‘push’ is, well, a ‘push’ occurs when the result of a sporting event ends in a tie between the sports bettor and the bookmaker and this will result in the player getting a refund.
Despite the negative odds associated with winning a parlay, it is still very possible to hit a parlay but you can only accomplish it by implementing a plan. While it is true that there are people who win without a plan, it is usually a one-time thing, but if you want to consistently hit the parlays and possibly earn a living from betting, a plan has to be in place and this article seeks to identify and explain what is refereed to as the ‘moneyline parlay strategies’ which you can employ in order to be a successful punter.
Before we explain the moneyline strategies, it is very important to clearly explain what moneyline in sports betting is. A moneyline bet is betting which team will win a game and this is one of the easiest and straightforward bets you will find. In moneyline betting, if a punter chooses the winning side, the bookmaker will pay the payout amount and please note that there is no point spread with a moneyline bet. Below is a simple explanation of a moneyline bet :
Lakers : +133
Cavaliers: -112
Suppose you want to place a $100 bet on this basketball match between Lakers and Cavaliers. The Lakers are regarded here as the underdog as suggested by the (+) sign whilst the Cavaliers are regarded as the favorites as suggested by the (-) sign. Using this match as an example, a $100 bet will earn a profit of $133 for a Lakers win whilst a punter has to stake $112 in order to make a $100 profit. The payout for backing Lakers is big because betting on the underdog is considered a risk, and a risk must be rewarded. On the other hand the favorites are considered a to be a lesser risk and that is why they fetch a smaller payment.
Now that we have clearly and separately explained what ‘moneyline’ and ‘parlay’ is, a ‘moneyline parlay’ therefore becomes a way of choosing multiple favorites to win. The main benefits of combining moneyline and parlays is in the exponential value of parlays and the simplicity of money lines.
Calculating the odds for a parlay is quite simple and you can do it on your own, the following example shows you how to calculate parlay odds.
Cincinnati Bengals -110
Pittsburgh Steelers +130
Chicago Rangers -150
The first step is to determine what the multipliers for each game would be, you do this by dividing what the total payout would be (including the stake) by the risk amount.
Cincinati Bengals – 110 to win 100, so the total payout would be $210
210/150 = 1.90
Pittsburgh Steelers – 100 to win 130, so the total payout would be $230
230/100 = 2.3
Chicago Rangers – 150 to win 100, so the total payout would be $250
250/150 = 1.66
After establishing the multipliers , you must then multiply your multipliers together in order to come up with the true odds of the parlay.
1.90 x 2.3 x 1.66 = 7.25
There are quite a number of useful and proven moneyline parlay betting strategies which are listed below and we are going to be using the following example in our explanation of the moneyline parlay strategies :
Match 1 Match 2
Cincinnati Bengals +140 Pittsburgh Steelers -350
Cleveland Browns -195 Dallas Cowboys +200
Match 3 Match 4
Houston Texans +180 Indianapolis Colts -164
Jacksonville Jaguars -310 Kansas City Chiefs +125
Match 5 Match 6
New England Patriots +140 Philadelphia Eagles -113
New York Giants -195 Tennessee Titans +170
Match 7 Match 8
Washington Redskins -175 Miami Dolphins -200
San Francisco 49ers +135 Chicago Bears +310

The ‘Favorites’ parlay
The ‘Favorites’ parlay is considered one of the most popular types of parlays because punters feel that it is safer to bet on favorites than underdogs. The ‘favorites’ parlay does not pay much since the odds are extremely low but there are punters who would rather win small amounts of money regularly than be constantly disappointed by underdogs.
By selecting a couple of results believed to be certain to come true, punters can potentially multiply their winners by combining individual selections with each other so that they pay out a considerable amount instead of betting on them individually.
From the example below, the punter will select four favorites to make a ‘favorites’ parlay
Pittsburgh Steelers -350
Cleveland Browns -195
Indianapolis Colts -164
Jacksonville Jaguars -310
The multipliers from these respective matches are 1.28 x 1.51 x 1.60 x 1.32 if we multiply them together, they will give us total odds of 4.08 which is not so great so punters are forced to put more matches to increase the odds.
The downside of this strategy is that with each match added to a parlay, you’re multiplying not only your potential winnings but you are also multiplying the bookmaker’s potential margins. The thing is that there is always an urge to add more matches to your parlay in order to boost your odds but the problem is that each added match statistically increases the chance of your parlay failing.
The ‘Favorites + one’ parlay
The ‘Favorites + one’ parlay is a strategy that has proven to be useful and has a high likelihood of hitting as well. The basic idea behind this strategy is to put many favorites which of course have lower odds, and add one underdog which has higher odds and the main reason for the underdog is for boosting the parlay.
For this strategy to be able to pay you the huge potential payout, you have to try and make realistic bets that have a highly likelihood of winning so it is very wise to invest a lot of time doing some research on the teams and this will help you immensely to come up with winning bets. Sports is a complicated game and you will find that there are certain teams classified as underdogs who perform superbly against certain top teams, whilst certain top teams struggle to beat a few underdogs, it is against this background that a punter has to be familiar with the league in order to be successful using the ‘Favorites + one’
From the example below, the punter will select up to six favorites and just a single underdog
Pittsburgh Steelers -350
Cleveland Browns -195
Indianapolis Colts -164
Jacksonville Jaguars -310
Philadelphia Eagles -113
New York Giants -195
Chicago Bears +310
The multiplers from these respective matches are 1.28 x 1.51 x 1.60 x 1.32 x 1.88 x 1.51 x 1.36 if we multiply them together, they will give us an impressive total odds of 15,75
This strategy mostly fails because the underdogs bet usually fails so major emphasis should be put on selecting the best underdog bet. If you manage to get the ‘underdog’ bet right, you will make a lot of money consistently using this strategy.

The ‘Underdog-heavy’ parlay
Underdogs are very popular among punters because they offer a huge potential payout to punters. In the ‘Underdog-heavy’ parlay, punters take advantage of the big underdog odds by combining them with some favorites to make a one huge profitable parlay. Punters can make a parlay with about 8 picks and in those picks will be about 3 or 4 underdogs.
Theoretically, this is easy money but this is not as easy as it seems as punters are faced with the difficult task of picking out the underdogs which have a high likelihood of coming true. It is true that underdogs win from time to time but the difficult part is knowing which ones will do.
San Francisco 49ers +135
Chicago Bears +310
Cincinnati Bengals +140
Dallas Cowboys +200
Houston Texans +180
Kansas City Chiefs +125
The multipliers from these respective matches are 1.74 x 1.3 x 1.71 x 1.5 x 1.55 x 1.8 which gives a total of 16.1 which is an impressive total but it is extremely difficult for all these selections to come true.

A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games.

The allure of these bets has always been a larger payout than choosing a single team to win. But there’s more gamble to these types of wagers because every “leg” of the parlay needs to not lose in order to win. If one leg loses, the whole parlay loses.

The flexibility of a parlay bet also makes it attractive to gamblers. You can combine multiple sports into your parlay bet; for example, you can include the Cowboys from the NFL, the Celtics from the NBA and the Coyotes from the NHL into a single bet. If they all win, you win.

Test out the parlay calculator above and compare odds at different sportsbooks to see how it works!

Placing a parlay bet

There are two ways to place a parlay bet and both are quite simple. Bettors can either tell the ticket writer directly which teams and totals they’d like to bet on and how much they’d like to risk on the bet. Filling out a parlay card is the other option for placing this kind of bet. Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet.

Some mobile sports wagering apps offer both types of parlay bets.

Get the best parlay deal at online sportsbooks with Parlay Insurance here:

Winning a parlay

There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong.

Parlay odds

Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.

Parlay payouts

Payouts for a parlay are fixed by the time the bet is placed. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor.

8 Team Parlay Odds

If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets.

Types of parlays

A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.

Round Robin

A Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.

The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. They will then choose how many teams or totals they’d like to tie together for the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.

The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.

The ticket will cost the amount chosen for each parlay. If the bettor only has $300 they might choose to Round Robin the teams by two, so they have 28 different parlays for $10 each. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually.

Teaser

A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.

Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points. Those legs of the teaser may go in different directions.

• For example, the New England Patriots -7 can be teased down six points to -1. Meanwhile, the Cleveland Browns can be teased up six points from +4 to +10 points.

Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet.

3 Team Moneyline Parlay Rankings

Parlay Cards

3 Team Moneyline Parlay Scoring

The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet. Once the teams and totals are chosen the bettor simply presents the filled in portion on the card to the ticket writer in the sportsbook along with how much they’d like to wager.

3 Team Moneyline Parlay Rules

Parlay Cards are especially popular during football season. There are many different types of Parlay Cards including a variety of teasers, ties win and reverse teaser cards known as pleasers. These are more popular every year so the mobile sports wagering apps have started to add Parlay Cards for mobile bettors.