Anyone who bets a parlay with seven teams is a dreamer.
You hope to hit all seven legs and get a huge payout. The win is especially large if you’re throwing some big underdogs on there. It’s not the way you should bet if you’re worried about things like bankroll management.
- Pitt +3.5 or +145 on the ML: The Panthers are a very game team and coming off a 41-17.
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But, sometimes the lottery hits.
The total odds of your parlay are determined by the individual odds of your bets. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. Otherwise known as ‘Pick em’ markets. Find out your 12 team parlay odds or 15 team parlay odds with our free parlay calculator.
One bettor at MGM played an odd parlay on Tuesday. There were six teams from the Copa Libertadores soccer tournament in South America, and the Dodgers to win Game 1 of the World Series.
And $50 turned into $128,995.
A huge parlay hits
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There were six matches in Copa Libertadores on Tuesday. If you’re going to build a seven-leg parlay when the NBA and NHL are done, the NFL isn’t playing and there are no scheduled college football games, you have to get creative. The bettor must have had a good read on the matches Tuesday, because he went 6-for-6.
That left the Dodgers.
Check out this $50 parlay that turned into $128,995 last night 🤯
6 of the 7 legs featured soccer teams playing in the Copa Libertadores
...the last leg? Dodgers ML 👇 pic.twitter.com/b1bvkvLk0u
— BetMGM (@BetMGM) October 21, 2020The Dodgers were not a sweat after Cody Bellinger’s home run broke a scoreless tie in the bottom of the fourth inning.
The odds on a seven-team parlay are usually 90-to-1. But that’s for seven legs that have even odds. Every single soccer winner on that parlay was getting plus odds. That pushed up the odds on the seven-team parlay to about 2,579-to-1.
Parlays are hard to hit. There’s a reason those brightly colored cards aren’t far from any sportsbook counter. But for one bettor, he has a pretty good story to tell for the rest of his life.
© Provided by Yahoo! Sports Los Angeles Dodgers' Mookie Betts scores past Tampa Bay Rays catcher Mike Zunino in Game 1 of the World Series. (AP Photo/David J. Phillip)More from Yahoo Sports:
Using the Parlay Calculator for How Much Does a Number of Teams Pay
Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets. Using the parlay calculator is extremely easy.
All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.
For example. Let’s say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!
Parlay Payouts & House Edge Depending on Number of Games
| # of Teams | Actual Odds | Las Vegas Payout | Online Payout |
|---|---|---|---|
| 2 | 3/1 | 2.6/1 | 13/5 |
| 3 | 7/1 | 6/1 | 6/1 |
| 4 | 15/1 | 10/1 | 12.28/1 |
| 5 | 31/1 | 20/1 | 24.35/1 |
| 6 | 63/1 | 40/1 | 47.41/1 |
| 7 | 127/1 | 75/1 | 91.42/1 |
| 8 | 255/1 | 150/1 | 175.44/1 |
| 9 | 511/1 | 300/1 | 335.85/1 |
| 10 | 1027/1 | 700/1 | 642.08/1 |
What is a Parlay?
A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn’t matter what happens in the other games.
How Much Does A 7 Team Parlay Pay
If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.