Since the whole reason we are here is to explain betting odds, we need to teach people how parlay betting works and help them understand things like payouts, rules, and other things that come up when placing a parlay bet. This is one of the things we talk about first because it is such a popular way to bet on a variety of games, but many people waste their bankroll on them. For just a few dollars, someone could conceivably win as much as a million dollars or more, but that thrill is why most people lose their money when betting on parlays. Of course, this is an extremely rare situation but using a parlay to build the payouts on several bets you're feeling good about is a common + profitable practice if you are on a hot streak.

1. Bovada Nfl Special Teasers
2. Bovada Teaser Payoffs

Learn which teaser is better: standard teaser vs. Sweetheart teaser. Bovada NBA Basic Teaser Odds; Bets 4 4.5 5 6; 2 +100-110-120-140: 3. Any Push or tie. Bovada 13-point 'ties lose' teasers at -120. Shades go both ways and really are not to protect against teasers. Can get more points on the teaser side on occasion, teams +2 everywhere else +3.

I think of parlays this way. If you are confident enough in so many bets that you feel like you need to put them in a parlay, then you should bet them all straight as well. That way if you win 3 out of 5 for example, you will still win money or break even. As to where if you just bet one parlay then you will walk away with nothing more times than not. So, if you have $25 to bet a 4-team parlay, bet $5 on each team individually and then bet them all in a $5 parlay. You will be a much more profitable sports bettor if you stick to this philosophy.

Below is our complete rundown of what a parlay bet is in a way that you should be able to understand it. We try and break down all the different aspects of it, but please know that some sportsbooks have different rules and you may be able to do things on some sites but not others. Enjoy the page and we hope that we help you become better at sports betting by reading this page.

What Is A Parlay Wager?

A parlay is a single bet that is placed down that includes more than one pick to win a game or cover the spread, usually between 2-10 teams. You will win your parlay bet if all of your bets are won that you included on the betting slip. But if you have even a single loss, then the parlay is lost and so is your money. And it does not matter how many of the games you won on the betting slip because ALL of them must win.

What Happens If There Is A Push Or A Tie In A Parlay?

If any of your picks in the parlay turn out to be a push, then that bet basically acts as a tie and the payout of your payout will be reduced if you won your other bets. In other words, if you have an 8-team parlay and one of those picks is a push or tie, then you essentially are left with a 7-team parlay. The push doesn’t signify that your parlay will be graded as a loss; however, your total winnings will be reduced as the sportsbook removes that “leg” from your parlay.

Why Do People Bet On Parlays

A parlay is enticing to bettors because of the high return on investment should the bet be won. The payouts for a parlay can be very high, and thus very rewarding. The more teams you take in a parlay, the greater the return and it is completely possible to win thousands of dollars with a $1 parlay if all your picks are correct.

Example Of How A Parlay Bet Works

Let's say that you placed a three-team parlay on the Falcons, Cowboys, and Packers covering their respective point spreads in their match ups. Typically, a three team parlay will pay out at 6/1. If all three of these teams cover the point spread, then the bet would be won. For every $100 wagered on this parlay, a $600 profit is made. If one of the bets was to push though for example, you would be paid as if you made a 2 team parlay bet, which would be 3 to 1, or $300. If any of the three teams loses then so do you.

How Do You Calculate A Parlay?

The easiest way to calculate is to simply go to an online sportsbook and start putting your bets in. You will be able to see the payouts for the parlay before you confirm the bet. If you look at the table below then you can see the payouts if you were to bet a parlay using regular betting lines that are set at -110. Any time one of your bets is different then -110 then the payouts of your parlay will be different depending on which way you are betting. If you are betting an underdog that was +200 for instance, then your payouts for the parlay will be much higher. And if one of them was a favorite at -200 then your payout will be lower.

We're sure you're ready to learn more about the parlay wager and the best online sportsbooks that allow users to make wagers using the parlay. Here's a tip: stick to the sports betting sites that have friendly parlay rules which allow you to jump across different sports + parlay wagers within the same game! Now, let's get on with the show...

Bovada Sportsbook - Best Sports Betting Site For Betting Parlays

When it comes to betting games, sometimes players only pick one game to place a wager on, and sometimes a lot of money can be one quickly. The reason that Bovada is so popular is that most players know that there are all the games that they can pick from and make money on. This opens eyes but another thing that sticks out on Bovada is the parlay bets that can be made on all of the games here on Bovada.

Parlay bets here have all the making of big cashouts! With parlay bets, there are games that you can pick that you know that are for sure wins and take a few upsets and that’s where the money that players can be will increase. Bovada odds set on all the bets offered are set up for players to cash out huge and all it takes is a player to take the chance on more than one game or one more than one prop bet.

SportsBetting Sportsbook - Tons Of Parlay Bet For All Sports

The reason that many players love to place bets on SportsBetting is because the odds are set up perfect players to win big. There are always great games going on no matter the sport so that means that there are plenty of bets that will show up and many of the time players will decide which prop bets are best for them. Most of the time players will see more than one bet that they really like and this is where parlay bets will come.

The thing is SportsBetting already has all the great bets so now when you put all these prop bets in the basket and make it one big bet, this is where cash will flow! SportsBetting is known for great prop bets so when you can tie them all together, this only means more players will come in and place parlay bets and win huge!

BetOnline Sportsbook - Best Sportsbook With Parlay Bets

Knowing that all the bets you are at the tip of your fingers are what Betonline gives to all their account holders. These bets are always exciting and the odds are set up for players win big. With the games are always going on, bets are always popping and that also more the features are filled with a lot of different bets.

Prop bets are everywhere on BetOnline and that means that parlay bets will be the best way for players with accounts. The reason for this is because when it comes to betting, the main goal is to win as much money as you can. BetOnline has great odds for every bet in different games so tagging different bets in one parlay only increase the winning. Picking 12 bets with a few underdog pick only scream a lot of winnings when a player hits on BetOnline.

MyBookie Sportsbook - Parlay Bets Profit Top Of Line On MyBookie

The bets that are set on MyBookie has always been very favored for players to win money on. The ultimate way to win is to take advantage of the bets that are here and set no matter the games or the sport. This is why most players come back to MyBookie and bring back other players as well. Sometimes picking the underdog to win only shows that it will be more money to be made. The thing that comes with betting the underdog is there is also a chance you can pick the underdog and place a bet on your favorite at the same time. This is called parlay bets.

Bovada Nfl Special Teasers

These parlay bets can be placed and when you do that this only means more money can be won because of the multiple games that place are betting on. Even in the live betting feature, players could also place parlay bets as well. At the end of the day, betting is about profiting big, and here on MyBookie, parlay bets are one of the most profitable ways to win money. Adding all of the best you have on to one ticket and place big money on MyBookie will prove to profitable because of the odds set on MyBookie!

More About How Parlays Work In Sports Betting

As the parlays increase, so too does the margin of profit and payouts. But the more games linked together on the parlay, the more difficult the bet becomes to win. Parlays usually can go up to as many as 15 games. It's also important to know that parlays are not made for you as a bettor on the sportsbook. You have the power to fill out your own parlay slip for the games that you want to place a wager on.

Betting a parlay does not have to be on the point spread either. When placing a parlay bet, then you can bet on either the spread, the money line, or a combination of the two. But on the money line, which is a wager on a game without a point spread, the payouts can be a lot different. If a bettor takes the favorite on the money line for every parlay, the payout won't be the near the amount than if one or more underdogs had been selected.

Is Betting A Parlay Worth It?

While the major payouts and hopes of a changed lifestyle for only risking a few dollars may seem too good to be true, oftentimes it is. Still, you will hear stories about bettors who won a crazy 8-leg parlay where they turned $100 into a few hundred thousand. More often than not though, parlays are what give sportsbooks easy money. Sports betting can be difficult and if you are required to get every wager you make correct in order to win, you will find yourself running out of money much quicker in most scenarios.

Your Guide to NFL Football Betting

There’s nothing quite like NFL football betting. While everyone has their favorite sports to gamble on, the NFL is still our most popular league for betting. In fact, for some people, a bet on Super Bowl LVI will be the only bet they place on sports all year!

The hardcore gamblers probably don’t need this guide, but if you want to learn the fundamentals and terminology around NFL betting at Bovada, this article is for you. Here we’ll cover the basics of spreads, moneylines, totals, proposition (or “prop” bets), parlays, teasers, and futures.

It might all seem confusing now, but by the end of this post, you’ll see that it’s not really that complicated after all. And remember: If NFL players can learn the Belichick’s convoluted offensive playbook in time for the season to start, you can definitely pick up NFL betting vocab.

How to Bet on the Spread

The simplest kind of bet is a straightforward bet on which team will win. But what if it’s too easy to pick a winner because a team is such a strong favorite? If the Super Bowl-bound 2020 Chiefs were going to play the 2-14 Jets, would you have trouble picking a team to bet on?

Of course not!

A spread makes it interesting. What if you could bet on whether the Chiefs would win by more than 11 points? Now the bet is a little harder to call. The Chiefs will probably win, but will they cover that spread?

That’s what spread betting is all about.

Let’s look at an example. Here’s what the Super Bowl LVI odds might look like at Bovada:

Over on the right you have three columns. The first has the spread, which is three points. The Chiefs are the favorite, as indicated by the minus sign before the three. If you bet on the Chiefs to cover the spread, they would have to win by 4 or more for you to get paid. How much do you win? The (-120) next to the -3.0 tells you that. It takes a bet of $120 to win $100.

On the flip side, a bet on Super Bowl LVI where you take the spread on the Bucs means you think they will either a) win or b) lose by less than 3 points. If they lose 24-19, they didn’t cover the spread and you’d lose your wager. If they lose 24-22, they covered the spread and you’d win. And if they win at all, you win too!

But what if the score difference is exactly 3? Good question. If the final score is 24-21 it’s called a “push” and your wager is returned to you.

With these Super Bowl odds, you can also see that the Bucs spread is listed as +3.0 (EVEN). This means that you get “even money” on your bet if you win. Here, you bet $100 to win $100. Nice and straightforward, like a run up the middle.

How to Bet on the Moneyline

For our next bet on Super Bowl LVI, let’s get a look at the moneyline.

This is the second column, labeled “Win.” Here you see that the favored Chiefs are at -165. Because they are projected to win, it takes a bet of $165 just to win $100. On the other hand, the Bucs are the underdog, as indicated by the plus sign. There, we flip around our calculation. It takes a bet of $100 to win $145, because betting on the underdog is less likely to pay off.

Think of it this way:

Minus sign? Bet that dollar amount to win a hundred.

Plus sign? Bet a hundred to win that dollar amount.

Of course, for these Super Bowl LVl odds, if you think of a team led by Tom Brady as an underdog after all these years, you might need a little evaluation by the team doctor in a concussion protocol. He’s still the very last QB you want to see in the fourth quarter driving up field, trying to make up a deficit.

How to Bet on the Total

Totals betting is also known as betting the over/under. You can bet on how many points both teams will score together, and you can often also bet on how many points each team will rack up individually.

Let’s grab those Super Bowl LVI odds again:

The final column has the odds for the total bet. As of this writing, Bovada was offering a bet on whether both teams would score more or less than 56.5 points. If the final score is 38-20, the total combined score would be 58. People who had bet the over would be scrambling to wipe buffalo sauce off their fingers to check their phones and see how much they won. On the other hand, people who bet the under would be pissed that a final field goal by the losing team had wrecked their over/under bet.

Super Bowl odds shown there have the over/under both at -110. Your bet of $110 gets you $100. We should note that you don’t have to bet $100 exactly. It’s just easy to show the calculation that way. If you happen to bet $11 and you are correct, you make $10 using these odds.

How to Bet on NFL Props

Proposition or “prop” bets are one of the most fun ways to bet on the Super Bowl, and often are silly as hell. Check them out in Bovada’s Super Bowl Specials section.

Let’s start with a simple one: what are the Super Bowl LVI odds on the MVP winner in the game?

Sure, you could bet on Chiefs QB Patrick Mahomes to hoist the Rozelle trophy as confetti rains down. He’s the favorite in this set of Super Bowl odds at -120. But what if you think Gronk is going to go Fiesta Mode and rip off three disgusting touchdown runs to cap his career? Maybe you could get in a hundred dollar bet that wins a whopping $6,600, as shown halfway down the left column.

Crazy odds pay off big, if a longshot event occurs.

Another bet on Super Bowl LVI you can make is what the first missed field goal will be:

Looks like kickers are expected to have enough leg for the distance, as shown by that +400. If you can call whether the first miss is left or right, you could scoop up a quick profit, though.

You don’t even have to restrict yourself to betting just on the game. Want to bet on whether Ariana Grande makes it onstage during the halftime show?

Bovada Teaser Payoffs

It’s an underdog bet, but if you think she’s going to make it up there, you can take her at +275 and hope her agent got her into the limelight for this performance.

Another Super Bowl prop bet is whether Belichick will be mentioned more than once:

Boy, that over is looking mighty tasty at -300! Can the announcers really restrain themselves that much with Tom Brady on the field for 60 minutes of play in what might be his swan song performance?

Okay, prop bets go on and on at Bovada. If you want to bet on a thing at Super Bowl LVI, we’ve probably got it.

How to Bet on NFL Parlays

This is a fancy betting word that will make you feel more knowledgeable just by saying it. It’s really simple to understand, though. An NFL parlay is a combination bet that brings together a bunch of wagers and only pays off if you get each one right. For example, during division weekend, you might have been able to parlay both games. If you had picked the Chiefs and Bucs to each win their games in a parlay, you might have gotten paid handsomely.

That’s the main benefit of a parlay: big winnings multipliers. You’re taking on more risk due to the fact that each bet has to be correct for you to receive a payout, so Bovada makes sure that your payout is worth it.

Parlays can be quite large. Sometimes there are 12-event parlays with huge profits for anyone whose crystal ball is clear enough to predict that many bets correctly.

Of course, if one is wrong, the whole parlay fails, so it can be pretty stressful if you make a huge parlay that Frankensteins together a bunch of games.

As you add wagers to your betting slip, you can click the “Multiples” and “Singles” buttons to choose between betting each event individually and betting them as a parlay. The parlay winnings line will show you what your potential winnings increase to, if you choose to bet that way.

Not every bet on Super Bowl LVI can be combined, though, so please note that the Multiples option is often greyed in that case.

How to Bet on NFL Teasers

Ready for something a little more complicated? Let’s learn about NFL teaser betting.

Here you might have the chance to adjust the Super Bowl LVl odds in your parlay a bit as you decide which bet to make. A parlay may seem super risky with the standard lines and spreads, but what if you could move the lines before you made your bet? That’s what teasers are. They allow you to “tease” the lines, usually downward.

NFL teasers are not always available, but when they are, they’re a nice way to manage risk.

Let’s say one of the bets in your parlay is a favorite at -10 spread. Would the bet be easier to bank on if you could tease the spread down to a manageable -4? Of course. This is the way to cut down your parlay risk and make it more likely that you get all bets correct. The tradeoff is that your potential payout also is trimmed a bit.

Less risk, less reward. But it might be just what you need to ensure that your parlay crosses the goal line, depending on what Super Bowl odds you take.

How to Bet on NFL Futures

NFL futures betting allows you to bet on events that will take place after a decent span of time. A classic futures bet is to gamble on which team will win it all at the beginning of the season. You pick your franchise and hope you can ride them all the way to a Super Bowl win months later.

The Super Bowl LVl odds you see here could be considered a kind of futures bet as of the time we’re writing this. Once you’re betting on things that are happening on the same day as you place the wager, most bettors probably wouldn’t consider it a futures bet, even though it technically happens “in the future.”

All bets do.

At the beginning of next season, you’ll see a bunch of futures bets appear. Alongside picking a champion, you can also pick rushing leaders, passing leaders, league MVPs, and similar season-long items.

As of now, it’s all about finding the right bet on Super Bowl LVI. Head to our Super Bowl odds specials section and find a fun bet to go along with whatever else you choose. Pick a winner in the Puppy Bowl and you can turn a silly event for kids and chicks into a scream fest that will have you out of your seat as you beg -120 favorite Team Ruff’s 12-week old golden retriever to stop peeing on the 20-yard line and take the damn ball to the house already!

Happy NFL football betting and happy Super Bowl LVI everyone!