![]() ![]() A $10 three-bet parlay with those odds would turn into $270. That means every winning leg would triple the money. Say instead of betting on three bets with -110 odds, the bets each had +200 odds. The winnings can get a bit crazy when adding in underdog bets. Finally, the $41.50 is also bet on the third leg with -110 odds. Then for the second leg, that $21 is bet on the second leg, also at -110. In this example, the first leg wins with -110 odds on an $11 bet. This multiplies because a parlay forces all winnings from the previous bets to roll over into the next one. Betting $11 on a three-bet parlay where each bet had -110 odds would turn into $79.23 if all three bets won. For example, if you want to place $11 on a bet, but winning $10 doesn’t excite you enough, you could put that $11 to use in a parlay. Parlays are a cheaper way to win bigger payouts potentially. However, parlays multiply the odds of your winnings, which is the risk-reward of parlays. Obviously, in that case, if you bet them individually, you’d have won two bets and only lost one. ![]() If you win only two of them, you get nothing. If you place a three-bet parlay, all three bets have to win for you to cash in. ![]()
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