What Causes Parlays To Pay More

What Causes Parlays To Pay More
August 29, 2022

What are parlays? How do they work? What causes them to pay more? These are all questions that many bettors have, but don't know where to find the answers.

In this blog post, we will explain everything you need to know about what causes parlays to pay more. We will answer any questions you may have, and provide a comprehensive overview of this topic. So, if you're ready to learn about what makes parlays so special, keep reading!

Why Do Parlays Pay More?

The reason why parlays often pay more than individual bets is that they are much harder to win. In order for a parlay to be successful, all of the individual bets must be winners. This means that the odds of winning a parlay are usually quite low. 

However, the potential payout for a successful parlay is much higher than the potential payout for an individual bet. This is because the payoff for a successful parlay is calculated using the odds of each individual bet. 

The odds of winning a parlay are calculated by taking the probability of each individual selection and multiplying them together. For example, if the odds of each selection are 50%, the overall odds of winning the parlay would be 25%. 

Parlays usually pay out more than an equivalent straight bet because of the increased risk involved. The odds of winning a parlay are lower than the individual odds of each selection, so bookmakers offer higher payouts to offset this. 

For example, let's say you wanted to bet on three games with odds of +100, +200, and +300. If you placed a straight bet on each game, you would win $100, $200, and $300 for a total of $600. 

The Benefits Of Betting On Parlays

Parlays offer bettors the opportunity to win a large amount of money with a small wager. They also require less research than placing multiple straight bets, as you only need to find one selection that you're confident in. 

Another benefit of parylay is that they can be used to hedge your bets. For example, let's say you bet $100 on Team A to win at +100 odds. If you're worried that Team A might not win, you could place a $100 parlay on Team A and Team B at +200 odds. 

If Team A wins, you will receive a payout of $200. If Team B wins, you will receive a payout of $400. And if both teams lose, you will only lose the original $100 bet. 

In Conclusion

Imagine a parlay of wagers on whether a series of coin tosses would result in heads or tails. Given that the chances of either result are 50/50, there is a good chance that you will get two heads in a row. Consider the potential consequences of receiving three or more heads in a row. Keep in mind that losing just one of your parlay's legs is all it takes for it to collapse. As you wager on more coin tosses, the odds of winning a parlay decrease due to the possibility that one of your legs will result in a tails outcome.

The higher risk of sports parlay bets results in higher payouts. Both the payout and the likelihood that the entire parlay will lose increase as the number of legs in a wager increases. Parlays offer value to bettors when using preferred markets as their legs, despite the risk.

We hope this blog post has answered all of your questions about what causes parlays to pay more. If not, feel free to leave a comment below and we'll do our best to help you out. Thanks for reading!