A parlay, accumulator, combo bet or multi is a single bet that links together two or more individual wagers and is determined by all of those wagers winning collectively. The advantage of the parlay is that there are far higher payoffs than putting each individual bet separately, because the difficulty of hitting all of them is much higher. If some of those bets in the parlay shed, the entire parlay loses. If some of the plays at the parlay ties, or”pushes”, the parlay reverts to a lesser amount of teams together with the odds reducing accordingly.
Parlay bets are paid out at odds greater than the typical single game bet, but still below the”true” odds. As an example, a common 2-team NFL parlay based entirely on the distribute normally has a payout of 2.6:1 if both picks are correct. [citation needed] In reality, however, if one supposes that each single match bet is a coin flip and could be expected to cover out at 1:1, the true payout must instead be 3:1, a substantial difference.
The house creates a 20-31% gain on disperse parlays, compared to a 7% gain on individualized sports stakes. [2]
An alternate way to do a parlay is to wager on two or more favorites only winning up. To be able to calculate the payout of this parlay, one must multiply out the payout for all 3 matches. For instance, if 3 teams are +385 favorites, a prosperous parlay on all 3 teams winning could pay out in a ratio of roughly 1/1. This is since (385/485)^3 is roughly 50 percent

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