![]() If there is a minus sign in front of the odds, you take the value of the odds and divide it by the odds plus 100. It's important to understand implied probability when betting parlays. ![]() But, when parlays hit, they quickly boost a bettor's bankroll. In our example, a bettor who placed straight bets on each of the three spreads would have profited and a parlay bettor would not have. Overall, parlays are high-risk, high-reward propositions. If UCLA did cover the spread against Arizona, the bettor would have won a parlay that came in close to 6/1 according to our Parlay Calculator. Even though Duke and Villanova covered, the bettor needed to go three-for-three to cash the parlay. If a bettor parlayed all three spreads, they'd have lost their wager because UCLA did not cover the spread against Arizona. ![]() After scanning the board for college basketball betting opportunities, a bettor comes to the conclusion that they love three spreads.ĭuke beats Carolina by 20. Some bettors prefer parlays because they can provide bigger payouts. Parlays typically have a lower chance of winning, but with high risk comes high reward. That means a bettor can predict six outcomes, be successful on five, be wrong on only one, and lose a wager. If any of the predicted outcomes are incorrect, the wager settles as a loss. Simply put, a parlay is a type of wager for which a bettor needs to correctly predict multiple outcomes. Gambling problem? Call or text 1-800-GAMBLER CONTENTS
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