Underneath more than a dozen flat-screen TVs, there are 38 red, white and blue betting kiosks lining the walls of the sportsbook at Riverwalk Casino in Vicksburg, Mississippi. On March 8, what may be the greatest parlay wager ever to hit at a U.S. sportsbook was placed on one of them -- a $25, 20-leg bet that paid $104,412.44.
![3 parlays of 2 teams 3 parlays of 2 teams](https://sportshub.cbsistatic.com/i/r/2019/09/24/8d5e6ea5-3335-46e0-805d-a9f25bacc725/thumbnail/1200x675/64e7755b3bc068837f42723c31107d34/case-keenum-danny-trevathan-redskins-bears.jpg)
![Parlay Parlay](https://www.casino.org/blog/wp-content/uploads/Parlay-Bet-853x1024.jpg)
May 13, 2009 Here is how you can calculate a 'True Odds' Parlay yourself. Small Player/Shot taker - the small player/shot taker usually puts down $5 to $10 on 10-12 team parlays looking for a huge win that. Consider a bettor who makes a 3-leg parlay containing the Team X moneyline at -175 odds, the Team Y moneyline at +140 odds, and the Team Z spread at -6 with -110 odds. A $1 bet on this parlay would result in a profit of $6.20 (for a total return of $7.20. 20 teams: 413 500 /1. And how these payoffs stack against true parlay odds. Then, players can use the parlay charts data provided by SBR as a guide to compare which sportsbooks offer the best. 2 Team Parlay: 13-5 odds. 3 Team Parlay: 6-1. 4 Team Parlay: 10-1. 5 Team Parlay: 20 to 1. 6 Team Parlay: 40 to 1. 7 Team Parlay: 75-1. 8 Team Parlay: 100-1. 9 Team Parlay: 150-1. 10 Team Parlay: 300-1. 11 Team Parlay: 450-1. 12 Team Parlay: 600-1 Odds. 13 Team Parlay: 750-1. 14 Team Parlay: 900-1. 15 Team Parlay: 1500-1. Typical Odds Compared. Dec 16, 2020 In other words, at standard parlay odds going all in on two single bets pays out better than parlay betting. What does a 2 Team $50 Parlay Pay? We can use the exact same math for a $50 parlay. At 13/5 odds (a 2.6 multiplier), a successful 2 team parlay pays out $130. Following the same math we did before, a $50 bet on a team at -110 pays out.
BetAmerica, the sportsbook operator for Riverwalk, said the parlay resulted in its largest payout since the book opened in August. Through the sportsbook, the bettor asked not to be identified.
The parlay featured point spreads, money lines and over/unders on a mix of Friday night NBA and college basketball games. The bettor backed 14 favorites, three underdogs and three overs. They all came through, but there were some close calls.
Their biggest sweat may have come in the first game listed on their ticket: Washington Wizards at Charlotte Hornets. The bettor took the favored Hornets to win straight-up at -200 odds. Washington guard Bradley Beal missed a potential go-ahead, contested layup with 3.6 seconds to play, and the Hornets held on for a 112-111 victory.
The ticket stayed alive when the Dallas Mavericks outscored the Orlando Magic 33-19 in the fourth quarter to cover a 6.5-point spread in a 111-106 loss and was completed with the Los Angeles Clippers' 118-110 win over the Oklahoma City Thunder in the final NBA game of the night.
BetAmerica vice president Alan Stremel said 20-leg parlays have been placed, but this was the first one to hit.
'We know players are excited about it, and the [Mississippi] market has been interested in parlays,' Stremel told ESPN. 'People like the potential payouts when putting it all together.'
Traditionally, 20-leg parlays have not been a regular offering at Nevada sportsbooks, and multiple veteran Las Vegas bookmakers and bettors struggled to recall any parlay with that many selections ever cashing.
'I've heard of 15 [legs], but not 20, not with us,' Bill Sattler, director of specialty game for Caesars Entertainment and a 30-plus-year Vegas veteran, said. 'Welcome to the business.'
It was costly start to the month for the Riverwalk, one of the new legal sportsbooks to open in Mississippi over the last year. In January, the five casinos with sportsbooks located in Mississippi's 'central region,' which includes Riverwalk, combined to win a net $457,000. The Riverwalk Casino lost nearly a quarter of that just as its first March Madness was tipping off.
3 Team Parlay Payout
'We look forward to the rest of the action,' Stremel said.
20 Team Parlay Odds Chart
Using the Parlay Calculator for How Much Does a Number of Teams Pay
![Team Team](https://mk0njonlinegambo3jlk.kinstacdn.com/wp-content/uploads/2018/09/parlay-sports-betting-card-739x357.jpg)
May 13, 2009 Here is how you can calculate a 'True Odds' Parlay yourself. Small Player/Shot taker - the small player/shot taker usually puts down $5 to $10 on 10-12 team parlays looking for a huge win that. Consider a bettor who makes a 3-leg parlay containing the Team X moneyline at -175 odds, the Team Y moneyline at +140 odds, and the Team Z spread at -6 with -110 odds. A $1 bet on this parlay would result in a profit of $6.20 (for a total return of $7.20. 20 teams: 413 500 /1. And how these payoffs stack against true parlay odds. Then, players can use the parlay charts data provided by SBR as a guide to compare which sportsbooks offer the best. 2 Team Parlay: 13-5 odds. 3 Team Parlay: 6-1. 4 Team Parlay: 10-1. 5 Team Parlay: 20 to 1. 6 Team Parlay: 40 to 1. 7 Team Parlay: 75-1. 8 Team Parlay: 100-1. 9 Team Parlay: 150-1. 10 Team Parlay: 300-1. 11 Team Parlay: 450-1. 12 Team Parlay: 600-1 Odds. 13 Team Parlay: 750-1. 14 Team Parlay: 900-1. 15 Team Parlay: 1500-1. Typical Odds Compared. Dec 16, 2020 In other words, at standard parlay odds going all in on two single bets pays out better than parlay betting. What does a 2 Team $50 Parlay Pay? We can use the exact same math for a $50 parlay. At 13/5 odds (a 2.6 multiplier), a successful 2 team parlay pays out $130. Following the same math we did before, a $50 bet on a team at -110 pays out.
BetAmerica, the sportsbook operator for Riverwalk, said the parlay resulted in its largest payout since the book opened in August. Through the sportsbook, the bettor asked not to be identified.
The parlay featured point spreads, money lines and over/unders on a mix of Friday night NBA and college basketball games. The bettor backed 14 favorites, three underdogs and three overs. They all came through, but there were some close calls.
Their biggest sweat may have come in the first game listed on their ticket: Washington Wizards at Charlotte Hornets. The bettor took the favored Hornets to win straight-up at -200 odds. Washington guard Bradley Beal missed a potential go-ahead, contested layup with 3.6 seconds to play, and the Hornets held on for a 112-111 victory.
The ticket stayed alive when the Dallas Mavericks outscored the Orlando Magic 33-19 in the fourth quarter to cover a 6.5-point spread in a 111-106 loss and was completed with the Los Angeles Clippers' 118-110 win over the Oklahoma City Thunder in the final NBA game of the night.
BetAmerica vice president Alan Stremel said 20-leg parlays have been placed, but this was the first one to hit.
'We know players are excited about it, and the [Mississippi] market has been interested in parlays,' Stremel told ESPN. 'People like the potential payouts when putting it all together.'
Traditionally, 20-leg parlays have not been a regular offering at Nevada sportsbooks, and multiple veteran Las Vegas bookmakers and bettors struggled to recall any parlay with that many selections ever cashing.
'I've heard of 15 [legs], but not 20, not with us,' Bill Sattler, director of specialty game for Caesars Entertainment and a 30-plus-year Vegas veteran, said. 'Welcome to the business.'
It was costly start to the month for the Riverwalk, one of the new legal sportsbooks to open in Mississippi over the last year. In January, the five casinos with sportsbooks located in Mississippi's 'central region,' which includes Riverwalk, combined to win a net $457,000. The Riverwalk Casino lost nearly a quarter of that just as its first March Madness was tipping off.
3 Team Parlay Payout
'We look forward to the rest of the action,' Stremel said.
20 Team Parlay Odds Chart
Using the Parlay Calculator for How Much Does a Number of Teams Pay
Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets. Using the parlay calculator is extremely easy.
All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.
20 Team Parlay Odds Calculator
For example. Let's say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!
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Parlay Payouts & House Edge Depending on Number of Games
Odds Of Winning 20 Team Parlay
# of Teams | Actual Odds | Las Vegas Payout | Online Payout |
---|---|---|---|
2 | 3/1 | 2.6/1 | 13/5 |
3 | 7/1 | 6/1 | 6/1 |
4 | 15/1 | 10/1 | 12.28/1 |
5 | 31/1 | 20/1 | 24.35/1 |
6 | 63/1 | 40/1 | 47.41/1 |
7 | 127/1 | 75/1 | 91.42/1 |
8 | 255/1 | 150/1 | 175.44/1 |
9 | 511/1 | 300/1 | 335.85/1 |
10 | 1027/1 | 700/1 | 642.08/1 |
What is a Parlay?
A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn't matter what happens in the other games.
20 Team Parlay Odds
If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.