5 Team Parlay
- 5 Team Parlay Payout
- Al Dukes 5 Team Parlay
- 5 Team Parlay Payout
- 5 Team Parlay Bet
- 5 Team Parlay Bet
- 5 Team Parlay Odds
- 5 Team Parlay College Football
You could simply place a five-team parlay on those five picks and hope for the best. However, if just one team lets you down, your bet would crash and burn. You could instead decide to place a $10. Jan 25, 2021 It begins with a 10-game slate on Monday, when the Philadelphia 76ers, Brooklyn Nets, Los Angeles Lakers, and Dallas Mavericks are among the teams taking the court. A double-header on NBATV will feature the likes of Kevin Durant, Kyrie Irving, James Harden, and Stephen Curry. Here’s our five-team parlay for Monday: Pistons +6.5 (-110).
Payouts on a 2 team parlay are standard throughout the industry at 13/5. Sportsbooks will pay $2.64 for every $1.00 wagered. The total odds of your parlay are determined by the individual odds of your bets. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. Otherwise known as ‘Pick em’ markets. Find out your 12 team parlay odds or 15 team parlay odds with our free parlay calculator.
We are down to the final three weeks of the 2020 regular season. Playoff races are heating up and the football has been fantastic over the last few weeks. Week 15 promises to be another wild week in the NFL to get you prepared for the slate of games, we will be creating a 5-bet NFL parlay with several money line underdogs. Let’s take a look at our top Week 15 NFL parlay.
NFL Week 15 parlay picks and predictions
Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Friday at 1:20 p.m. ET.
Leg 1: Broncos (+225) over Bills
Let’s start off our five-team parlay with a real upset, shall we? Coming off an impressive home win on Sunday Night Football against the Pittsburgh Steelers, the Bills could be in for a bit of a let-down in Week 15.
They will travel to Denver to take on the Broncos, who have played really well as of late. At +225, the Broncos are a great home underdog to take in this game as they have impressive wins over Miami and Carolina in the last few weeks.
Leg 2: Patriots +2.5 (-110) over Dolphins
Bill Belichick doesn’t lose to rookie quarterbacks very often. His defenses usually find a way to confuse and frustrate young passers and expect them to do it again on Sunday when they face QB Tua Tagovailoa and the Miami Dolphins. Miami needs this game if they want to keep their playoff hopes alive, but look for the Patriots to play the role of “spoiler” in this game.
Special NFL Betting Promotion
Bet $1 on ANY TEAM’S money line Sunday, WIN an additional $100 (in free bets) if ANY team scores a touchdown during Sunday’s NFL action. Place your legal, online sports bets in CO, IN, NJ, PA, TN and WV at BetMGM!
New customer offer, terms and conditions apply. Bet now!
Leg 3: Cowboys (+140) over 49ers
The Dallas Cowboys are 4-9 on the season, but they are coming off their most impressive victory of the season in Week 14. They are also getting several starters in their secondary back on the field and should be able to score enough points (at home) to upset the 49ers in Week 15. These are two bad teams, so take the home dog in this game at (+140) on the moneyline.
Leg 4: Saints +3 (-115) over Chiefs
With Drew Brees back in the lineup for the Saints, they are arguably the most dangerous team in the NFC. At home, that is especially true against one of the league’s worst defenses. This could be a Super Bowl preview and with the Saints playing this game in the Mercedes-Benz Superdome, take them +3 (-115) in this game that should come down to the final possession.
Leg 5: Giants (+240) over Browns
The last pick in our five-team parlay is the Giants over the Browns on Sunday Night Football. Coming off the game of the year against Baltimore, it wouldn’t be a shock to see Cleveland have a bit of a letdown this week.
5 Team Parlay Payout
New York has a fantastic defensive line and might be able to slow down RBs Nick Chubb and Kareem Hunt. Can the Giants score enough points on offense to keep up? That is the question, but as a (+240) home dog, there is a lot of value to be had here.
5-TEAM PARLAY Bet $100 to earn a profit of $9,365.44
Want action on these NFL games? Sign up and bet at BetMGM. If you’re looking for more sports betting picks and tips, visit SportsbookWire.com. Please gamble responsibly.
Follow @Marcus_Mosher on Twitter. Follow SportsbookWire on Twitter and like us on Facebook.
Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
A parlay bet is a common way for sports bettors to increase their odds and payoffs. Instead of making multiple, single bets, a parlay bet combines 2 or more bets into one bet. Each bet within the parlay must win in order for the parlay to win. If any bet within the parlay loses, the bet loses. The more teams put into a parlay bet, the higher the odds.
Parlay bets should be used by one type of bettor, casual bettors doing it for occasional fun. Serious and professional sports bettors should only place parlay bets on very limited occasions, if ever. Since it only takes one loss within a parlay to lose the entire bet, the risk is very high. On a 6 team parlay, you could go 5-1 and lose your entire bet. Had these been straight bets, you’d be a happy camper.
Recommended Sportsbook for Parlay Bets:
Higher than normal parlay payout odds
Parlay Betting Odds
Two types of parlay bets can be made – those that use a point spread, and those that use a money line. Point spread parlay bets have somewhat standard odds, being very close at most sportsbooks. While there can be some slight variation from one sportsbook to another, in order to be competitive they’re generally pretty similar.
Typical Point Spread Parlay Betting Odds
- 2 Teams: 2.6:1
- 3 Teams: 6:1
- 4 Teams: 10:1
- 5 Teams: 20:1
- 6 Teams: 40:1
- 7 Teams: 80:1
- 8 Teams: 100:1
- 9 Teams: 150:1
- 10 Teams: 300:1
- 11 Teams: 450:1
- 12 Teams: 600:1
- 13 Teams: 750:1
- 14 Teams: 900:1
- 15 Teams: 1500:1
Money Line Parlay Betting Odds
Odds for parlay bets when using a money line are relative to the odds of each pick within the parlay. If you’ve chosen a number of underdogs, your odds will go up. If you’ve chosen big favorites, the odds will be lower. Money line parlays are great for an annual trip to Vegas where the idea is to go big or go home. However, for people who take their sports betting seriously, they’re too high risk to be a reasonable betting strategy.
Benefits of Parlay Betting
Parlay bets allow sports bettors to make small bets with the possibility of large wins. They also allow bettors who have a limited bankroll to bet on multiple games, instead of waiting for games to end and time to collect their winnings. If multiple games are going on at the same time and you don’t have enough money to make straight bets on each game, a parlay bet is a way to get action on each game.
To put a parlay win into perspective, lets use a 5 game parlay as an example. If you made 5 straight bets for $22 each ($110 total wagered) and won all of them, you would win $20 per game for a $100 total profit. However that same $110 wagered on a successful 5 team parlay would pay $2200. But wait, before you go place your bet, keep reading.
Negatives of Parlay Betting
The major problem with parlay betting is that they don’t offer true odds. For example, the true odds of hitting an 8 team parlay is 255:1, while the payoff is only 100:1. This is a big disadvantage to the bettor. Similar to Roulette, when you split your chips across 2 numbers, you get slightly worse odds. When you split them across four numbers, the odds get worse again. The same can be said for parlay bets in sports betting.
Think of it this way. If you want to bet $100 on each of 5 games, but can’t afford to risk the full $500, you probably shouldn’t be betting at all. If you can afford the full $500, you will get a better payout with less risk of losing all your money by making straight bets.
Parlay Betting Tips
Al Dukes 5 Team Parlay
There are all sorts of little tips for improving your ROI on parlay bets, but there are a couple of tips that everyone needs to know. To improve your chances and win more on your parlay bets, follow these tips.
Bet on Fewer Teams, Raise Your Bets
Parlays are often used the wrong way. Instead of placing a $20, 5 team parlay, it’s better to make a 3 team parlay for more money. While the odds are lower, the win-rate is much higher, relying on only 3 wins instead of 5. By increasing the bet size, you can make up for the lower odds. This gives you a better chance at a win and a nice payday.
If you have more teams you want to bet on, split your parlays into multiple, smaller parlay bets.
Protect Your Bets
5 Team Parlay Payout
If you have a 5 team parlay that is 4-0 going into the fifth game, you stand to win $1000 on a $50 wager. A loss in the fifth game pays you nothing. To guarantee a win, place a straight bet for $525 on the team opposing your parlay pick. This will guarantee you a minimum win of $425 no matter what the result of the fifth game is. While expert bettors don’t bet a lot of parlays, when they do, this is a strategy they often employ.
5 Team Parlay Bet
If your parlay wins, you collect $1000. This is a $950 profit from your $50 bet, minus the $525 side bet, for a guaranteed win of $425.
If your parlay loses, you lose $50 there but make $477 profit (11/10 odds) on the $525 side bet, for $427 guaranteed profit.
Either way, you can grab a beer and enjoy that last game, knowing you’re a winner no matter what.
5 Team Parlay Bet
Parlay Betting Rules in Event of a Tie
Before placing a parlay bet at a live or online sportsbook, find out the rules in the event of a tie. At some sportsbooks a tie will remove one team from the parlay, moving it down one level. For example, if you have a 5 team parlay with one tie, the parlay will automatically become a 4 team parlay, essentially removing one team from the bet.
5 Team Parlay Odds
At other sportsbooks, a tie results in a loss. This is bad for the bettor, so make sure you know the rules before placing your bet. This is especially important for betting on soccer or hockey where ties are common. Expert sports bettors never place a parlay bet without knowing these rules.
NFL & NCAA Football Parlay Betting
Parlay bets are extremely popular with NFL and NCAA football bettors. Parlay bets for football combine multiple straight bets, meaning the point spread is used. A bettors job is to pick teams that will cover the spread. If any team within the parlay does not cover the spread, the entire parlay bet loses.
5 Team Parlay College Football
While we don’t like parlay bets for serious bettors, they’re a great way to add tons of excitement to a weekend of football. Just remember how hard it is to go 3 for 3 in your fantasy league before you place a 10 team parlay.