3 Team Parlay Payout

I'm sure we've all been in a situation before where we stare at the list of games and think to ourselves -- if only I could hit a nice 10-team parlay. Now, depending on the odds of the games you selected, or the amount of money actually wagered on the parlay, this bet won't necessarily make you rich, but it could offer up a very nice four- or five-digit return. The problem with hitting a parlay that size is that it's damn near impossible to do. Most experienced bettors refrain from ever making parlay bets. Thankfully, for sportsbooks, parlays will always be a staple of the betting game since there is always the potential of that one big payout every square bettor chases.

In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1. This is because (385/485)^3 is approximately 50%. Examples Typical payouts for up to 10 team parlay bet. If you are going to bet parlays, always check the payouts as the odds vary from site to site but generally, they payout about 2.6/1 for a two teamer and 6/1 for a 3-teamer using Standard -110 lines. Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. A four-team parlay with two ties reduces to a two-team parlay. The payout is re-calculated based on the reduced number of teams. A two-team parlay with one push reduces to a straight bet. If a parlay reduces to zero teams, the bet will be graded 'Push' and your risk amount will be refunded.

In case you are new to the industry, a parlay is a type of bet that involves two or more teams. In order for a parlay bet to be successful, each team involved must win, or cover the spread - depending on how you bet them. A parlay can also be called an accumulator or a combo bet. Parlays are the most popular bet amongst amateur bettors since it has the potential for the biggest payout.

Different Types of Parlays

A parlay can have a combination of moneyline bets , point spread wagers and even include the 'over/under' option. Some sportsbooks allow bettors to include different kinds of prop bets, half-time wagers, different sports and sometimes even futures bets .

Depending on the type or parlay you make, the payout could be minimal or significant. A lot of things go into determining the odds, but the main thing you need to know is that not all sportsbooks offer up the same odds.

Generally speaking, a two-team point spread parlay will pay about 2.5/1, while a three-team parlay pays 6/1, a four-team parlay pays 10/1 and a five-team parlay pays 20-1. Obviously, the more teams you decide to put in your parlay, the higher the odds go.

If you decided to go the parlay route with your money, you must be completely educated on the rules. Do you know what happens if one of the games in your parlay is canceled or pushes on the total or point spread? If you're reading this, I'm assuming you don't, so let me give you a better understanding.

What Happens to My Bet If My Parlay Has a Canceled Game?

Whether you are playing a point spread parlay on football Sunday, or a moneyline parlay on Tuesday's baseball card, the answer to this question remains the same; 'it depends'.

It all depends on which sportsbook you are using and what their rules are for parlays. Most sportsbooks do not punish bettors for having a canceled game on their parlay ticket. The ticket will go on as if that canceled game never existed.

For example, if you put together a five-team parlay and the fourth game on your ticket between the New York Mets and Washington Nationals gets canceled due to rain, your parlay is still live, but it just reduces to a four-team parlay and the payout is adjusted accordingly.

Payout For 3 Team Parlay

What Happens to My Bet if My Parlay Has a Push On it?

This is where it gets a little bit dicey, but as I said above the answer still depends on which sportsbook you use. Most sportsbooks try to avoid setting full-point point spreads such as -3 or -7 in order to be able to declare a winning and losing side. If by the off chance you can get a whole number and that game happens to fall right on that number, most sportsbooks just void that leg of the parlay and reduce the payout to the next number - which is the same procedure as above. A five-team parlay would then turn into a four-team parlay and the odds would adjust.

However, it should be noted that some sportsbooks treat pushes as losses. That means that just because you got a great number of -3 instead of -3.5, you are still needing to win by four in order to avoid losing your parlay. These parlays increase the difficulty of the wager and should be avoided at all costs.

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One of the best (and most fun) ways to bet on the NFL is by utilizing a parlay bet. A parlay is a multiple team/total bet where all the legs need to win for the bet to cash—because it's the riskiest play to make.

Today, we will be creating a 5-bet NFL parlay for Week 3 using BetMGM‘s odds. This bet includes a few favorites and a few underdogs to increase the odds. Let's take a look our top Week 3 parlay bet, shall we?

Leg 1: Houston Texans at Pittsburgh Steelers -4.5 (-110)

Odds via BetMGM; access USA TODAY Sports' betting odds for a full list. Lines last updated at 9 a.m. ET.

Despite being at home, Pittsburgh finds itself as just a 4-point favorite over the 0-2 Texans. While QB Deshaun Watson is incredible, his offensive line is not. Pittsburgh recorded seven sacks in Week 2 and could easily match that total again in this game.

Look for Pittsburgh's defense to dominate and for the Steelers to walk to an easy victory over the Texans.

New to sports betting? This bet wins if the Steelers beat the Texans by 5 or more points.

Leg 2: Chicago Bears +3 (-110) at Atlanta Falcons

Chicago travels to Atlanta in Week 3 to play the Falcons in what promises to be a high-scoring affair. The Bears have the defensive talent to potentially slow down the Falcons offense and they should be able to keep this game close. While the Bears could certainly win this game outright, they are a great bet at +3 to cover this spread.

Bet Chicago with confidence in this game, especially considering Falcons WR Julio Jones‘ status is in question.

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Leg 3: Detroit Lions (+210) at Arizona Cardinals

How Much Does A 3 Team Parlay Payout

Our one surprising upset bet in this parlay to increase our odds is Detroit over 2-0 Arizona. The Lions will be getting back star WR Kenny Golladay and they have the offense to keep up with the Cardinals when they are at full strength. Expect this to be a high-scoring game that likely comes down to the final possession or two.

At +210, the Lions are a great money line bet here to dramatically increase this five-team parlay's odds.

Leg 4: Dallas Cowboys at Seattle Seahawks -4.5 (-110)

Seahawks QB Russell Wilson has been phenomenal to start the season and should continue his hot streak against a Cowboys' defense that allowed 39 points to the Atlanta Falcons last week. Dallas will be playing without two of its top cornerbacks in CB Chidobe Awuzie and CB Anthony Brown, and likely without both of its starting offensive tackles.

Take Seattle to win and cover in Week 3.

Leg 5: Kansas City Chiefs (+145) at Baltimore Ravens

Finally, the last bet of our parlay will come on Monday Night Football. Somehow, QB Patrick Mahomes and the Chiefs are 3.5-point underdogs in this contest. While that is a great bet in itself, the Chiefs to win outright pays +145. Let's take the Super Bowl champions to pull an 'upset' here to win our five-leg parlay in Week 3.

5-TEAM PARLAY | Bet $100 to earn a $5,084.55 profit

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