![]() Luckily, sportsbooks do this complicated math for us, but you can read a full explanation here. A parlay bet is common in sports betting and is made up of two or more individual wagers. * Confused where +243 came from? To calculate a parlay, the odds must first be changed into decimal odds, multiplied together and then reconverted back to American odds. What Are Parlays A parlay is a bet that connects the outcomes of multiple sporting events in a single wager. What Does a +200 Money Line Mean A +200 money line would mean that if you placed a 100 bet. You can also parlay bets across sports (a Packers and NWSL’s Portland Thorns bet, perhaps?) but most sportsbooks will cap a parlay at 10 total bets. ![]() Remember: the less likely an outcome, the more money you could make. ![]() The reason the payout is bigger is because the chances of both of those bets winning is much smaller.You can bet on those individually or you can parlay them together with a combined odds of +243*. A round robin bet would allow you to make three, two-team parlays involving the three teams you love so much. Let’s say you want to bet on the Green Bay Packers to win (-110) and the total score of the game to be more than 50 points (-125). This is where knowing what a round robin bet is helps.A parlay (no, not that parley) combines two or more bets to greatly increase your possible payout but…it greatly decreases the chance of actually winning.
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