Parlays are undoubtedly the most popular of the exotic wagers, as they offer the prospect of a big payout on a wager. Simply stated, a parlay is a selection of two or more sides or totals that you gamble on and they all must win in order for you to win your wager. If you place a parlay, moving 3-1 is no different than going 0-4. All of your bets tie, in order that you win, or must win.
There are basic kinds of parlays, those wagered from the point spread and those wagered using the money line. The payoffs that a bettor will receive should they win are quite different in the two. The payoff is adjusted, whilst the likelihood of each group determine money line parlay payoffs in parlays involving point spreads.
Point Spread Parlays
The chances on a typical parlay involving point spreads, such as totals, are normally something like:
2 groups 13-5
3 teams 6-1
4 groups 10-1
5 groups 25-1
6 groups 40-1
Seven groups 75-1
8 teams 150-1
9 teams 300-1
10 teams 600-1
What this means is that if all of their games triumph, a bettor making a wager on a parlay stands to win $ 25, though a correct eight-parlay will pay out $150 for each $ 1 wagered. The capacity to win a good deal of cash for a bet is the reason parlays are popular with quite a few sports bettors.

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