Parlays are the most popular of the exotic wagers, as they provide the potential for a significant payout on a small wager. Simply stated, a parlay is a selection of two or more sides or totals that you bet on and they all must win in order for you to win your bet. Going 3-1 is not any different than going 0-4, if you place a parlay. In order that you win, all your bets must win, or tie.
There are kinds of parlays, those wagered from the point spread and those wagered using the cash line. The payoffs a bettor will get should they win are different in the two. Whilst the likelihood of each team determine money line parlay payoffs in parlays involving point spreads, the payoff is adjusted.
Point Spread Parlays
The chances on a parlay involving stage spreads, including totals, are something like:
2 groups 13-5
3 groups 6-1
4 groups 10-1
5 groups 25-1
6 groups 40-1
7 teams 75-1
8 teams 150-1
9 teams 300-1
10 teams 600-1
What this signifies is that a bettor building a bet on a parlay stands to win $25 if all of their games win, while a correct eight-parlay will cover $150 for each $1 wagered. The capacity to acquire a good deal of cash is the reason parlays are popular with a number of sports bettors.

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