Football Bets and Football Parlay Betting

Football Bets and Parlay Information by Christopher Costigan of 1800-Sports


Football bets come in all forms. The most popular of which is the straight bet whereby one typically wagers $110 to win $100. However, there are also parlay football bets.

Parlays are now being bet by even the largest syndicate wise guy groups. A company such as Bodog might feature the following parlay odds:

A two team parlay will pay $13 for every $5 wagered (the odds will show as 13/5). Bet $50 to win $130. Two team parlays are the easiest to win obviously. Both your chosen teams must win.

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Three team football bet parlays are much more difficult, hence the reason the payout odds increase. However, the risk is nominal. Since Bet Mill's payout odds are 6/1 (meaning for every dollar bet, you win $6), a wager of $20 means a $120 win!




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The payout odds keep increasing dramatically as the chances decrease. Here are the Bovada payout odds:

Parlay Odds
Max Payout
2 Teams Pay 13/5
3 Teams Pay 6/1 15/1
4 Teams Pay 11/1 20/1
5 Teams Pay 21/1 30/1
6 Teams Pay 31/1 50/1
7 Teams Pay 51/1 75/1
8 Teams Pay 71/1 100/1
9 Teams Pay 85/1 120/1
10 Teams Pay 130/1 150/1

When a money line is used in the parlay it has the potential to alter the payout amount in either direction depending on the line. The absolute maximum parlay payoffs in this case are the following:

3 teams Pay 15:1
4 Teams Pay 20:1
5 Teams Pay 30:1
6 Teams Pay 50:1
7 Teams Pay 75:1
8 Teams Pay 100:1

Money line parlays occur when the lines selected differ from -110. The formula is: Risk multiplied by factor 1, multiplied by factor2 (like that with the number of choices made) and then subtracts the risk amount.

Here is the list of the factors for you to calculate:
If one or more of the selections is an underdog simply add 1 to the line to get the line factor, i.e., +155 would be 2.55.

Line Factor Line Factor Line Factor Line Factor
101 1.990 129 1.775 157 1.636 185 1.540
103 1.970 131 1.763 159 1.628 187 1.534
105 1.952 133 1.751 161 1.621 189 1.529
107 1.934 135 1.740 163 1.613 195 1.512
109 1.917 137 1.729 165 1.606 205 1.487
111 1.900 139 1.719 167 1.598 215 1.465
113 1.884 141 1.709 169 1.591 225 1.444
115 1.865 143 1.699 171 1.584 235 1.425
117 1.854 145 1.689 173 1.578 245 1.408
119 1.840 147 1.680 175 1.571 255 1.392
121 1.826 149 1.671 177 1.564 265 1.377
123 1.813 151 1.662 179 1.558 275 1.363
125 1.800 153 1.653 181 1.552 285 1.350
127 1.787 155 1.645 183 1.546 295 1.338
305 1.327

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Checkout our article about Online Sports Betting Sites.

--- by Mike Jones at 1800-sports.com on January 25, 2013


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