1 2 Point Parlay Card Odds

At the very bottom of the page you’ll find a calculator that you can use to see what your payout would be on any amount for a parlay of up to six teams (note that the odds used for the calculator are “typical” and not adjusted for the 5Dimes Friday Special). Typical Parlay Odds. 2 Team Parlay: 13-5 odds. 3 Team Parlay: 6-1. Parlay Card Betting explained. Learn how to play a parlay card. Sportsbooks offer 3 types of parlay cards. The ½ Point Parlay Card is the most popular. Ties Win and Ties Lose cards are also available. Pick from game spreads, totals or player props. Know your parlay card's payouts and rules before betting! Picking “against the spread” or “betting on point spreads” is a favorite and classic method for football enthusiasts. In every NFL football game, there is a favorite and an underdog to win. Popular sportsbooks and odds makers decide how big a favorite is by a certain amount of points and that becomes the spread for betters. Wong showed that taking favorites of -8.5, -8 or -7.5 and taking underdogs of +1.5, +2, and +2.5 was the way to profit off of teaser bets when given the right teaser betting odds. And that is why these are known as Wong Teasers. Parlay Odds, Probability, and Payouts. It should go without saying that the more games on the parlay card, the lower your odds of winning are. That’s because the odds of multiple things happening get multiplied by each other. Let’s say that each of the teams on your 4-game parlay above have a 50% probability of winning.

Wizard
Administrator

I defiantly got backed off there years ago. It may take a while, not sure how many cards you put in. are we talking 10 or 50?


I put in seven.
It's not whether you win or lose; it's whether or not you had a good bet.
LarryS
I know you can sometimes get deals in changing spreads on the parlay cards. But doesnt parlay cards also pay out less than gambling off the board.
I am not sure but if I remember right parlays 'off the board' for 3 teams pay 6 to 1. But when you look at some parlay cards they pay 6.5 for 1 or 6.75 for 1....am I correct on this...I used to bet the cards when I was a newbie....but later found that betting off the board had more flexibility and paid better . but you can sometimes get gems of point advantage along with the lower pay rate
AxelWolf

I know you can sometimes get deals in changing spreads on the parlay cards. But doesnt parlay cards also pay out less than gambling off the board.
I am not sure but if I remember right parlays 'off the board' for 3 teams pay 6 to 1. But when you look at some parlay cards they pay 6.5 for 1 or 6.75 for 1....am I correct on this...I used to bet the cards when I was a newbie....but later found that betting off the board had more flexibility and paid better . but you can sometimes get gems of point advantage along with the lower pay rate

I know they used to let you make 3 and 4 team parlays off the board. That's when they really start backing you off.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
AxelWolf

I put in seven.

Good luck or variance. I have a feeling $700 worth of bets wont bother them. Its when your trying to get as much action as possible, thousands and thousands they get real mean. When they start getting a lot of parlay bets that include particular teams, no matter how well you mix it up, the manager tells all the guys to have it approved with him first.

1 2 Point Parlay Card Odds Poker


When there is a clear advantage most likely many sharp sports bettors are all betting the same thing and its apparent to the Managers right away.
You would think sports book managers would know who's picks to follow after a while and get rich.What is a half point parlay card
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
SOOPOO
It is this kind of analysis that separates Mike from the rest of us! I do have one question, which might tend to decrease the player edge you have calculated. When the pread is, 3, say, the bookie has to opt for either 2.5 or 3.5. Your analysis implies that that is a random event. What if it is not? I will use the Bills game as an example. I first saw the Bills line at 3.5, not 3, and actually thought it would go higher. So when the bookie had to choose between 2.5 and 3.5, they may have just chosen the line which is actually a 50/50 proposition. If they had chosen 2.5 it may have been a 60/40 proposition, creating real value, but they obviously won't do that intentionally.
So have you retrospectivelly checked how this system would have performed over the past few years? Using actual games and actual pointspreads? I don't know if you would have access to actual teaser cards....
And, thanks again!
Also, is there a way to bet a single game laying substantially more points than the spread? For example, what odds coud I get on the Ravens minus 13?
1 2 Point Parlay Card Odds
Wizard
Administrator

When the pread is, 3, say, the bookie has to opt for either 2.5 or 3.5. Your analysis implies that that is a random event. What if it is not?


For my analysis, I assume the bettor only makes the bet if the half point moves in his favor. So, in the case of a spread of 3, I assume if it moves to 2.5, the player bets the favorite, and to 3.5, the dog.
Quote:

So have you retrospectivelly checked how this system would have performed over the past few years? Using actual games and actual pointspreads? I don't know if you would have access to actual teaser cards....


No, I don't have any old cards. However, I do have the 'off the board spreads' and can gauge the value of gaining a half point off those, when the spread is an integer.
In other news, I have added to that page with my analysis of Ties Win parlay cards.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
Administrator
I've added lots of new material to my page on Parlay Bets in the NFL. Other than cleaning up the usual typos, it should be ready to publish soon. I've added material since my OP on ties win, ties lose, and off the board parlays.
As always, I welcome all feedback.
It's not whether you win or lose; it's whether or not you had a good bet.
RealizeGaming
Wizard, this is great information! I usually go to Vegas a number of time during the college and NFL seasons and I usually swing by the sportsbook to put a few parlay bets on the games. The first time I went I was totally overwhelmed by the number of 'tickets' they had available to bet with. I wasn't sure which was the best ticket to use, ties win, 1/2 point, mega teaser, etc. so I would normally just choose one and go with it. With this information now, at least I can act like I have some kind of an idea what I'm doing.
If anyone wants to win, just bet opposite of me. My last two four team parlays didn't record a single win!
Thanks again for all the information!
Wizard
Administrator

I wasn't sure which was the best ticket to use, ties win, 1/2 point, mega teaser, etc. so I would normally just choose one and go with it.


You're welcome! Stay tuned for my analysis of teasers and pleasers next. I expect it to show they are lousy bets.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
Administrator
I was just rebuffed putting in half-point parlay cards at the Rampart. I tried to put in 20 of them, 10 pick-7 for $50, and 10 pick-6 for $100. This happened at 9:00 AM PST, an hour before kickoff of the early games. The reasons for refusal were:
  1. The cards were very correlated. I had the same four picks on all 20, and the other picks were round robins of 5 others, by 2 and 3.
  2. I was betting a lot.
  3. Every single pick had Packers -6.5. I attempted to put them in an hour before kickoff, and the line had moved to Packers -9, evidently because a key player on the Lions was announced to be not playing after the cards were printed.
  4. I was putting them in too close to kickoff.

The machine took the first one, but evidently it set off the 'approval' red flag on the second. When the supervisor looked at them, he just shook his head as he leafed through my selections, and then said, 'You can bet two of these only.' When I asked why he laid out the reasons above.
I'm pretty sure they are going to remember me now. I think maybe he already did from my past Super Bowl prop bets.
Not to give up, I'll try again next week. I'll put them in earlier and for smaller amounts and see what I can get away with.
The 'morning game' picks are doing well so far: Sea -2.5, GB -6.5, and KC -2.5.
It's not whether you win or lose; it's whether or not you had a good bet.

The reason sports bettors love to play parlays is apparent. With a straight bet on one game, if a player hits his or her $100 bet – assuming standard vig – he or she will win less than $100 in profits.

With a parlay, by just adding one more game to the original bet, that $100 parlay will net a player $260 in profits. Seems like a no-brainer, right?

If bettors are going to wager on multiple games, they might as well combine the bets to make more money. Plus, with parlays, they can combine different types of bets. If they love a team to beat the spread and think the total points scored will go over the posted line, they can combine both types of bets into a single parlay that will result in a bigger payout than if they were to hit on both bets individually.

Again, it’s a no-brainer.

Well, not so fast. There is a “but,” and it is a big “but” that you should consider before placing any parlay. PA Sportsbooks would not offer these types of bets if they were easy to hit. In fact, if you ask the book, they love parlays. The reason for that is also simple – for you to make a profit, you must be 100 percent correct on all of the bets.

Example: A player places $100 on the Redskins (+3) and another $100 on the Rams (-7). The Redskins lose on a last-second field goal, but only by two points, so they cover the spread. The Rams, on the other hand, win but fail to cover their seven-point spread. The player wins one and loses one, so all he’s out is the vig on his winning bet. That amounts to less than $10 in profits to the sportsbook.

Now, consider what the book would make if the player had decided to combine those two games into a single $100 parlay. Because the Rams failed to cover, what happened with the Redskins is meaningless. The entire bet is lost. The $100 wagered goes to the sportsbook, as opposed to the less than $10 they made in the first scenario.

According to a study at UNLV, sportsbooks in Nevada make a 37 percent average profit on parlays, in contrast with just 7 percent on other bets. While players may love parlays, the sportsbooks love them even more.

Because of the potential bigger payoffs to gamblers, parlays remain popular. Let’s make sure you have all of the necessary information before placing one.

Parlay odds and profits at PA sportsbooks

The following odds and profit amounts on a $100 bet are the industry standard. (However, some sportsbooks may post different odds. Always double check the odds before placing any bets.)

  • Two-team 2.6 to 1 $260
  • Three-team 6.5 to 1 $650
  • Four-team 13 to 1 $1,300
  • Five-team 25 to 1 $2,500
  • Six-team 50 to 1 $5,000

Note that as point spreads change, the payout on your parlay does not. Payouts are fixed in place at the time you place the bet.

How to make a parlay bet

Most sportsbooks come equipped with parlay cards. These are long and narrow cards that look similar to lottery tickets. All a player needs to do is fill in the circle that corresponds with the bets they want to include in the parlay, then visit the counter to place the wager.

Many types of parlay cards are available especially during football season and may also include proposition bets.

Players can skip the card altogether and go directly to the counter, tell the attendant which games or totals they want to wager on, then pay the amount they wish to bet.

Placing a parlay bet online or through an app works the same way. Because of the popularity of parlay cards, many online books are set up to mimic the ease and readability of such cards. If they don’t offer a card to fill out, they feature an easy-to-find “parlay” button that allows the player to add the series of wagered outcomes to the parlay.

Different types of parlays

The most common parlay type is the standard parlay we’ve covered. You take a series of two or more regular bets, then tie them together into a single wager. There are, however, two other ways to do parlays that increase the odds of success for the player.

The first is a round robin, which is a simpler way to set up multiple parlays. A player could bet each parlay separately, but with a round robin bet, they save the time and hassle. They can also cover themselves if they aren’t sure which games to tie together.

Example: A player loves the Lakers (-4.5), Warriors (-8.5) and Nuggets (+2.5) as potential plays. Instead of having to create each of the three possible parlays or choose the parlay they like the most, the player can bet these as a round robin.

The sportsbook then takes these three teams and automatically creates the following parlays:

  • Lakers and Warriors
  • Lakers and Nuggets
  • Warriors and Nuggets

The player must pay three times as much to place the bet because each of these combinations comes with a cost. However, the bet’s potential payout is also higher.

Some sportsbooks put a cap on the total number of teams or size of the combinations that a player can put into a round robin, while others allow gamblers to be limited only by their imagination and the amount they’re willing to wager.

The other parlay type is a teaser.

This is a parlay that allows the bettor to move the point spread on multiple games. Most popular for NFL bets, teasers offer shifts in the spread by 6, 6.5 or 7 points. The same point total must tease all games in the parlay, but they may go in different directions. A bettor can take the Falcons at -8 and move them to -2 while moving the Bengals from +2 up to +8.

Like all parlays, the more games added to a teaser, the higher the potential payout. However, the more points you shift the line, the lower the overall odds.

Again, keep in mind that the rules of placing teasers can vary between sportsbooks, as can the number of points a spread can shift.

What Is A 1/2 Point Parlay Card

What happens when parlay legs push

How To Play 1/2 Point Parlay Card

One final note on parlays — if a player wagers on a four-team parlay but one of those games pushes (ends in a tie against the spread), the bet automatically reverts to a three-team parlay. The same holds true for baseball parlays for games that get rained out as well as any sport where a game involved in a parlay is canceled.

William Hill 1/2 Point Parlay Card Payouts

If a parlay ends up reverting to a lower number of bets, the odds on which it pays will also revert to the lower number.