Parlay
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Bet Breakdown
| Bet Type | Total Bets | Total Won | Total Placed | Total Lost |
|---|---|---|---|---|
| Total | 0 | 0 | 0 | 0 |
What is an Parlay Bet?
An Parlay bet consists of a bet on 4 or more selections taking part in different events all of which need to win in order to generate a return. It is often named after the number of selections that have been chosen in a bet e.g. Four-Fold, Five-Fold, Six-Fold etc.…
How many bets are in an Parlay Bet?
There is one bet across 4 or more selections in an Parlay
How does an Parlay Bet work?
Following the first bet win the return is rolled on as the stake for the next bet in the selection. Each resultant win continues the rollover of the return as a stake. All bets across the selection must win to see a return from the bet
How do you calculate an Parlay Bet?
To calculate an Parlay Bet assume the stake is $10 across a 4 fold (selection) Parlay Bet. Bet 1 is a 3/1 Single Bet. A win equals $40 return ($3 return for every 1 pound staked plus the stake returned). Bet 2 is a 2/1 Single Bet using the return of bet 1 as the stake. A win equals a $120 return ($2 return for every $1 staked = $80 profit plus the $40 stake) Bet 3 is a 3/1 Single Bet using the return of bet 2 as the stake. A win equals $480 return ($3 returned for every $1 staked = $360 profit plus the $120 stake) Bet 4 is a 3/1 Single Bet using the return of bet 3 as the stake. A win equals a $1,920 return ($3 returned for every $1 staked = $1,440 plus the $480 stake)