Arena
Parlays
A parlay combines two or more bets into one ticket. Every leg has to win for the ticket to pay, and when it does, the payout is the product of the legs' prices, so a small stake can return a large amount. The catch is that the book's margin is multiplied too: each extra leg makes the ticket pay more and cost more.
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Newest in Parlays
PaddockGhost Leg Parlay: How Pushes and Voids Reprice a Ticket
Paddock3 Leg Parlay Rules: How Payouts, Pushes and Voids SettleHow is a parlay payout calculated?
Convert each leg to decimal odds and multiply them together. Two legs at -110 are each 1.909 in decimal, so a two-team parlay pays about 3.64 times the stake. Three legs at -110 pay about 6.96 times. The same multiplication applies to the probabilities, which is the part the payout hides: if each leg carries a few percent of margin, a three-leg ticket carries roughly three legs' worth of it.
Why do parlays cost more than straight bets?
Because the margin compounds. A single -110 bet needs about 52.4% to break even. A three-leg parlay of -110 legs needs each leg to win far more often than a coin flip, and the ticket as a whole is priced further from fair than any one of its legs. Parlays are not a trap by definition, but they are always a more expensive way to bet the same opinions, and the books' marketing rarely says so.
What happens when a leg pushes or is voided?
It depends on the house rules. At most books a push or a void drops that leg and the ticket is repriced on the legs that remain, so a three-leg parlay becomes a two-leg one at a lower payout. Some books handle ties, postponed games and same-game parlays differently, and some cap the total payout of any single ticket. These rules are published, and they decide what your ticket is actually worth when something goes sideways.
How does SpeedBet cover parlays?
We work through the payout and the true probability leg by leg, quote the book's own settlement rules, and show where the margin builds. We do not build tickets for you and we never call a lock.
Where should I start?
Read 3 leg parlay rules for the payout and margin maths on a standard ticket, then the ghost leg parlay for what pushes and voids do to it. Teasers are a cousin of the parlay with moved lines; the teasers hub explains when that trade is worth it.