Like a Patrick Mahomes bomb, the parlay betting rabbit hole goes pretty deep. In a parlay wager, if any single bet in the chain loses, you lose the entire thing. The downside, of course, is that if you place the three bets individually, you don’t lose all your money if any of the three bets loses. Even if you only wager $100 on this parlay, if it wins, you’d get $304.02 (per Bovada’s parlay pricing). However, if you combine your choices into a three-bet parlay, the payout is $912.07. That means that if you win, a $300 total bet would result in winnings of $178.12. Let’s say you want to bet $100 on the favorites in each of these three games.

Seattle Seahawks -170 at Los Angeles Chargers +150.

San Francisco 49ers +165 at Kansas City Chiefs -190.

Chicago Bears +130 at Indianapolis Colts -150.

Consider the following three NFL straight moneyline bets:

This is because you have a much lower probability of winning a parlay than of winning any of its constituent legs. Additionally, we’ve also included our recommended list of the best NFL prop betting sites, so you can see all the proposition wagers offered for yourself.Ī parlay bet’s payout will always be higher than the sum of the payouts for all the individual bets that make it up. To get you in shape for NFL prop betting this season, we’ve provided examples, and a detailed explanation for each type of prop bet you’ll encounter when legally betting on NFL football this year. Just be sure to familiarize yourself with the various definitions and parlay strategies on this page, because nobody wants to be flagged for a false start! Because they’re considered one of the advanced NFL bet types, parlays are not recommended for first-time bettors, but if you already understand NFL gambling basics, you should give them a try. Parlays are sometimes referred to as chain bets or joint wagers.Īssembling a winning parlay ticket is equal parts art and science.

In the simplest terms, a parlay bet is just a series of individual bets put together on a single ticket. However, that doesn’t mean they’re very complex or difficult to understand, either. When it comes to betting on professional football, NFL parlay bets are not as simple as other NFL bets.

Parlay betting online