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# How Is A Parlay Calculated?

A parlay is a type of wager in which multiple bets are placed on the same ticket. The bettor must win all of the wagers to win the parlay. If any one of the wagers fails to win, the entire parlay is lost. Parlays are popular among bettors because they offer the potential for large payouts if all of the wagers win.

## How Does a Parlay Work?

A parlay is a bet that consists of multiple wagers. The bettor must win all of the wagers to win the parlay. If any one of the wagers fails to win, the entire parlay is lost. The odds for a parlay are calculated by multiplying the odds of each individual wager. For example, if the odds for each wager is +100, the parlay odds would be +1000.

## Types of Parlays

There are two main types of parlays: standard parlays and progressive parlays.

### Standard Parlays

Standard parlays are the most common type of parlay. They involve two or more wagers that are placed on the same ticket. The bettor must win all of the wagers to win the parlay. The odds for standard parlays are calculated by multiplying the odds of each individual wager.

### Progressive Parlays

Progressive parlays are similar to standard parlays, but involve more than two wagers. The bettor must win each wager in succession to win the parlay. For example, if a bettor places a three-team parlay and wins two of the wagers, the bettor must win the third wager to win the parlay. The odds for progressive parlays are calculated by multiplying the odds of each wager.

## Parlay Payouts

The payout for a parlay is determined by the number of wagers and the odds of each wager. The more wagers in a parlay, the higher the potential payout. The higher the odds of each wager, the higher the potential payout. For example, a two-team parlay with +100 odds for each wager would pay out +200. A three-team parlay with +100 odds for each wager would pay out +300.

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## Parlay Strategies

There are several strategies that bettors can use when placing parlays.

Spread parlays involve betting the point spread on multiple games. For example, a bettor may bet that Team A will cover the spread against Team B, and also bet that Team C will cover the spread against Team D. The bettor must win both bets to win the parlay.

### Moneyline Parlays

Moneyline parlays involve betting the moneyline on multiple games. For example, a bettor may bet that Team A will win against Team B, and also bet that Team C will win against Team D. The bettor must win both bets to win the parlay.

### Totals Parlays

Totals parlays involve betting the total on multiple games. For example, a bettor may bet that the total score of Team A vs Team B will be over 50, and also bet that the total score of Team C vs Team D will be over 50. The bettor must win both bets to win the parlay.

## Risks of Parlay Betting

Parlay betting can be a risky proposition. The bettor must win all of the wagers to win the parlay, and even a single loss can result in the entire bet being lost. Additionally, the odds for parlays are typically lower than the combined odds of the individual wagers, making it more difficult to win.