A three-team NFL parlay wager has odds of +600 (Risk $100 to win $600) with a probability of 14.29%. In contrast, a standard two-pick parlay involving an NFL point spread or total pays out at +260 odds (Risk $100 to win $260).Ī two-pick parlay has an implied probability of 27.78%. A parlay with three NFL spread legs is more difficult than winning a three-leg money line parlay involving 7-to-10-point favorites.Ī single wager on the spread or total typically carries odds of -110 (Risk $110 to win $100) with an implied probability of 52.38%. Some parlays are more difficult to achieve than others. Math Behind Spread Parlays – Strategy to Spread Parlay Bets Looking for free picks to practice your parlay strategy? WagerTalk offers free NCAAB picks, free NCAAF picks, free NBA picks, and much more, all year long. However, the risk is also higher because all the bets must win for the parlay to payout. The appeal of parlay betting is the potential for a high payout if all the individual bets are successful. Time to learn about the best parlay betting strategy and multiple approaches to parlay betting- don’t go into parlay betting blindly – rely on knowledge, not optimism!Ī parlay bet is a single wager that combines two or more individual bets into one.

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