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Betting basics · 6 of 36
Parlay
In one line: Several bets combined into one ticket. Every leg has to win, and the payouts multiply.
Worked example
Three legs at -110, +120 and -150, with a $25 stake. The decimal prices are 1.909, 2.20 and 1.667. Multiplied together they give 7.00, which is +600. A $25 stake pays $175, a profit of $150, if all three legs win. If the -150 leg loses, the whole $25 is lost.
Illustrative prices, not a live quote.
What it is
A parlay combines two or more bets, called legs, into one ticket. Every leg has to win for the ticket to pay, and the payouts multiply.
Each leg adds to the payout and to the chance that the ticket loses. One missed leg loses the whole ticket.
How to read it
Multiply the legs' decimal prices to get the ticket's decimal price. Multiply your stake by that number for the payout, then subtract the stake to get the profit.
A boost raises the profit on the whole ticket by a set percentage.
How it shows in Antic
The Parlays tab builds tickets from fairly priced legs, led by legs with a +EV price. It takes the best price across your books for each leg. You choose the number of legs, from 2 to 10, a minimum price, and a boost of up to 200%.
Calculators has a Parlay tool that multiplies the odds you enter and shows the payout, profit and implied chance. The bet slip on the Odds Screen adds a leg only when Antic has a real no-vig price for it. Antic never places bets.
Common mistakes
Adding legs for a bigger payout without counting the risk. Each extra leg lowers the chance that the ticket wins, even when each leg looks likely on its own.
Forgetting that one missed leg loses the whole ticket, even when that leg lost by a point. If betting stops being fun, call 1-800-GAMBLER.