1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Question about Sports Parlay Bets

Discussion in 'The Sports Book' started by YOleven, Jul 22, 2018.

  1. YOleven

    YOleven Tourist

    Joined:
    Mar 10, 2004
    Messages:
    78
    I was wondering if someone might be able to help with a question I have about sports betting, or more specifically, parlay bets. I'm not sure if this is correct, but I've heard that it's possible to place two different kinds of parlay bets...one where all teams on the ticket must not only win but also beat the spread, and another where the teams on the ticket only need to win. So if, for example, I placed a 5 leg parlay bet on college football, with one type of parlay all five teams would need to win AND beat the spread, while with the other type the five teams would just need to win. Obviously, I would expect the former bet to pay off better than the latter.

    If this is the case, what are these two kinds of bets called, and in sports betting terminology, how would I specify which of these two bets I'm wanting to place?

    Thanks!
     
  2. tringlomane

    tringlomane STP Addicted Beer Snob

    Joined:
    Jan 21, 2013
    Messages:
    14,850
    Location:
    Missouri
    Trips to Las Vegas:
    20
    What you're describing sounds like a mix of money line bets for the underdogs (where the team just needs to win) and bets against the spread for the teams that are favorites. You should be able to bet a mix of money line and spread bets on a parlay in theory, but I've never actually tried to do this.
     
  3. abe

    abe Tourist

    Joined:
    Jun 19, 2014
    Messages:
    50
    Location:
    Colorado
    Trips to Las Vegas:
    30
    Your first example is a parlay betting all faves against the spread, hence they have to win and cover. The second is a parlay where you bet all underdogs where they just have to win. As tring said, you can combine both spreads and moneylines along with favorites, underdogs and even the total(over/under). Both are parlays, so no real terminology. Just tell the guy at the desk you want to bet a parlay and then start reading of the bets you want.
     
    • Agree Agree x 1
  4. YOleven

    YOleven Tourist

    Joined:
    Mar 10, 2004
    Messages:
    78
    Thanks for the information. So, to clarify, if I want my parlay bets to be moneyline instead of spread, do I need to specify this when placing the bet? As far as I can recall, there isn't a separate set of the 3-digit red numbers on the sports book boards for moneyline bets and spread bets, so I'm curious if the 3-digit bet numbers are the same for both bets, in which case I would need to specify that I want to play moneyline instead of spread.
     
  5. 93 Octane

    93 Octane Chief bottle washer

    Joined:
    Aug 20, 2016
    Messages:
    2,046
    Location:
    Mississippi
    Trips to Las Vegas:
    37
    You have to vocalize money line or else it will be entered as a spread bet.

    For example

    Hi, I'd like a 5 team $40 parlay

    410
    412 Moneyline
    413 Moneyline
    420
    422
     
    • Like Like x 2
    • Agree Agree x 2
    • Informative Informative x 1
  6. Tex

    Tex High-Roller

    Joined:
    Jul 8, 2017
    Messages:
    867
    Location:
    At a Vegas craps table
    Trips to Las Vegas:
    50
    04063DDD-F645-4CC9-B1DB-861164C7CDFC.jpeg

    Yes you need to specify the Moneyline or you will end up with a bet against the spread since it’s the most common.
    The money line is normally posted out to the far right and the points spread listed as a - next to the favorite and the number below or above that is the over/under.

    Here’s a picture of how to read the board. It’s pro but college reads the same.
    Look at the top left.

    The Vikings are 401. That number will be the same in every sports book that week for the Vikings. Likewise for the Rams at 402. Odd numbers are visitors and evens are home teams.

    The -10 out to the right of the teams is the point spread and the Vikings are 10 point favorites. That means the Rams are 10 point underdogs.
    If you place a bet on the Vikings they need to win by 11 or more for your bet to pay.
    If you take the Rams they just need to lose by 9 or less (or win outright) for your bet to pay.
    If the game was to end with the Vikings winning by exactly 10 the bet is a tie and you get your original bet back.
    The tie (also called a push) scenario above with getting your original bet back only applies to single game bets. If you bet a 5 game parlay (point spread) and 1 of the games ends in a push your parlay reverts to a 4 game parlay payout.

    The number 41 to the right of the Rams is referred to as the OVER / UNDER.
    That’s the sum of the total score for the game with both teams points scored combined. You either bet for more than 41 total points to be scored or less than 41.

    The numbers out to the far right are the MONEYLINE numbers.
    Since Minnesota is the favorite they are listed as a negative. In this case -600. That means on a Moneyline bet you need to bet $600 to win $100.
    For the Rams Moneyline at +400 you would bet $100 to win $400.

    Examples taken from: https://wizardofodds.com/games/sports-betting/
     
    Last edited by a moderator: Jul 23, 2018
    • Informative Informative x 4
    • Like Like x 3
  7. jamesxnj

    jamesxnj VIP Whale

    Joined:
    Oct 12, 2009
    Messages:
    1,718
    Location:
    FL
    Trips to Las Vegas:
    17
    This should be a sticky in the forum for info.
     
    • Agree Agree x 1
  8. Rush

    Rush VIP Whale

    Joined:
    Aug 31, 2010
    Messages:
    2,976
    Trips to Las Vegas:
    76
    This is incorrect.

    The first example the OP gave was a point spread parlay. This means the spread is used. Doesn't matter if it is favorites, dogs, or a combination.

    The second example is a moneyline parlay. Payoffs are dependant upon the odds to win. Three teams favored at -200 each, would pay far less than three teams at +150.
     
    • Agree Agree x 4
  9. Odelay77

    Odelay77 Low-Roller

    Joined:
    Apr 27, 2012
    Messages:
    190
    Location:
    Champaign, IL
    Trips to Las Vegas:
    8
    CAN you combine a point spread/total and money line bets into a single parlay? I never knew that this is possible. I have no idea what kind of payout would result from something like that.
     
    Living the suite life on our anniversary trip!
  10. 93 Octane

    93 Octane Chief bottle washer

    Joined:
    Aug 20, 2016
    Messages:
    2,046
    Location:
    Mississippi
    Trips to Las Vegas:
    37
    Yes you can however you cant combine the spread and ML for same team on a single parlay

    For example

    418 under 43.5
    420
    438

    Valid parlay

    418 under 43 5
    420
    420 ML
    438

    Invalid parlay because of betting point spread and moneyline on 420.
     
    • Informative Informative x 1
  11. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

    Joined:
    Jul 11, 2010
    Messages:
    9,728
    Location:
    Tennessee
    Trips to Las Vegas:
    50
    You also cannot parlay a first half line with the line for the entire game. Only other restriction I can think of, you cannot parlay prop bets
     
    • Agree Agree x 1
  12. jimboguy

    jimboguy My sloppy joe is all sloppy and no joe.

    Joined:
    Nov 15, 2010
    Messages:
    1,879
    Location:
    Salt Lake City, UT
    Trips to Las Vegas:
    45
    I've been declined the option of having a parlay ticket that included a Money Line bet and an Over/Under bet from the same game.

    Tex's post is excellent.
     
    My Favorite Holiday
    • Agree Agree x 1
  13. Tex

    Tex High-Roller

    Joined:
    Jul 8, 2017
    Messages:
    867
    Location:
    At a Vegas craps table
    Trips to Las Vegas:
    50
    I noticed a mod edited my post above with a link.
    I didn’t get that pic from there. Pulled it off google image. What a coincidence though.
     
  14. OhioStateAlum

    OhioStateAlum Low-Roller

    Joined:
    Sep 26, 2011
    Messages:
    453
    Trips to Las Vegas:
    11
    I do some light sports betting when in Vegas so I should know the answer to this, but this thread got me thinking.

    Let’s say
    101 Alabama -9.5 -600
    102 Auburn 45 +400

    Could one parlay the ML on 101 and spread on 102?
     
  15. Rush

    Rush VIP Whale

    Joined:
    Aug 31, 2010
    Messages:
    2,976
    Trips to Las Vegas:
    76
    No.
     
  16. BillDonovan

    BillDonovan Tourist

    Joined:
    May 20, 2012
    Messages:
    28
    Trips to Las Vegas:
    45
    Don't forget the Parlay Cards, for a beginner at doing parlays, sometimes these are easier. But they can be frustrating, as those parlay cards are printed in advance & usually don't show up until Wedneday or Thursday during football season, and when the lines on games change too much from what is printed on the cards, then the sportsbooks will put up a sign saying what selections are now OFF the cards. If you don't see the sign, and you have one of those teams on your parlay, then they won't accept your parlay bet, and you have to redo it.
    Which is why everybody wants to move to online sports betting, using an app, so that the fluid changes in the lines are more accurate.
     
  17. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

    Joined:
    Jul 11, 2010
    Messages:
    9,728
    Location:
    Tennessee
    Trips to Las Vegas:
    50
    Yeah, but do the cards offer multiple sports. Its been years since I looked at one of the cards, but when I did it was only football
     
  18. rooster42000

    rooster42000 Patriots #1

    Joined:
    Aug 8, 2012
    Messages:
    799
    Location:
    Miramar , Florida
    Trips to Las Vegas:
    50
    I never seen a card with multiple sports.
     
  19. BillDonovan

    BillDonovan Tourist

    Joined:
    May 20, 2012
    Messages:
    28
    Trips to Las Vegas:
    45
    Have seen cards at the William Hill Books that have multiple sports.
     
  20. TheBlackjackKing

    TheBlackjackKing Low-Roller

    Joined:
    May 13, 2016
    Messages:
    154
    Location:
    Philly
    Trips to Las Vegas:
    12
    You can parlay multiple sports, however the bets usually have to be the same time. you usually cannot parlay "spreads" with "ML". I've seen it done online a few times I believe. But in Vegas, I don't think so, you can try calling the sportsbooks and ask them