12 Team Parlay Odds
Calculating a Parlay: If the odds in the parlay are not all -110 then the (true) parlay odds are calculated according to the different prices. This is done by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a $10 parlay on 2 selections, with odds of -180 and +250. To get the parlay odds for our three-leg wager we now need to multiply these odds together. 3.00 x 3.50 x 1.63 = 17.12. To discover what the American odds for this parlay would be we need to convert it back by multiplying by 100 and then subtracting 100.
Dec 25, 2017 Over the course of the 12 team parlay, the improved odds added a lot of value to the total win. The average odds handed out by sportsbooks for an 11-team parlay is estimated to be roughly 1,100/1.
Are you a sports gambler who likes to get lots of bang for you buck and is ok with assuming risk? Then parlays are for you!
- The total odds of your parlay are determined by the individual odds of your bets. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. Otherwise known as ‘Pick em’ markets. Find out your 12 team parlay odds or 15 team parlay odds with our free parlay calculator.
- A difference between a straight bet that loses and a parlay that loses is that the parlay does not have any juice attached to it. Casinos and bookies want to attract as much action as possible on parlays; as incentive, a $100 parlay that loses will only cost the gambler $100, no matter if it is a 2-team or a 3-teams.
Parlay bets (aka: Accumulators) are wagers in which you select 2 or more point spreads from the day’s card and make a bet that everything you picked will cover the spread.
12 Team Parlay Odds Chart
Traditionally, parlays can be bet from 2-12 teams but some sportsbooks out there are starting to test the waters with parlays up to 15 or more teams.
The attraction to parlays that most bettors have is the ginormous payouts which can be achieved with a very small amount risked. Let’s take a look at a college football parlay payout chart:
CLICK HERE TO BET PARLAYS AT REDUCED JUICE!
| Reduced Juice Odds @ 5Dimes | Regular Parlay Odds | |
|---|---|---|
| 2 Teams | 2.8/1 | 13/5 |
| 3 Teams | 6.4/1 | 6/1 |
| 4 Teams | 13.5/1 | 10/1 |
| 5 Teams | 27/1 | 25/1 |
| 6 Teams | 54/1 | 40/1 |
| 7 Teams | 107/1 | 75/1 |
| 8 Teams | 210/1 | 150/1 |
| 9 Teams | 411/1 | 300/1 |
| 10 Teams | 804/1 | 700/1 |
| 11 Teams | 1,570/1 | 1,100/1 |
| 12 Teams | 3,066/1 | 1,800/1 |
12 Team Parlay Odds
Now let’s take a look at an example of a parlay bet:
Let’s say you pick 5 teams and bet them in a $2 parlay. Let’s say they all win. You have won a $2 wager that pays 25-1 odds which means you have won $50. ($25 for each $1 you bet)
If one of your spreads had not covered, your whole bet would be a loser.
That brings us to another point. A new bet out there is called a progressive parlay. This new wager allows you to bet a parlay and have some losses but the bet still pays out at lesser odds. To read more about them, click here: Progressive Parlays.
Note: In the event of a tie in a parlay wager, the bet reverts to one team lesser. If a two team parlay has a push in it, it reverts to a straight wager at -110 odds.