WHAT IS PARLAY BETTING?
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What is a Parlay?
A parlay involves betting on two or more outcomes at once and combining the bets into a more involved wager with escalating returns. All bets on the parlay must win for the entire bet to be a winner. Parlay betting is available on both pre-game and live events (or a combination of both).
How do I place a Parlay?To place a parlay, simply follow the instructions below:
Step 1: Navigate to an event you wish to bet on and add a selection to your betslip by clicking on it.
Step 2: Navigate to another event you wish to bet on and add another selection to your betslip by clicking on it. Repeat this process for any additional legs/selections.
Step 3: Click into your betslip (by clicking the red banner at the bottom of your screen) and review/edit your selections.
Step 4: If you are happy with your bet, enter your wager amount and place your bet.
Parlay bet exampleConsider a bettor who makes a 3-leg parlay containing the Team X moneyline at -175 odds, the Team Y moneyline at +140 odds, and the Team Z spread at -6 with -110 odds. A $1 bet on this parlay would result in a profit of $6.20 (for a total return of $7.20 — original stake plus winnings). However, that’s assuming all three legs hit; if Team X and Team Y both win but Team Z fails to cover the 6-point spread, the parlay would not be a winner.
What is the maximum amount of legs I can parlay?The maximum amount of legs allowed in parlays is 20. You will not be able to enter any more legs once you reach this amount.
Can I place a parlay using live events?Yes, we have live parlays available. Simply visit the 'Live' page and add the desired markets to your bet slip to create a parlay as you would with pre-match markets.
What markets are not allowed to be placed in a parlay?The below are scenarios or markets that are not allowed to be placed in a parlay.
- Correlated Parlays (I.e. – Ravens to win a game and Ravens to win the NFL Championship)
- Booster Odds Markets
- Name A Bet Markets
Want to create a parlay with several markets from the same event? Check out Same Game Parlay tab.
Why am I getting an error message saying 'parlay exceeds maximum odds'?When you receive this error message it means the odds on your parlay have exceeded the maximum odds we would accept (+500000). You will need to subtract a leg(s) of the parlay in order to get under this maximum and have the bet go through.
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What is a Quick Parlay?
A Quick Parlay is the fastest way to build a traditional fixed-odds parlay across all your favorite sports. Navigate easily across all available games and leagues to start building your bet slip!
How do I place a Quick Parlay?To place a quick parlay, simply follow the instructions below:
Step 1: Navigate to the Quick Parlay tab in the left-hand side menu.
Step 2: explore all available fixed-odds bets across NFL, MLB, NHL and more.
Step 3: Start adding legs to your betslip.
Step 4: When you're happy with your bet, review your betslip.
Step 5: Add your wager amount and place your bet.PRO TIP: Select the 'Profit Boost' icon to use your daily Parlay Profit Boost and supercharge your odds (increasing your profits) – eligible clients' tokens will reset every 24 hours. Daily profit boosters do not rollover, so use yours once a day, every day!
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What is a Same Game Parlay?
Same Game Parlays (SGP) are a type of bet that allows you to combine numerous outcomes (or legs) from the same event. All legs must then be successful for the SGP to be a winner.
Which sports can I place a Same Game Parlay on?SGPs are available on all NBA, NCAAB, MLB, ARL & NRL games (with more league options on the way!) SGPs are available in both pre-game and in-play matches.
How do I place a Same Game Parlay?To place a same game parlay, simply follow the instructions below:
Step 1: Navigate to the sport > league > event you are interested in betting on.
Step 2: Select the 'Same Game Parlay' option in the middle of the top navigation menu.
Step 3: Locate the markets you wish to include and click on them to start creating your SGP.
Step 4: Once you are happy with your added legs, review your betslip and enter your wager amount.
Step 5: Click the Place Bet button and confirm your bet.
PRO TIP: Select the 'Profit Boost' icon to use your daily SGP Profit Boost and supercharge your odds (increasing your profits) – eligible clients' tokens will reset every 24 hours. Daily profit boosters do not rollover, so use yours once a day, every day!
Need more help? Get in touch.
Call: 1-833-441-1940
Live Chat: Scroll to the bottom of your PointsBet app and click 'Live Chat'
Email: customercare@pointsbet.ca