One of most popular betting options for sports gamblers is the exotic wager known as the parlay. These sports betting wagers are quite enticing to both new and more experienced bettors, as you can risk as little money as possible and receive a high reward. With roughly 10 to 15 MLB games played a night, the parlay is a great way to bet on your favorite teams. Here is a guide on how to bet parlays.

Parlays are defined as a bet placed on two or more teams in multiple games, where you can only win if all of the teams win. For example, if you bet on five different baseball games, you need all five teams you picked to win their games in order to win the bet. If four of the five teams win their games, your bet is considered a loss.

For the reason that this article is designed to help new bettors, we suggest only betting parlays if you are going to use the money line. The money line has no fixed odds, as the results are dependent on the play of each individual team you decide to take. What’s more, because the money line parlay has no fixed odds, the sportsbook will take the amount of money placed on team in the bet, and recalculate accordingly. Here is how it appears.

A bettor takes the Blue Jays at +160 and the Philadelphia Phillies at – 130. The bettor then places $10 on the Jays which will turn into $26 if the Jays win. The $26 will then be placed on the Phillies – 130 which will then turn into $46 if the Phillies win. However, if the bettor used a point spread instead of money line, they would have only made $36, since the Phillies didn’t have very good odds.