BASKETBALL PARLAY BETTING

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NBA & COLLEGE BASKETBALL - Parlay Betting

Definition

A parlay, also known as a combo bet, is a "selection of two or more wagering outcomes". All of the teams wagered on must win for the play to be active. If any one team loses, the entire wager is lost altogether. You may combine different sports, pointspreads and moneylines in win/loss and/or totals betting. You may also buy points in betting a parlay. If there is a tie or cancellation, the parlay reverts to the next lowest number. For example, a 3-team parlay becomes a 2-team parlay. In the event of a tie in a 2-team parlay, the play becomes a straight bet. A "Combo" is the same as a parlay, except this term is used more commonly in soccer. A "Combo" bet is simply more than one selection from the games listed - usually from the soccer leagues. As in a parlay, you need to predict the result after 90 minutes of play (golden goals and overtime goals do not count) of all games that you pick. Ties reduce.

Payouts

Fixed Odds (No moneylines)

In fixed odds bets, the odds are fixed at standard odds -110 or 10% juice ($110 bet winning $100). The fixed odds are set according to the chart below and only apply to football and basketball pointspreads or totals. All the picks must have standard odds. If any of the picks involve other sports, Moneylines, Buy Points or off-standard lines (-115, etc.), then the parlay becomes subject to True Odds.

True Odds

To calculate the true odds payoff, simply convert the moneyline or odds to a multiplier (by going to the calculation table), and then multiply your bet by the product of the multipliers. For example, if you make a $10 parlay on two picks with true odds of -140 converts to 1.71 and odds of +120 converts to 2.20. Therefore, your payout is as follows: 10 x 1.71 x 2.20 = $37.62. Note that this payout includes your original wager, so the net win in this example would be $27.62.

Parlay Betting Rules

1. A tie in a parlay reduces the number of plays in the parlay. For example, if a 4-play parlay has two ties, then it will become a 2-play parlay and the payout will be recalculated based on the new number of plays. A 2-play parlay with one tie will reduce to a straight bet. In the case that a parlay is reduced to zero plays, the entire wager will be cancelled and the whole bet amount refunded.
2. All propositions must cover for the parlay to be considered a win (exception: ties reduce, see above). If any proposition loses, the entire parlay will be considered a loss. There are no partial payouts.
3. Games not played on the date specified are considered "No Action" and reduce the parlay to the next lowest number of plays. For Example: A 6-play parlay will be reduced to a 5-play parlay, a 2-play parlay will be reduced to a straight wager. Payouts are adjusted accordingly.
4. The maximum number of same game event segments that can be combined in a single parlay is 4:
* Any segment Over
* Any segment Under
* Any segment Team A
* Any segment Team B

For example, If the Seahawks are playing the Dallas Cowboys and you wish to wager on the Dallas Cowboy 1st Half, but wish to parlay this with other segments from the same game, the 1st Half cannot be parlayed with any other Dallas play for that game (Game, 1Q-2Q-2H-3Q-4Q), however can be parlayed with Over 2Q and Under 3Q. A valid parlay could look like the following:
* Dallas 1st Half
* Seahawks 3rd Quarter
* Over 3rd Quarter
* Under 4th Quarter

An invalid parlay would look like the following:
* Dallas 1Q with Dallas 2Q with Dallas 1H
* or Over 1Q with Over 2Q with Over 1H

How to Place a Parlay

1. Choose the first sport/event type you want to bet by clicking on the sport/event type link on the sportsbook schedule. A list of available events will be displayed, along with the types of wagers you can make on that event.
2. Choose the wager you would like by clicking in the check box next to one of the available wager types then click "Add to Picks". The pick will be displayed in the "My Picks" panel above the schedule
3. Choose the second wager you would like by clicking in the check box next to one of the available wager types then click "Add to Picks". The pick will be displayed in the "My Picks" panel above the schedule. (Use Event Schedule menu to change the sport/event type if the second pick is from a different sport/event type)
4. Repeat step 3 for each wager you want to parlay.
5. You should now see the list of wagers in the "My Picks" panel. Make sure you have a check in the box next to each event you want to parlay and click the "Parlay" button above the events. The Enter Bet Amount screen will be displayed. (You will be asked to login if you have not already done so.)
6. Enter in the desired risk or win amount and click "Next". The Confirm Bet page will be displayed.
7. Confirm you have the correct team and bet amount then select "Confirm Bet". The Bet Placed page will be displayed.
8. Wager has been confirmed and accepted by Bodog. Make a note of your Wager Reference Number for future reference.

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