Im looking for a book that offers a parlay where for example you could parlay x amount of teams, lets say four for example and still have a return if only three of them win (less of a return than if all four win of course). does this exist, if so what books have it and what is it called?
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betgameday does something like this but i think its only on 5 6 7 teamsComment -
is it available for betting on the moneyline or only on the spread?Comment -
only on the spreadComment -
This is called a round-robin and is represents a collection of multiple parlay bets. Most books offer this betting option.Originally posted by pmhueg
The specific bet you're describing would be a 4-game round-robin with a parlay size of exactly 3. This represents 4 separate 3-team parlays.
Assuming true parlay odds, all 4 lines individually offered at -110, and a wager of $1 on each parlay (a $1 "notional" bet), then if all 4 bets (games) won, your total win would be $23.83. If exactly 3 bets won, your total win would be $2.96 and if 2 or fewer bets won then your total loss would be $4 (the maximum loss possible with this particular round-robin).
It might be helpful to check out the the round-robin calculator posted here.Comment -
I have also seen some offers on "near-miss" parlays that pay when you lose/tie just one of your selections. However, the payouts are reduced when you hit them all. It is a nasty way to build in extra juice.
Unless you have a special reason in mind, you're better off avoiding parlays, and sticking to straight sides.Comment