Want to follow top Vegas experts, insiders, and former bookmakers telling you who they're picking for NFL, NBA, golf, soccer, college sports and more? Interested in seeing the results of 10,000 simulations for every game with spread, total and moneyline picks from the SportsLine Projection Model? Join SportsLine now to get access to Vegas expert picks, computer simulations, fantasy tools and more! How to bet on sports betting parlays

Find out how much you'll win on any parlay by heading to the SportsLine Parlay Calculator. Our parlay calculator will combine up to 25 picks and calculate your payout based on your bet amount and the odds for each pick. For example, if you want to take two significant -240 favorites to win their games regardless of point spread, joining those favorites together in one parlay would pay out about $100 for every $100 bet if both win, rather than requiring either a larger stake ($240 to win $100 on either of those two sides) or a smaller payout for each bet separately (each $100 wagered on a -240 favorite would deliver a profit of about $42 if the bet wins). The odds for a parlay also shift if bettors include other types of bets with varying 'juice' outside the -110 to -115 range, such as moneyline wagers. If you put $100 on a two-team parlay and win, your profit will be $260 for a total return of $360. Even so, the potential for winning more than the initial investment has proven irresistible to most sports bettors. The true odds on a three-leg against the spread parlay are 9-to-1, though the standard payout is 6-to-1. For instance, the true odds on a standard two-team against the spread parlay are 4-to-1, but most betting outlets pay 2.6-to-1 on the wager. Sportsbooks welcome parlays because of their significant house edge. For instance, if you pick five teams on a parlay to cover the spread and those picks go 4-1, the bet is a loser. Sports betting parlays involve the selection of two or more propositions on a single wager, with each separate portion of a parlay called a 'leg.' All legs of a parlay must win for the bet to become a winner. It's a widespread belief that parlays are mostly done by novice sports bettors, but experienced handicappers are known to play them as well. Parlays are popular wagers among bettors because of the appeal of potentially winning a hefty sum with a minimal investment.

Is parlay betting worth it