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Parlay Betting Explained

How parlays are priced, what each extra leg does to your odds and your probability, and how to work out what a slip returns before you place it.

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Parlay Betting

How to Calculate Parlay Payouts

Parlay payouts look generous until you notice that the sportsbook's margin is applied to every leg and then multiplied. Here is the arithmetic, and what it costs.

Updated 5 min read

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