A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected. In order for the parlay bet to win, every one of the wagers must win or push (tie). Calculating a Parlay: If the odds in the parlay are not all -110 then the (true) parlay odds are calculated according to the different prices. This is done by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a $10 parlay on 2 selections, with odds of -180 and +250. If your bankroll is limited to just $100, using straight wagers you’d make four separate bets of $25 to win $22.73. If you we’re feeling both lucky and in the mood to gamble, you might instead bet them all together as a four team parlay. Under the parlay option, the stakes would be $100 to win at least $1,000.

A parlay is a type of wager where multiple outcomes are selected. Each of the outcomes must win in order for the parlay to win. Any point spread tie reduces to the next lowest number of teams in the parlay. The odds for the number of teams placed in a parlay are based on the pay table below when the selections (point spreads and totals for football and basketball, games and segments) have a default line of -110. Listed below is the BetMGM/Borgata Online pay table.

All Football and Basketball Parlays
(Point Spreads and Totals all - 110)

2 Teams	+260
3 Teams	+600
4 Teams	+1000
5 Teams	+2000
6 Teams	+4000
7 Teams	+8000
8 Teams	+15000
9 Teams	+30000
10 Teams	+60000
11 Teams	+110000
12 Teams	+200000
13 Teams	+300000
14 Teams	+600000
15 Teams	+1000000

Parlay Odds Selections:

The legs in a Pay Table parlay all must meet the following requirements:

Football, basketball (excluding money lines) and their halves or quarters
Point spread or totals
Default odds that are set at -110.

Maximum payoff on off the board parlays is 10000/1. Acceptance of all parlays is at the discretion of management.

Example 1: The 2-team parlay (See picture below) is a standard parlay paying 2.6 to 1 or 3.6 for 1. Using the Pay Table, $10.00 x 3.6 = $36.00 payout. Pay Table parlays are not calculated using “true odds” (-110 is not .9091 in this case). The Pay Table Multiplier section below explains the way that Pay Table odds are calculated.

PARLAY (2 TEAMS)
1 PARLAY @$10.00
24Jan PRO FOOTBALL
[302] COLTS	-7^1/2-110
22Jan PRO BASKETBALL
[702] BOBCATS	-6-110
Ticket Cost:	$10.00
To Win:	$26.00
Collect:	$36.00
WRIT2 SR_POS2	22Jan18 11:02:40

Pay Table Multiplier

This is the factor that, when used for each leg of a parlay, gives the Pay Table payout. For a 2-team parlay at default odds, the factor is a square root. For a 3-team parlay, it is a cube root, for a 4-team parlay, it is the 4th root of the payout.

The return on a 2-team Pay Table parlay at 2.6 to 1 is 3.6 for one, as the payout. The square root of 3.6 is 1.8974. This is the Pay Table Multiplier for 2-team parlays.

$10 X 1.89736 X 1.89736 = 36.00.

Below is the pay table multiplier which is used as the method to calculate pay table parlays when the default odds are -110.The respective Pay Table Multiplier (shown below) by the True Odds Multiplier of the number (other than -110) minus the True Odds Differential (shown below).

3 Team Parlay Payout

2 Teams	1.89736
3 Teams	1.91293
4 Teams	1.82116
5 Teams	1.83841
6 Teams	1.85693
7 Teams	1.87344
8 Teams	1.87228
9 Teams	1.88536
10 Teams	1.89621
11 Teams	1.89027
12 Teams	1.88409
13 Teams	1.87339
14 Teams	1.86154
15 Teams	1.84786

Non-Pay Table Parlays

We use the term Non-Pay Table parlay when at least one leg does not meet requirements 1 and/or 2 of the Pay Table parlay default odds section above.

Sports like Boxing, Baseball, and Hockey use Non-Pay Table Odds. Football money line bets also use them. The True Odds Multiplier section below explains the way that Non Pay Table odds are calculated.

Example 2: The 2-team parlay below uses the True Odds Multiplier because neither leg meets the Pay Table requirements, so $10 x 1.9091 x 1.9091 (rounded) = $36.45 payout.

PARLAY (2 TEAMS)
1 PARLAY @$10.00
30Jan PRO HOCKEY
[2] CAPITALS	-110
28Jan BOXING
[3605] MAYWEATHER	-110
Ticket Cost:	$10.00
To Win:	$26.45
Collect:	$36.45
WRIT2 SR_POS2	22Jan18 16:26:24

Example 3: The 2-team parlay below uses the Pay Table Multiplier for 105 because it meets all other requirements for Pay Table Odds (see Pay Table Parlays above). Note: The root for the Pay Table Multiplier is based on only the number of legs that meet the requirement. It usesthe True Odds Multiplier for 107 (-1/-120 = .8333) because that leg does not meet requirement 2. Although it is a Football game, it is a money line wager.

$10 x 1.9091 x 1.8333 = $35 payout.

12 Team Parlay Odds

PARLAY (2 TEAMS)
1 PARLAY @$10.00
Jan 08 NFL
NFL WILDCARD PLAYOFFS
[105] FALCONS	+3-110
Jan 08 NFL
NFL WILDCARD PLAYOFFS
[107] STEELERS	-120
Ticket Cost:	$10.00
To Win:	$25.00
Collect:	$35.00
TIMW BODINES T01	5Jan18 09:35:56

Pay Table Non-Default Odds

We use the term Pay Table Non-Default Odds when all legs meet requirements 1 and 2 of a Pay Table parlay: 1) Football, basketball, and their halves or quarters 2) Point spread or totals, but at least one leg does not meet requirement 3 because it hasodds that are not equal to the default odds.

Pay Table Non-Default parlays are not calculated using “true odds” (-120 is not .8333). The True Odds Differential section below explains the way

4 Game Parlay Odds