The following table illustrates how the chances of winning parlays compares to the payouts received as the number of bets is increased (assume each bet comes at the standard -110 juice and has a 50% chance of winning).Ĭomparing the percentages may not do justice to the difference between the implied and true probabilities at first glance.
While the payouts are certainly appealing, they’re not as high as they should be given the true chances of a given parlay winning. Mathematically speaking, it’s usually not a good idea to bet parlays.
