College Football Parlay Bets
- College Football Parlay Odds
- College Football Parlay Bets Matchups
- College Football Parlay Bets
- College Football Parlay Bets Parlay
We will prepare by starting with the basic college football betting types, including: spread bets, moneyline, totals, parlays/teasers and halftimes. Just like the NFL, college football’s most popular wager is the spread bet. The spread is a type of bet that equalizes the chance of winning a wager (see example below). Generally speaking, a two-team point spread parlay will pay about 2.5/1, while a three-team parlay pays 6/1, a four-team parlay pays 10/1 and a five-team parlay pays 20-1. College Football Picks & NCAA Football Predictions. Picks and Parlays hits the gridiron hard and provides college football picks and predictions for every game on the card each week. Our talented team gives you expert picks on NCAA Football from opening night in August through the bowl season and CFP National Championship game in January.
A parlay is a single bet that links together two or more individual wagers for a high payout. 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.
Are you a sports gambler who likes to get lots of bang for you buck and is ok with assuming risk? Then parlays are for you!
Parlay bets (aka: Accumulators) are wagers in which you select 2 or more point spreads from the day’s card and make a bet that everything you picked will cover the spread.
Traditionally, parlays can be bet from 2-12 teams but some sportsbooks out there are starting to test the waters with parlays up to 15 or more teams.
The attraction to parlays that most bettors have is the ginormous payouts which can be achieved with a very small amount risked. Let’s take a look at a college football parlay payout chart:
CLICK HERE TO BET PARLAYS AT REDUCED JUICE!
| Reduced Juice Odds @ 5Dimes | Regular Parlay Odds | |
|---|---|---|
| 2 Teams | 2.8/1 | 13/5 |
| 3 Teams | 6.4/1 | 6/1 |
| 4 Teams | 13.5/1 | 10/1 |
| 5 Teams | 27/1 | 25/1 |
| 6 Teams | 54/1 | 40/1 |
| 7 Teams | 107/1 | 75/1 |
| 8 Teams | 210/1 | 150/1 |
| 9 Teams | 411/1 | 300/1 |
| 10 Teams | 804/1 | 700/1 |
| 11 Teams | 1,570/1 | 1,100/1 |
| 12 Teams | 3,066/1 | 1,800/1 |
Now let’s take a look at an example of a parlay bet:
Let’s say you pick 5 teams and bet them in a $2 parlay. Let’s say they all win. You have won a $2 wager that pays 25-1 odds which means you have won $50. ($25 for each $1 you bet)
If one of your spreads had not covered, your whole bet would be a loser.
That brings us to another point. A new bet out there is called a progressive parlay. This new wager allows you to bet a parlay and have some losses but the bet still pays out at lesser odds. To read more about them, click here: Progressive Parlays.
Note: In the event of a tie in a parlay wager, the bet reverts to one team lesser. If a two team parlay has a push in it, it reverts to a straight wager at -110 odds.
You may be confused as to what that means. For years it was a battle cry amongst my roommates and me, particularly during football season, and when you got to yell it, chances were you were buying drinks that night. But what does it mean, and what’s a parlay?
What is a Parlay?
A parlay is a type of sports bet in which you combine multiple individual bets (typically 2-10 bets) into one bet or “card.” Combining the bets gives you worse odds to win, but a larger reward for winning. The larger the amount of wagers included in your parlay, the larger the payout.
In order for a parlay bet to win, you must win each individual bet on the card. For instance, let’s say I bet the Patriots, the Ravens and the Texans all to win their games on any given Sunday. If all three win, I will get a much larger payout than if I just bet each game individually. However, if any of those teams lose their bet, the entire card is lost.
The only exception is in the case of a “push,” which is the gambling term for a tie. If one of the games on the card pushes, that wager is removed from the parlay. So, in the case of our three team bet above, if the Ravens tied their game, it becomes a two bet parlay. If the Patriots and Texans then win their games, the bet pays out as a 2 team parlay. The payout will be smaller than if they all three won, but hey, you still win some money!
While the odds of winning large parlays (5-10 wagers combined) are relatively low, they allow you to risk a small amount of money for a potentially large reward. For instance, a 10 team parlay bet purchased for $25 would pay out over $16,000 if you won every game.
Now that you understand the basics, let’s look at what kinds of bets you’ll be pairing together to make your fortune!
Types of Parlays
Over/ Unders
Over/Under bets (or bets on the “total) are wagers made on the total amount of points that will be scored during any given game by both teams. The sports book sets the “line,” which is the number you will be basing your decision on. You bet on whether you think the total amount of points scored will be over or under that number.
Over/Under, or Totals, bets are very common in betting parlays because they allow you to make multiple bets on the same game. A common strategy is to bet which team you think will win, and then parlay that bet with whether you think the game will go “under” or “over.”
So, let’s say your Uncle Tony got a tip that Aaron Rogers has a secret shoulder injury, and it will be difficult for Green Bay to throw the ball. The line is set a 53.5. Plus, they are playing the Browns, so you still think they will still win. You may want to bet Green Bay and the under. So you are betting that Green Bay will win the game, but it may be lower scoring due to the injury, and thus the total points scored by both teams will be less than 53.5.
You may have noticed the half a point I included in the example above. In sports betting these half points are called “the hook.” The sportsbooks use half points for most bets, especially over/unders, which limit the opportunities for a push. They “hook” bettors into one side of the bet or the other.
Point Spreads
Point Spreads, commonly referred to just as “the spread,” are what makes sports betting interesting. Without them, we could all just bet the favored team every week, make a lot of money and break Vegas within a month.
College Football Parlay Odds
A point spread evens the playing field between teams by taking points from the favored team and giving them to the underdog. So, for instance, the Chiefs are playing the Colts in what is expected to be a tightly contested game. The Colts are favored to win by a field goal.
On the sportsbook board, or the betting site, this would look like “Colts -3” or “Chiefs +3,” depending on which side you wanted to bet. So, if you bet the Colts -3, but the Colts win by 1, you actually lost that bet by 2 points. If you bet the Chiefs +3, congratulations, you won!
How many points the underdog gets, or the size of “the spread,” depends on how mismatched the teams are. In the NFL, the spread rarely goes about 13.5 or so, but in sports like college football, you routinely have teams cover 60 point spreads.
While the point spreads themselves add a degree of complication to the bets, there are additional options that can really add to the fun. They’re called Teasers and Pleasers—my heart rate picks up a little just typing those words out for you!
Teasers
As far as I’m concerned, Teaser parlays are the greatest thing to happen to sports betting since the invention of the online casino. A teaser bet allows you to move that point spread that we discussed above in a way that’s favorable to you, the bettor (typically between 6 and 7.5 points). You get less of a payout if you win a teaser parlay, but it does improve your odds of winning.
So, in the example of the Colts and the Chiefs above, we had the Colts favored by 3 points. If you “teased the line” 6 points, then you’d move that Colts spread from -3 to +3.
You add 6 points to the spread that’s already given. Now you have a bet on the team that’s already favored, and now you win your bet whether they win outright as is predicted, or if they lose by less than 3. I like your chances!
What’s even better is that you don’t have to just tease the point spread, you can tease the total or over/under as well! So, if the point spread was 53.5 as it was in our example earlier, you could tease that line all the way down to 46.5 (7 point teaser), and then bet the over. Or, you could bet the under by moving the over/under up to 60.5. Like taking candy from a baby.
Pleasers
College Football Parlay Bets Matchups
Moneyline bets are the last little wrinkle to parlay betting that we will discuss here. These bets remove the point spread from the equation. It’s a bet based straight up on the winner and loser of the event. It’s you saying “I don’t care about all those numbers and that other mumbo jumbo; I think my team is going to win and that’s that!”
Moneyline bets can be very profitable if you can predict an upset. However, if you bet the favored team moneyline, the payout will be less. How much less depends on how largely favored the team you bet on is.
College Football Parlay Bets Parlay
You are able to mix moneyline bets with point spread bets on a single parlay, however you cannot mix them with either teaser/pleaser bets. On those cards, if one wager is teased/pleased, you must tease/please them all.