The most common type of basketball betting online is a “straight bet,” which is when wagers are on one team against the point spread. In addition, bettors can even add several teams on one bet, known as a parlay. However, you may also combine several teams into one bet. You can add anywhere from two to eight teams on one parlay, where all the teams and totals must cover the point spread.
These are the odds:
- 2 teams: 13/5
- 3 teams: 6/1
- 4 teams: 11/1
- 5 teams: 22/1
- 6 teams: 40/1
- 7 teams: 80/1
- 8 teams: 150/1
Your winnings and bet will be refunded to you in over-the-counter parlays. What kind of money can you expect? Well, for a $50 parlay of two teams, you’d win $130, making your gross return $180. For a $100 parlay of five teams, you’d bring home a whopping $2200.
Something to be noted is that if there is a “push” or a tie, the point spread will go down a notch. What’s a push? It’s when you bet on a team and the winning number is exactly the number you bet. So, say you’re betting that the Miami Heat will beat the Cleveland Cavaliers by over 10 points, but then they win by exactly 10 points. You haven’t won or lost. It’s simply a push.
What does this all mean? Basically, if you partake in a four-team parlay, and there are three winners and one push, it goes down to a three-team parlay. Similarly, if you’re betting on an eight-team parlay, and there’s one push, it becomes a seven-team parlay. However, over-the-counter parlays may play out a little differently for parlay card payouts and rules.
If there’s a wagering tie, a two-team teaser will become “No Action,” and your money will be refunded to you. If there’s a tie for a three-team teaser, it will become a two-team teaser. Similarly, for a four-team teaser, it will turn into a three-team teaser.
Bet on Sports
