The formula for expected value is: EX = x1p1 + x2p2 + x3p3xkpk. Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds. citation needed Column 1 = number of individual bets in the parlay. When placing a parlay bet online, the bet slips automatically calculate your combined parlay odds, and the potential payouts once you have entered your stake. Types of parlay bets The most popular types of parlays are Against the Spread Parlays and Teasers but you can parlay many different types of bet and even a mixture of bets in the same parlay. NOTES: In the event that a three-or-more-team parlay results in a tie, it will reduce the wager to the next lowest payoff. For example, a four-team parlay will become a three-team parlay, and a three-team parlay will become a two-team parlay. For wagering purposes, two-team parlays where there is a tie will be paid off as a straight wager.

The Parlay Kitchen + Cocktails is an American Gastropub serving modern cuisine of handcrafted recipes, a unique selection of craft cocktails, and a diverse beer & wine selection. We have a beautiful wine room and display, offer a large private room with its own bar, and a premiere selection of handcrafted food options.

Enjoy our best small bites, shareable starters and favorite drink specials everyday during happy hour.

7 DAYS A WEEK from 3pm-6pm

Chandler’s best private space for any celebration or event.

Event Parlay

Event Lost Parlay

Event Mix Parlay

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