Hero Mobile Baseball MLB Parlay

MLB Parlay Betting Explained

With 30 teams playing 162 regular season games, you’re never short of MLB parlay betting picks. A parlay is the bet you make when you wager on the outcome of two or more games in single bet. Their advantage is that the odds increase as you add games, or legs as they’re called. It’s a riskier bet, but one with the chance of much higher payouts.

What is MLB Parlay Betting?

MLB parlay bets are made up of two or more bets combined into one. Each individual bet is considered a ‘leg’ of the parlay. The more legs you have in your parlay, the more you can win because each bet’s odds are multiplied together.

Legs can include picking the winner, the over/under, or the run line. There may be other options as well depending on the sportsbook you are betting with.

Bet on each leg individually and your chances of winning are higher, but you win less. Combining them all into one bet – a parlay – will mean your odds increase, and although the bet is harder to win, the pay-out is greater. However, if you lose one leg you lose the wager. So, while the reward is greater with MLB parlay bets online, so is the risk.

How to Place an MLB Parlay Bet

Let’s say you decided to make a three-leg MLB parlay bet by picking the winners of three games. You take the Miami Marlins to beat the Toronto Blue Jays (-122), the New York Yankees to beat the Tampa Bay Rays (-148), and the Philadelphia Phillies to beat the Washington Nationals (-148).

If all three win, a $100 wager would result in a pay-out of $410.94 (use our bet calculator to see how much you would win using a different stake).

An MLB parlay betting strategy where you pick favorites to win in each leg will result in less of a pay-out then if you had bet on an underdog or two. But had you bet on each game individually in this example, you would have had to risk $100 on each game to win a total of $217.11. That’s a $193.83 difference in pay-out.

MLB Parlay FAQs

Are parlay bets worth it?
Is it smart to bet parlays?
How to calculate parlay odds?
Can you parlay MLB prop bets?

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