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Parlay cards are a fancy way of saying bet slips for group wagers in a retail format. Positive odds give you a larger payout based on the calculations. The more legs you include, the higher the odds will be in your parlay. Another benefit of parlay betting is that your success rate can be lower, but you can still win more money.

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While low-margin bookmakers like Pinnacle have EVs of around -$0.20, it’s not uncommon for typical bookmakers to have an EV of -$1.00 – for every $10 stake you would be likely to lose a $1 . Calculate the potential winnings for each outcome by multiplying your stake by the decimal, and then subtract the stake.

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