The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. As you might expect, your chances of winning this bet in some cases is greater. The payoff, however, is very small. For every $2 you bet on a horse to show, you can expect an average return of $0.40 to $0.60 cents!

What is a Show Bet?

When you bet to show your horse must finish first, second or third in order for you to cash a ticket.

The problem with show betting is that while your risk is reduced (you cash a ticket if your horses finishes anywhere in the top three positions), the payoffs are often very small when compared to win or place betting. This is because the show pool (all money wagered to show on a race minus the track takeout) must be divided equally and paid out to the holders of show tickets on the first three finishers in a race.

Additionally, the payoffs on show bets are dependant on which horses finish in the top three positions. If the favorites run out of the top three positions, the show payoffs will normally be higher than if the favorites finish in the first three positions.

There are a few situations, however, when show betting can be either justified or just plain fun.

The first situation occurs when a race includes one short-priced favorite and ALL other runners in the race are longshots. In this scenario, the favorite will sometimes pay as much to place and show as it does to win.

The second situation in which show betting can offer a good payoff is when you really like a horse to win, and you think the favorite or favorites can finish out of the money. In this case, you have reduced your risk by betting to show while also having the opportunity for a decent payoff. In this scenario, betting your selection across the board (win, place, and show) might also be a reasonable option.

One of the most popular low-risk show wagering strategies (and the most fun), is to play a show parlay. Starting with whatever amount you are comfortable with, you play a horse to show. If your horse finishes in the first three, you take all the winnings and bet them back on the next race to show. You’d be surprised how quickly this can add up to a substantial amount.

For example:

In the first race of your parlay you bet a horse to show, and it finishes in the top three and returns $3 for a $2 show bet. If you had wagered $10 to show, you would now have $15.

In the second race you bet your $15 to show and your horse finishes in the first three, returning $2.80 for a $2 show wager, and increasing your bankroll to $21 (7.5 * 2.80). You have now doubled your original $10 stake.

In the third race you bet your $21 to show and your horse finishes in the first three and returns $3.60 to show. You now have $37.80 (10.5 * $3.60).

In the fourth race you bet $37 to show, and your horse again finishes in the first three. You’re on a roll! This time your horse pays $3 to show for a $2 wager, and you have increased your original $10 to $55.50 (18.5 * $3). If you keep going it won’t be long before you have increased your initial stake of $10 to over $100.

The best way to play a show parlay is to set a reasonable goal of how much you want to win and to keep betting the show parlay until you get there. You then start over. If you don’t make it to your goal on the first try, you have only lost $10.

Show parlays are affordable, fun and can be lucrative. They give you action on every race at a very low cost and the closer you get to your monetary goal, the more the tension and excitement builds.

Limited bankroll? Enjoy yourself by betting to show!

How Much Does A Win Place Show Bet Pay

Up To 5% Rebate!

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In-Season Tracks

A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games.

The allure of these bets has always been a larger payout than choosing a single team to win. But there’s more gamble to these types of wagers because every “leg” of the parlay needs to not lose in order to win. If one leg loses, the whole parlay loses.

The flexibility of a parlay bet also makes it attractive to gamblers. You can combine multiple sports into your parlay bet; for example, you can include the Cowboys from the NFL, the Celtics from the NBA and the Coyotes from the NHL into a single bet. If they all win, you win.

Test out the parlay calculator above and compare odds at different sportsbooks to see how it works!

Placing a parlay bet

There are two ways to place a parlay bet and both are quite simple. Bettors can either tell the ticket writer directly which teams and totals they’d like to bet on and how much they’d like to risk on the bet. Filling out a parlay card is the other option for placing this kind of bet. Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet.

Some mobile sports wagering apps offer both types of parlay bets.

Get the best parlay deal at online sportsbooks with Parlay Insurance here:

Winning a parlay

There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong.

Parlay odds

Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.

Parlay payouts

Payouts for a parlay are fixed by the time the bet is placed. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor.

If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets.

Types of parlays

A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.

Round Robin

A Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.

The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. They will then choose how many teams or totals they’d like to tie together for the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.

The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.

The ticket will cost the amount chosen for each parlay. If the bettor only has $300 they might choose to Round Robin the teams by two, so they have 28 different parlays for $10 each. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually.

Teaser

How Much Does A Win Place Show Bet Paypal

A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.

Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points. Those legs of the teaser may go in different directions.

• For example, the New England Patriots -7 can be teased down six points to -1. Meanwhile, the Cleveland Browns can be teased up six points from +4 to +10 points.

Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet.

How Much Does A Win Place Show Bet Pays

Parlay Cards

How Much Does A Win Place Show Bet Payment

The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet. Once the teams and totals are chosen the bettor simply presents the filled in portion on the card to the ticket writer in the sportsbook along with how much they’d like to wager.

How Much Does A Win Place Show Bet Paycheck

Parlay Cards are especially popular during football season. There are many different types of Parlay Cards including a variety of teasers, ties win and reverse teaser cards known as pleasers. These are more popular every year so the mobile sports wagering apps have started to add Parlay Cards for mobile bettors.