A prop parlay is a parlay bet composed of multiple prop bet selections. The sportsbook will grade a prop parlay like any other parlay bet. If all your selections are correct, your parlay bet wins. If one or more selections lose, your parlay bet losses. Make sure you review your sportsbook’s house rules regarding parlays in advance, as some sports betting sites may exclude certain prop bets from parlays.
Prop parlays are a fun way to combine different props with the potential for a much higher payout than betting each selection separately. Note that the more selections you include in your parlay, the less likely it is you’ll win. Parlay bets of any sort come with substantially more risk.
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What is a Prop Parlay Bet?
A prop parlay bet is a parlay bet made up of multiple prop bet selections. In most cases, you can include prop bets from one or more matchups across multiple leagues in your parlay.
There are a couple exclusions to note depending on the particular sports betting site. Specialty parlay bets, like a “Same Game Parlay”, will only allow you to make selections from one matchup. Also, any prepackaged wager, like a house special or promotional parlay, will not allow you to customize your selections. You will only be allowed to bet the preset selections.
Finally, note that some sportsbooks may use the term “leg” instead of “selection” in their house rules. These terms can be used interchangeably.
How Prop Parlay Bets Win or Lose
Prop parlay bets win or lose just like any other parlay. Our parlay bet tutorial explains how sportsbooks grade these wagers in detail. The following are the most common outcomes:
- Win – Your bet wins if all your selections were correct.
- Lose – Your bet loses if one or more of your selections were incorrect. Your parlay will also lose if your sportsbook grades ties as losses (less common).
- Tie Selections – Each tie selection reduces the parlay size until there is just one selection left. Sportsbooks treat a parlay reduced to a single selection as a straight bet.
More About Parlay Tie Selections
Multiple tie selections in the same parlay are rare, but not unheard of. One tie that’s part of a 4, 5, or 6 selection parlay will reduce the wager to a 3, 4, or 5 selection parlay respectively.
Here’s a quick example describing what happens when multiple selections tie. Suppose 2 selections of a 3 selection parlay tie. This result reduces the parlay to just one selection. Sportsbooks will grade a one-selection parlay like an ordinary wager.
In other words, sportsbooks grade parlays that reduce to one selection at the line and odds assigned at the time you placed the original bet. The selection’s odds will determine any potential payout amount.
Though not common in the legal US sports betting market, some sportsbooks may offer progressive parlays or close-call parlays. These specialty parlays payout at reduced odds if one or more of your selections is wrong. That’s much better than taking a loss on the entire bet!
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Prop Parlay Bet Example
Let’s combine multiple prop bets into a 3 selection parlay prop bet. Note that you can include both game, team, and individual player prop bets depending on the particular league.
| Prop Bet | Line& Odds |
|---|---|
Guardians
Orioles
First Team to Score | -135+105 |
Guardians
Orioles
Tie
1st Inning Winner | +320+230-115 |
Guardians
Orioles
To Extra Innings | Yes +775No -1400 |
Let’s combine 3 prop bets from the Guardians at Orioles MLB game:
- First Team to Score: Orioles +105
- 1st Inning Winner: Orioles +230
- Game To Extra Innings: No -1400
How the Example Bet Wins or Loses
- Win – The Orioles score first and win the 1st inning and the game ends in 9 innings.
- Lose – Any one of the following happens: the Guardians score first or the Guardians win the 1st inning or the Game goes to extra innings.
This prop parlay includes one or more selections with moneyline odds. That means the sportsbook will calculate the payout using a value a little less than true odds. Our tutorial helps explain parlay bet payouts.
How to Place a Prop Parlay Bet
Time needed: 3 minutes
How to place a prop parlay bet
- Find one or more upcoming matchups
Login to your online sportsbook. Navigate to a list of upcoming matchups from the leagues or sports you want to bet on.
- Select parlay from the wagering menu
Look for the wagering menu. Select parlay, or “off the board parlay” or “standard parlay”.
- Add selections to your parlay
Add prop bets to your parlay until you reach the desired number of selections or legs.
- Place your wager
Place your wager. Make sure your account has sufficient funds to place a bet.
- The sports betting site will grade your wager after the last game ends
Your sportsbook will grade your wager after the last game of your parlay ends. Your parlay wins if all selections are correct. It loses if one or more selections are incorrect. Each tie selection reduces the parlay size by one until a single selection remains. Sportsbooks grade single selection parlays as individual wagers.
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FAQs
A prop parlay bet is a parlay bet made up of multiple prop bet selections. In most cases, you can include prop bets from one or more matchups across multiple leagues in your parlay.
A prop parlay bet is a standard “off the board” parlay made up of prop bet selections. Specialty parlay bets, like a “Same Game Parlay”, will only allow you to make selections from one matchup. Also, any other prepackaged wager, like a house special or promotional parlay, will not allow you to customize your selections. In this case, the sportsbook will only allow you to bet its preset selections.
Your parlay bet wins if all selections are correct.
Your parlay bet loses if one or more selections are incorrect.
Each tie selection will reduce the parlay size until there is just one selection left. Sportsbooks treat a parlay reduced to a single selection as a straight bet.
Yes, you can parlay prop bets from one or more matchups in the same league or multiple leagues. Some sports betting sites prohibit certain prop bets from being added to a parlay. Be sure to review your sportsbook’s house rules in advance.
Sports Betting Lessons
- What + and – mean in betting
- What +125 and -125 odds mean
- What +1000 and -1000 odds mean
- +2.5 and -2.5 point spread
- +7 and -7 point spread
- 3 Game Parlay Bet Payout
- 5 Game Parlay Bet Payout
- 3-Way Moneyline
- +1.5 and -1.5 run line
- +1.5 and -1.5 puck line
- PK Point Spread Line
- Asian Handicap Lines
- What a Push Means
- Underdog + or – sign
- Alternate Betting Lines
- “No Action” Bet
- Betting Line Movements
- Sports Betting Expected Value
- Prop Parlay Bet
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Sports Betting Resources
- How to Read Sports Betting Odds – Our helpful tutorial explains what the numbers mean for point spread, moneyline, total, and Asian Handicap bets.
- Sports Betting Questions and Answers – Common sports betting questions and answers, a simple quick reference for beginners.
- Sports Betting vs Casino Gambling – Learn how sportsbooks and casinos make money, and the important differences between each business model.
- How to Read NFL Odds – Short and sweet guide to NFL point spreads, totals, and moneylines. We’ve got live example bets from upcoming NFL matchups.
- Point Spread Bet – Understanding the point spread is key to betting on football and basketball. Learn how the point spread bet works with our tutorial video and text.
- Over-Under Total Bet – Bet over or under the sportsbook’s line. We explain how to place this bet with easy examples, a video, and text explainer.
- Moneyline Bet – Whether it’s a 2-way or 3-way moneyline, we’ve got you covered. Moneylines are available for almost every major sport league, including football, basketball, baseball, hockey, soccer, tennis, and combat sports.
- Teaser Bet – A teaser is a modified parlay that lets you buy points to shift point spread and total lines in your favor. Our fun tutorial video and detailed text article explain how to place this bet.
- If Bet Win-Only – Sequence multiple bets together in an if-then sequence. Your next bet only sees action if the previous one wins. Ideal for bettors with small bankrolls.
- Futures Bet – We explain what a futures bet is, how it works, and when to bet on a future sporting event. Common futures bets include the winners of the Super Bowl, Final Four, Stanley Cup, World Series, and NBA Finals.
- Parlay Bet – Combine multiple selections into one bet that returns a huge payout if all your selections were correct. We explain how parlay bets work and provide common parlay payout tables.
- Progressive Parlay Bet – Also known as a “Close Call Parlay”, this parlay variant can win even if one or more of selections lose. Our article describes this bet in detail.
- Parlay Card Betting – Parlay cards are issued by major sportsbooks midweek, allowing bettors to make multiple point spread, total, and prop bet selections that can return big payouts. Not to be confused with an “off the board” parlay!
- Prop Bets – We explain what a prop bet is, how to place a prop bet, and provide an expansive list of sports leagues with plenty of props to bet on right now.