Everything You Need to Know About Parlay Push

Parlay bets function by linking multiple individual bets together.

The odds for a parlay are calculated by multiplying the odds of each individual leg. This multiplication of odds leads to the potentially high payouts associated with successful parlays.

Calculating Parlay Odds

To give a sense of how this bet is calculated, consider the following example: 

In a three-leg parlay, you could include a spread bet on the Dallas Cowboys at -7.5 (-110), and the remaining bets could be moneylines for the Tampa Bay Buccaneers (-120), and the Philadelphia Eagles (+150). The odds of the parlay would be the product of these individual odds (+775). 

It's crucial to understand that if any single leg of the parlay loses, the entire parlay is lost. 

This all-or-nothing nature is what makes parlays both exciting and risky. Some sportsbooks offer parlay insurance to mitigate this risk but come with specific terms and conditions.

A push in sports betting occurs when the outcome of a bet results in neither a win nor a loss. In the context of parlays, a push can happen when one or more legs of the parlay end exactly on the betting line, resulting in a tie.

Pushes most commonly occur in point spread wagering or totals bets. 

It's important to note that not all bets can result in a push. Moneyline bets, for instance, typically don't have the possibility of a push unless the sport allows for ties (like soccer), and the sportsbook doesn't offer a draw option.

Some sportsbooks use half-point spreads (e.g., -3.5 instead of -3) to eliminate the possibility of pushes, ensuring that each bet results in either a win or a loss.

When a push occurs in one leg of a parlay, it has a significant impact on the overall bet. The general rule is that the pushed leg is removed from the parlay, and the bet continues with the remaining legs. 

This process is often referred to as the parlay "reducing" to a smaller number of legs.

In the case of a two-leg parlay where one leg pushes, the parlay reverts to a single bet on the remaining leg. The odds for this bet would be the same as if you had placed it as a single wager from the beginning. 

If the remaining leg wins, you would be paid out at those odds. If it loses, you lose your entire wager.

Example: In a three-leg parlay with Team A (-110), Team B (-3), and Team C (+150), if Team B wins by exactly 3 points (resulting in a push), the parlay would reduce to a two-leg parlay with just Team A and Team C.

Same-game parlays, or single-game parlays or SGPs, have become increasingly popular in sports betting. 

These bets allow bettors to combine multiple wagers from the same event into one parlay. However, regarding pushes, same-game parlays may have different rules than traditional multi-game parlays.

Some sportsbooks treat pushes in SGPs like in regular parlays, removing the pushed leg and recalculating the odds. 

However, other sportsbooks may void the entire single-game parlay if any leg results in a push. This is because the legs in a same-game parlay are often correlated, meaning the outcome of one bet can affect the others.

It's crucial for bettors to carefully read the terms and conditions of same-game parlays at their chosen sportsbook. 

Understanding how pushes are handled can significantly impact betting strategy and risk management when placing these types of wagers.

Rules for pushes in same-game parlays can vary between sportsbooks. Always check the specific rules before placing your bet.

While parlays offer the allure of big payouts, they also come with increased risk. 

Managing this risk is crucial for long-term success in sports betting. Here are some strategies to consider:

1. Limit the number of legs: The more legs in a parlay, the harder it is to win. Keeping parlays to 2-3 legs can help balance risk and reward.
2. Use parlays sparingly: Experienced bettors often use parlays as occasional high-risk plays rather than a primary strategy.
3. Consider alternatives: Some bettors prefer to place individual bets on each leg rather than combining them into a parlay. This approach offers more flexibility and can be less risky.
4. Understand correlations: In same-game parlays, be aware of how different bets might be correlated. This can affect both the odds and the likelihood of winning.
5. Take advantage of promotions: Some sportsbooks offer parlay insurance or other promotions that can help mitigate risk.

Parlay betting can be complex, and bettors often have questions about various scenarios. Here are some common queries:

• What happens if one leg of a parlay pushes? As discussed earlier, typically the pushed leg is removed and the parlay continues with the remaining legs at adjusted odds.
• Can you cancel a parlay bet? Generally, once a parlay is placed, it cannot be canceled. However, some sportsbooks may offer early cash-out options.
• How are parlay odds calculated? Parlay odds are calculated by multiplying the odds of each individual leg. Many sportsbooks provide parlay calculators to help bettors determine potential payouts.
• Are parlays a good betting strategy? While parlays offer high potential rewards, they are generally considered riskier than single back bets. Their effectiveness as a strategy depends on the bettor's risk tolerance and betting goals. Parlay betting is more complicated than most standard wager types, but not quite as advanced as some options like arbitrage betting.
• Can you include prop bets in a parlay? Many sportsbooks allow prop bets to be included in parlays, but rules can vary. Some prop bets may be excluded from parlays or have specific restrictions.

Always check the specific rules of your sportsbook regarding parlays, as policies can vary between different betting platforms.

Parlay betting offers a unique and potentially lucrative form of sports wagering, but it comes with its own set of complexities and risks.

 Understanding how pushes impact parlays is crucial for any bettor looking to engage in this type of betting. While pushes can sometimes work in a bettor's favor by reducing the number of legs needed to win, they also decrease the potential payout.

By carefully considering factors such as the number of legs, correlations in same-game parlays, and sportsbook-specific rules, bettors can make more informed decisions when placing parlay wagers.

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