How Much Does a $100 2 Team Parlay Pay?

Parlay bets are a great opportunity to get better odds by including multiple contests. In a 2-team parlay bet, it’s as simple of a parlay bet that’s possible. There’s only the need to pay attention to two different contests, and it doesn’t take a string of luck to come in victorious.

How Much Does a $100.00 2 Team Parlay Pay?

The exact payout depends on the odds for the two picks in the parlay bet. The reason why people combine picks in a parlay is to get better odds overall. There are certain scenarios where parlaying favorites can end up paying out like an underdog pick.

With all that said, two teams with a -110 money line (essentially a pick’em game) would have a parlay payout of $264.46 on a $100 bet.

Examples of Payouts for a 2 Team Parlay Bet

The best way to fully understand how much $100 will win on a two-team parlay bet is to learn about the payouts for different scenarios. The first look above basically includes two pick’em games with -110 odds for both teams. Winning somewhere between $250-$300 should be expected with most picks like these. As already stated, two teams with -110 odds would win $264.46 on a $100 bet.

What about taking a pair of favorites? If two teams are -250, the 2-team parlay winnings on a $100 bet would be $96. This is still slightly more than the $90.91 a person would win on a single-game bet at -110.

Finally, picking a pair of underdogs can be pretty lucrative. Of course, it’s also going to be a challenge to correctly pick two upsets. Just two teams getting +300 would pay $1500 on a $100 parlay bet.

Even with just two teams involved, it’s easy to see why parlay bets bring so many people in. It’s very hard to ignore the opportunity to win big money, especially when picking underdogs with a chance at an upset.

What Type of Winning Percentage Should a Person Have with Parlay Bets?

The bigger the parlay, the tougher it is to win. That’s why gamblers are rewarded for taking a chance on both teams winning. When betting separately, they could win a little bit less as long as one of them wins. However, if both win, a person wins significantly less money than they would if there was a parlay bet using the same amount of money.

Those consistently making two-team parlay bets on pointspread games can win one out of three times and still succeed. Players only have to win 27.5% of the time on these bets to break even. If a person is constantly doing underdog 2-team parlays, their winning percentage can dip even lower.

How Many Picks Can Be Involved with a Parlay Bet?

Theoretically, someone could put together a parlay bet with several teams at once. The biggest parlay bet most will see is 12 teams. Even those are very few and far between. Most will stick with either two or three-team parlay bets.

What makes a bigger parlay bet so enticing is seeing how much money can be won. People win tens of thousands of dollars on 12-team parlay bets, only wagering $100 or less. Even when piling up on favorites only, it can turn into a huge payday.

Are There Ways to Make Standard Parlay Bets Different?

There are a few different ways to make the standard parlay bet a little bit different from the norm. It’s something people should look into if they want to change up the odds a bit.

Teaser Parlay Bets

Using a teaser in a 2-team parlay can make a bet much less risky. The drawback is that the payout won’t be nearly as good, but most tend to be fine with that.

A teaser bet works by altering the lines for the two games. Taking a five-point teaser as an example means that a team getting -3.5 points would all of a sudden be getting +1.5 points. The goal with teasers is to make it much more likely for that team to win against the spread.

The bigger the teaser, the more impact it has on the payout. It’s a fun variation for those who don’t want to necessarily go all-in on a longshot parlay bet. It also makes multi-team parlay bets much more realistic to hit.

Pleaser Parlay Bets

With just two teams involved, a pleaser parlay bet might be worth exploring to make the payout a little juicer. This is the opposite of a teaser parlay bet, allowing people to make their picks bigger long shots. With the above example, a -3.5 team would jump up to -8.5 with a 5-point pleaser.

One of the most common ways this is used is when a person decides to pick two teams with close to even odds. The payout isn’t nice enough, so taking a pleaser can get it up to $300 or more on a $100 bet. If someone is very confident in a pair of favorites, they can earn more money by predicting a pair of blowouts.

Pleaser bets are much less common than teaser bets, so make sure to ask the sportsbook before looking to place a wager. Not everyone offers pleaser bets at this time. Those that do might also have a limit on the wager amount.

Round Robin Parlay Bets

Round robin parlay bets can’t happen with just two teams. A person needs to start with at least three teams to have the proper setup. After picking those three teams, it morphs into three separate 2-team parlays.

The thing about round robin bets that’s rewarding is that as long as two picks are correct, it turns into a net positive. The hard part is figuring out how much money should be put on each pairing. Making the wrong decision can turn a winning day into a losing day.

Is $100 Per Parlay Bet a Good Amount to Wager?

The golden rule with any type of betting is to only wager what you can lose. If your bankroll is only $100, it is senseless to place a $100 wager on a parlay that’s far from a sure thing.

Once people start to build up a pretty decent bankroll, a $100 per parlay bet is reasonable for a lot of gamblers. A lot of experienced gamblers will recommend to beginners and even intermediate players to take a flat betting approach. What this means is putting the same amount of money on every game, and only risking up to 5% of the bankroll per play.

What flat betting does is it keeps gamblers in the game for longer when times get tough. If the goal is to play parlays, there will be some dry spells everyone must get through.

Is a 2-Team Parlay Worth It?

This is a tricky question overall, because it mostly matters who is asked. Those really into parlay bets will feel like a 2-team parlay is not worth it overall. It doesn’t involve that much of a risk, and the payout isn’t anything crazy.

For others who are focused on winning consistently and betting in smaller amounts, a 2-team parlay is the safest of parlays. The return is good enough that it’s worth the extra effort. There’s not a lot of guesswork done in a 2-team parlay because it’s completely realistic to study both games.

A lot of seasoned gamblers frown upon huge parlay bets. They believe that they are rather frivolous overall. The opportunity to win with any kind of consistency is just not there. At most, they will do a few 2-team or 3-team parlay bets.

Give 2-team parlays a try, and see what type of success is possible. Some fall in love with the format, while others go right back to single-game betting.