How to Place a Parlay Bet on College Basketball Odds

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BetMGM @BETMGM Nov 11, 2021, 7:19 PM

Kansas was a 10.5-point favorite over Eastern Washington in the first round of the 2021 NCAA Tournament. Perhaps you liked the Jayhawks to win but, after an eight-day layoff due to COVID issues within the program, the double-digit spread was too high. Therefore, you looked at the Kansas money line -650, though a win would only return $57.69 on a $50 bet (including stake).

Instead of passing on the game and looking elsewhere in NCAA Tournament odds, you could’ve built a college basketball parlay to increase the potential payout. And at the BetMGM sportsbook, building parlays with college basketball odds is easy, exciting, and lucrative.

What is a Parlay?

A parlay combines multiple bets (aka legs) – from multiple games or, with BetMGM’s One Game Parlay, one game – into one wager. In doing so, the odds change, as does the potential payout if all the bets hit.

In this example, you could’ve started your parlay with the Kansas money line (-650) and added additional money lines, spreads, or over/under totals from other NCAA Tournament games on Saturday, March 20, or other games from dozens of sports on different days. With each leg, the odds change.

How to Place a Parlay Bet

After adding the Kansas money line to your bet slip, you could’ve added the Colorado money line (-230 vs. Georgetown), which would’ve created a two-leg parlay with odds of -153 and a potential payout of $82.77 on a $50 bet (including stake).

The parlay odds and payout are automatically calculated on your bet slip. If you’re interested, here’s how to calculate parlay odds.

A third leg, Grand Canyon +13.5 at -110 (vs. Iowa), would’ve increased the potential payout to $158.02 (including stake). And you would’ve received that amount after Kansas beat Eastern Washington, Colorado beat Georgetown, and Grand Canyon lost to Iowa by 12 points.

More College Basketball Betting

College basketball odds are available throughout the year and aren’t limited to parlays.

From offseason futures like national championship odds and early-season tournaments like Maui Invitational odds to daily spreads for mid-major games and over/under totals in live sports betting, there’s something for everyone at BetMGM. Check out the best online sportsbook and get closer to the action!

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