A ‘Parlay Formula’ bet involves creating a single bet that links together 2-6 individual bets across up to 6 races.
If you win one of your bets within a ‘Parlay Formula’ bet, the winnings from your bet will be automatically staked/re-invested in the next bet (in addition to the original stake) within your ‘Parlay Formula’ (unless your winnings are from your final bet in the ‘Parlay Formula’).
You can use ‘Parlay Bets’ with ‘Win’, ‘Place’, ‘Each Way’, and ‘Quinella’ bets.
Winning a ‘Parlay Bet’ depends on all of your individual bets winning or a specific number of your bets winning (based on pre-selected Formula Number, e.g., 3 or 4).
The betting options for ‘Parlay Formula’ bets include:
- Multiple/multi betting.
Find out how to place a ‘Parlay Formula’ bet on the TAB app here.
Find out how to place a ‘Parlay Formula’ bet at tab.com.au here.
Placing a ‘Parlay Formula’ bet on the TAB app
- Log in to your account.
- Select ‘Today’s Racing’ from the racing homepage.
3. Select your preferred racing code (i.e., thoroughbred, greyhounds, or harness) and the race you want to bet on. For example, Randwick Race 1.
4. Select the ‘Parlay’ option above the runners.
Please note:When selecting your runners for each leg, make sure you tap ‘Save’ after you’ve made your selections.
6. Once you’ve made all of your selections for each leg, select a ‘Formula Number’ for your ‘Parlay Formula’ bet – the ‘Formula Number’ determines the number of individual bets you need to win for to win your ‘Parlay Formula’ bet.
7. Once you’ve selected a ‘Formula Number’, enter a bet amount and select ‘Confirm Bet’.
Please note:In this example, we’ve chosen 3 as the ‘Formula Number’. As there are 4 races/legs in this example ‘Parlay Formula’ bet, this means we’d need to win 3 out of our 4 individual bets to win the ‘Parlay Formula’ bet.
To place a ‘Parlay Formula' bet at tab.com.au:
3. Select your preferred racing code (i.e., thoroughbred, greyhounds, or harness) and the race you want to bet on. For example, Geelong (VIC), Race 5. Then, select ‘Parlay’ from the bet type menu that will appear above the runners on the race page.
4. Select either ‘Win’, ‘Place’, ‘Each Way’, or ‘Quinella’ as your bet type for your ‘Parlay Formula’ bet.
Please note: For this ‘how to’, we’ve selected ‘Win’ – ‘Win’ is the default bet type.
5. Make your selection(s) for the first race/leg in your ‘Parlay Formula’ bet.
6. Select the next race you want to include in your ‘Parlay Formula’ bet (e.g., in the case of this example, R6). Then, continue to make selections across the other races you want to include in your ‘Parlay Formula’ bet (you can bet across up to 6 races).
7. Once you’ve made your selections, select a ‘Formula Number’ for your ‘Parlay Formula’ bet – the ‘Formula Number’ determines the number of individual bets you need to win for to win your ‘Parlay Formula’ bet.
Please note:In this example, we’ve chosen 3 as the ‘Formula Number’. As there are 4 races/legs in this example ‘Parlay Formula’ bet, this means we’d need to win 3 out of our 4 individual bets to win the ‘Parlay Formula’ bet.
8. Once you’ve selected a ‘Formula Number’, enter a bet amount and select ‘Bet Now’.
9. Review the details and final cost of your bet and select ‘Submit’
5. Then, add the races, bet types, and runners you want to include in your ‘Parlay Formula’ bet.
Please note:When selecting your runners for each leg, make sure you tap ‘Save’ after you’ve made your selections.
6. Once you’ve made all of your selections for each leg, select a ‘Formula Number’ for your ‘Parlay Formula’ bet – the ‘Formula Number’ determines the number of individual bets you need to win for to win your ‘Parlay Formula’ bet.
7. Once you’ve selected a ‘Formula Number’, enter a bet amount and select ‘Confirm Bet’.
Please note:In this example, we’ve chosen 3 as the ‘Formula Number’. As there are 4 races/legs in this example ‘Parlay Formula’ bet, this means we’d need to win 3 out of our 4 individual bets to win the ‘Parlay Formula’ bet.
Placing a ‘Parlay Formula’ bet at tab.com.au
To place a ‘Parlay Formula' bet at tab.com.au:
- Log in to your account.
- Select ‘Today’s Racing’.
3. Select your preferred racing code (i.e., thoroughbred, greyhounds, or harness) and the race you want to bet on. For example, Geelong (VIC), Race 5. Then, select ‘Parlay’ from the bet type menu that will appear above the runners on the race page.
4. Select either ‘Win’, ‘Place’, ‘Each Way’, or ‘Quinella’ as your bet type for your ‘Parlay Formula’ bet.
Please note: For this ‘how to’, we’ve selected ‘Win’ – ‘Win’ is the default bet type.
5. Make your selection(s) for the first race/leg in your ‘Parlay Formula’ bet.
6. Select the next race you want to include in your ‘Parlay Formula’ bet (e.g., in the case of this example, R6). Then, continue to make selections across the other races you want to include in your ‘Parlay Formula’ bet (you can bet across up to 6 races).
7. Once you’ve made your selections, select a ‘Formula Number’ for your ‘Parlay Formula’ bet – the ‘Formula Number’ determines the number of individual bets you need to win for to win your ‘Parlay Formula’ bet.
Please note:In this example, we’ve chosen 3 as the ‘Formula Number’. As there are 4 races/legs in this example ‘Parlay Formula’ bet, this means we’d need to win 3 out of our 4 individual bets to win the ‘Parlay Formula’ bet.
8. Once you’ve selected a ‘Formula Number’, enter a bet amount and select ‘Bet Now’.
9. Review the details and final cost of your bet and select ‘Submit’
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