For a four-team parlay, the payout is 10-1 plus your unique bet. For a five-team parlay, the payout is 20-1 plus your unique bet. Obviously, the more groups you put the harder it's to win. The parlay is just a rapid way to a large payout when you have the best understanding and picks. Following the parlays, the next football betting alternative will be the teasers. Teasers are simply like parlays because you choose multiple games and have to get them all.