Parlay bets are a great way to switch up your sports betting and combine a few betting picks together to bump up your payout. In this article, we’ll provide you with our top NFL Week 16 parlay bets. We study the odds, the betting lines, and the teams, and to give you our recommended parlay bets.
The following three NFL parlay picks offer a low, medium, or high payout. Our low payout parlays try to minimize risk and odds start at +200 or higher in an effort to double our stake. Likewise, our medium and high payout parlays offer higher payouts with higher odds, but higher odds mean a smaller chance of winning.
In other words, are you after the big payout or more consistent wins?
Low-Risk Parlay Wager
$20 risk: $73.52 payout (+268 odds)
This NFL Week 16 parlay bet focuses on winning your stake back and then some. This parlay is for the bettor who prefers low risk/low yield parlay bets. Remember the saying “slow and steady wins the race?” Well, this parlay bet won’t set the world alight, but it’s your best chance of beating the NJ sportsbooks.
Week 16 Parlay Picks
Baltimore Ravens ML (-420) at Cleveland Browns
A Ravens win on Sunday would clinch home-field advantage in the AFC Playoffs. The Browns already checked out on the season before the mid-way point hit. If Baltimore takes care of business in Cleveland, the key players on the roster can rest next week. And there is extra motivation for the Ravens, considering the Browns actually won the previous meeting this season. QB Lamar Jackson already has the MVP award locked up, but another incredible performance would be the cherry on top.
Pittsburgh Steelers ML (-162) at New York Jets
The Steelers couldn’t close out the Bills last week, but this matchup against the Jets is one they should handle. In terms of traveling fans, no one does it better than Pittsburgh and MetLife Stadium should be rocking with the Terrible Towels. While the fanbase angle is fascinating, there’s still a game to be played on the field. The Steelers defense will give Jets QB Sam Darnold fits all day and create turnovers to put the offense in favorable field position.
Dallas Cowboys ML (-121) at Philadelphia Eagles
The Cowboys pick is part of our Week 16 NFL Computer Picks trio; naturally, it has to be part of our parlay. Dallas QB Dak Prescott is dealing with a sore AC shoulder joint. Team doctors have indicated they’ll be giving a cortisone shot to relieve the pain. This matchup against the Eagles secondary is one that Prescott and WR Amari Cooper should thrive in. Not to mention, RB Ezekiel Elliott has consistently eaten up Philly’s defense and that’ll happen once again. The Eagles can’t move the ball against competent defenses, especially the injuries on offense.
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Medium-Risk Parlay Bet
$20 risk: $143.63 payout (+618 odds)
This parlay bet focuses on winning your stake back and then some. This Week 16 parlay bet is for the bettor who prefers an evenly balanced payout/risk ratio. The bettor who wants a decent payout, but is not reckless with their parlay picks.
Week 16 Parlay Picks
Cincinnati Bengals at Miami Dolphins ML (+100)
As we mentioned in our computer picks article, the Bengals aren’t trying to win this game. A loss on Sunday assures them of getting the No. 1 pick in the draft to land LSU QB Joe Burrow. The Dolphins are a solid 7-3 ATS over the last 10 games while the Bengals are 2-5-1 ATS over their last eight. We’re looking at a Miami team that is playing hard for head coach Brian Flores. These players are vying for roster spots next year, and there’s a slew of draft picks coming; that means the competition is heavy. This is also the last home game for the Dolphins this season. That added motivation should send the fans home happy until next season.
New York Giants at Washington Redskins -2.5 (-110)
The Bengals aren’t the only ones trying to solidify their draft position. It’s not every day that you get a chance to get the No. 2 pick twice in three years, but that’s exactly what the Giants are trying to do. A loss on Sunday would put them in a spot to possibly land DE Chase Young from Ohio State. It’s not all about the Giants, though, because the Redskins are playing good football under interim head coach Bill Callahan. Since taking over, Washington is more committed to running the ball and that’s been working well. Come to think of it, any method that teams use to move the ball against the Giants is a good one.
Carolina Panthers at Indianapolis Colts -6.5 (-114)
After getting smoked on Monday Night Football, the Colts will be looking to take their aggression out on someone. Unfortunately, that will be the Panthers, who are starting rookie QB Will Grier for the first time. When Cam Newton went down with an injury and Kyle Allen stepped in, everyone thought that a changing of the guard would happen. After a few weeks of decent performances, things fell flat and now here we are. Teams that get clobbered in primetime typically come back with strong showings the next week. We expect to see a spirited effort from the Colts on Sunday.
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Big-Payout Parlay Bet
$20 risk: $221.80 (+1009 odds)
This NFL parlay bet focuses on maximizing your winnings. This NFL Week 16 parlay bet is for the bettor who is looking for the big payout from the NJ sportsbooks. The higher odds mean beats but we’re shooting for the stars here! No one ever bragged they won $10 and as such, so this is for the bettor looking for the big parlay win.
Week 16 Parlay Picks
New Orleans Saints at Tennessee Titans ML (+120)
We sprinkled our wagers from the computer picks article into each parlay, and this is our third – technically. In the article, we took the Titans at +3, but we’re going for the gusto here on the big payout. Tennessee has a few advantages in this game, including an extra day of preparation and not having to travel to another city. New Orleans is coming off a mega win in primetime and might not have the same type of energy. The Saints take a step back when they’re outside the friendly confines of the Superdome. Titans QB Ryan Tannehill, RB Derrick Henry and WR AJ Brown are the most dynamic trio in football right now and that’ll be on full display this Sunday.
Oakland Raiders ML (+255) at Los Angeles Chargers
That Raiders game last week – yikes! It was a truly heartbreaking way to end things in Oakland. However, there’s no way the Chargers should be favored by this much. Especially after that performance against the Vikings last week. Speaking of teams leaving their homes, this will also be the last game for the Chargers in their temporary home. There will be a ton of Raiders fans there, and wouldn’t it be great if they went in there and spoiled that farewell? The story basically writes itself, folks.
Kansas City Chiefs ML (-240) at Chicago Bears
Since we had two underdogs outright, we can take some liberties with the final pick of the big payout. Prior to taking the field on Sunday night, the Chiefs will know exactly where they stand in the AFC Playoff picture. All of the teams near them in the standings will play before them and that should put their minds at ease. As for the Bears, their slim playoffs were dashed last week and would certainly rather be doing anything else besides facing one of the most dynamic offenses of the decade in the freezing cold. We only need KC to win this game outright, but if Baltimore or New England slip up and lose this weekend, we wouldn’t mind taking the -6 spread on this game and increasing the payout.
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