However, they are also very attractive as they also allow bettors to combine odds on multiple events, while giving them access to much bigger payouts. Even losing just a single leg of a parlay results in the overall parlay bet being graded as a loss.Īs a result of this rule, parlay bets are much more difficult to win than singular bets as they always involve winning two or more legs. Once you place a parlay wager, for it to cash, every leg of the parlay must be graded as a win. Depending on what sportsbook you are using, you may also see parlay bets be referred to as multis, accumulators, accas, or combo bets. Parlay bets are available on all major sportsbooks (BetMGM, DraftKings, FanDuel, Caesars, etc).

After this process, the sportsbook will also present you with the combined parlay odds for your new parlay bet. When you have chosen the bets you wish to combine together, the online sportsbook you are using will then allow you to either select a parlay option, or simply parlay them together for you. What is a parlay bet?Ī parlay bet is a common form of wagering where two or more bets are combined together into a single bet. However, if you understand the risk involved, parlays can also be a fun way to add some spice to your betting cards and a good way to give yourself a chance at some big payouts every now and again.īelow we’ll go over the basics of parlay bets, how they work, how to approach them for different sports, and some general strategies you can employ to make you an all-around, more savvy parlay bettor.

People love to put together big tickets that parlay multiple bets together so that they can show off when their low investments lead to monster payouts.Ĭhasing these kinds of parlay bets is generally not advisable, especially if your goal is to become a profitable sports bettor. In the age of social media, chasing big payouts has become somewhat of a competition.

Teaser payouts