Defining "Parlay"

A parlay, also known as an accumulator or combo bet, is a type of sports bet that combines multiple selections into a single wager. In a parlay, you can bet on two or more outcomes, and all the selections must be correct for you to win the bet.

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*The data used in the screenshot are indicative.

Key features of a parlay bet:

Multiple Selections: A parlay bet allows you to combine two or more individual bets into a single ticket. Each selection is called a "leg" of the parlay.

Higher Payouts: Parlays offer the potential for higher payouts compared to single bets because the odds of each selection are multiplied together. As a result, the more selections you include, the higher the potential payout.

Higher Risk: While the potential payout is higher, the risk of losing a parlay is also greater. If any of the selections in the parlay is incorrect, the entire bet is lost.

Win-All or Lose-All: In a parlay, it's an all-or-nothing proposition. If all the selections are correct, you win the parlay, but if any of the selections is wrong, you lose the entire bet.

Number of Selections: Parlays can have different numbers of selections, typically ranging from 2 to 20. The more selections you include, the riskier the bet becomes, but the potential payout also increases.

Example of a parlay bet:

Let's say you want to place a parlay bet on three basketball games:

  • Team A to win.
  • Total points over a specific number in Game B.
  • Player C to score more than a certain number of points in Game C.

If all three selections (Team A, total points over, and Player C) are correct, you win the parlay and receive the combined payout based on the odds of each selection. However, if even one of the selections is incorrect, the entire parlay is lost, and you do not receive any payout.

Parlays can be an exciting way to increase potential winnings in sports betting, but they come with higher risk due to the requirement of all selections being correct. As with any betting strategy, it's essential to understand the risks and manage your bankroll wisely when placing parlay bets.

 

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