Understanding a parlay in sports betting can elevate your game. A parlay is a single bet that links together multiple individual bets for a higher payout. However, all wagers must win for the parlay to pay out. Here’s a quick guide:
- Definition: A combination of two or more bets.
- Payout: Higher than individual bets but all legs must win.
- Risk: More challenging due to multiple outcomes.
- Types: Point spreads, moneylines, and totals.
| Number of Bets | Potential Return |
|---|---|
| 2 | ~3x |
| 3 | ~6x |
| 4 | ~10x |
While parlays offer enticing payouts, they come with increased risk. Make informed decisions to maximize your chances of winning.
