What is a Parlay in Sports Betting: A Quick Guide

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.

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