Parlays, also known as accumulators, are a popular form of betting where multiple individual bets are combined into one. This can increase potential payouts but also raises the risk, as all bets must win.
Here’s a quick guide on what you need to know:
- Combination Bets: A parlay combines multiple bets (legs) into a single wager.
- Increased Payouts: The potential payout is higher because the odds of each leg are multiplied together.
- Higher Risk: If any bet in the parlay loses, the entire parlay loses.
- Types of Parlays: Common types include point spread parlays, moneyline parlays, and over/under parlays.
Understanding the high-risk, high-reward nature of parlays is crucial for bettors looking to maximize their earnings while managing their risks.
