A parlay in betting is a single wager that links together multiple individual bets. To win the parlay, all selected bets must win. Parlays can boost your earnings significantly, but they come with higher risk. Here’s a quick guide for beginners:
- Definition: A parlay combines multiple bets into one.
- High Risk, High Reward: All bets must win to cash out; even one loss means the entire bet loses.
- Types of Bets: Can include various sports and bet types like point spreads, money lines, and over/unders.
- Payouts: Higher than placing individual bets due to increased risk.
Understanding parlays can enhance your betting strategy, but always gamble responsibly.
