Parlay betting is a popular form of sports wagering that combines multiple bets into one. This can increase potential payouts but also raises the risk, as all bets must win for the parlay to pay out. Here’s a quick guide for beginners:
- Definition: A single bet that links two or more wagers; all must win for the bet to succeed.
- Risk and Reward: Higher payouts compared to individual bets, but a higher level of risk since all parts of the parlay must win.
- How to Place: Select at least two bets on a sportsbook platform, combine them into a parlay, and place your wager.
- Types: Point spreads, moneylines, totals, and prop bets can all be combined in parlays.
