A parlay in betting is a popular wager where multiple bets are linked together. To win, all individual bets, or “legs,” must succeed. This results in higher payouts due to increased odds but also carries greater risk.
- Multiple Bets: Combine several individual bets into one.
- Higher Payouts: Increased potential winnings due to compounded odds.
- Greater Risk: All bets must win for the parlay to succeed.
- Odds Calculation: Odds for each leg are multiplied to determine overall payout.
Understanding parlays can enhance your betting strategy by balancing risk and reward effectively.
