![]() ![]() How are parlay odds calculated? In a parlay bet, the first leg becomes the stake for the second leg and so on. By combining multiple odds into one, you will earn a bigger payout compared to making multiple individual wagers – the downside being that, if a single bet loses, then your entire parlay goes down the drain. You are probably wondering: “Why should I make a parlay bet, then?” Naturally, parlay betting pays out accordingly. This means that, for the parlay to win, every single individual wager must win as well.Īs you can see, winning a parlay bet isn’t exactly easy. But what is a parlay in betting? Also referred to as multi or accumulator, a parlay bet consists of combining multiple bets into a single, multi-legged bet. ![]() If you’ve ever read about big payouts in sports betting, then odds are that there is a parlay bet involved. We will go through the basics of parlay betting and how it works while providing helpful betting tips and examples.īasics of Parlay Betting – What is a Parlay Bet? Do keep in mind that, while you could win a life-changing prize with one of those, it’s obviously extremely difficult. Most stories about massive payouts come from parlays with long odds. Parlay betting is also an alternative to combine multiple low-paying odds into a better payout – as long as all bets in the parlay win, of course. You can win big with a single wager, but the odds of doing so are also relatively slim. It’s fair to say that parlay bets are the sports betting equivalent of a lottery ticket. ![]()
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