What Is Parlay Betting and How Do Parlay Bets Work?

Parlay bets are a way to do exactly that. Parlays are wagers combining two or more bets like moneylines, Over/Unders, or point spreads.
Gamblers love parlays because even though   otakparlay  they’re less likely to win, when they do you’re guaranteed to win big. A parlay bet of two or more outcomes will always offer a higher payout than betting on each outcome individually. The caveat is that you must get all of the wagers correct to win the bet.

On this page we’ll explain everything you need to know to start betting parlays and reaping the rewards. We’ll tell you how parlays work, show you examples of parlays in action and explore how parlays work in all the major sports like NBA, NFL, MLB and NHL.

What Is Parlay Betting?
Parlay bets, also known as accumulators or combo bets, are individual wagers that combine two or more bets and require all of the outcomes to be correct.From the bettors perspective, the parlay is enticing because you stand to win more than if you had made each bet individually (assuming each side’s total betting amounts are equal).

A common parlay bet is to cover multiple games and bet the moneyline or point spread in each. If all your picks win, you win the parlay. If even one of them loses, you’re out of luck.

How Does Parlay Betting Work?
We know that parlays are when you combine more than one outcome into a single bet and you need to get every wager correct in order to win but how does that look in action and how does it affect your chances of winning the overall bet?

Let’s take a look at an example and do some quick math. In the following parlay bet, assume that the teams in each game have a roughly even, 50/50 chance of winning. Most sportsbook offer a 2.6:1 payout on a two-game parlay. This means that a $100 bet that correctly predicts both outcomes pays you $260 ($160 of which is profit plus your initial $100 investment).

If, instead, you bet $50 on each outcome separately, your winnings would be $50×2=$100 plus your initial $100 investment for a total of $200.