What is Parlay Bet? Parlay Bet Explained.

Last Updated on October 12, 2023

A Parlay Bet, commonly known as a “multi” or “accumulator,” is a single bet that links two or more individual wagers for a high payout. For the parlay to be a winning bet, all of the individual wagers must win. If any of the bets in the parlay loses, the entire parlay loses. Due to the increased difficulty of hitting multiple outcomes, parlays offer significantly higher payouts than a single straight bet.


Why do bettors choose Parlay Bets over individual bets?

The main appeal of Parlay Bets is the potential for a higher payout. Since the difficulty of hitting it is higher, the payout for parlays is much larger than placing each individual bet separately. Bettors seeking a bigger reward for a smaller stake often opt for parlays.

How are payouts calculated in a Parlay Bet?

The payout for a parlay is determined by the combined likelihood of the included bets. Payouts vary from one sportsbook to another, but in general, they are calculated by multiplying the odds of each leg of the parlay. So, the more teams or outcomes you add to your parlay, the higher the potential payout.

Can I combine different sports in a single Parlay Bet?

Yes, most sportsbooks allow bettors to combine multiple sports within a single parlay. For instance, you could have a parlay that includes NFL football, NBA basketball, and an MLB baseball game all within one bet.

What happens in a Parlay Bet if one of my selections is a push?

In most sportsbooks, if one of the selections in a parlay is a push (neither a win nor a loss), that leg of the parlay is removed, and the bet reverts to a lower number of teams. For example, a 4-team parlay with one push would become a 3-team parlay, and the payout would adjust accordingly.

Is there a limit to the number of bets I can include in a Parlay?

While there’s technically no limit to the number of bets you can include in a parlay, most sportsbooks set their own limits. Commonly, parlays can include up to 10-12 teams, but this varies by sportsbook and by sport.


Author of This Article:

Rahul Bhatia

Rahul Bhatia

Rahul Bhatia

Rahul Bhatia

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