Sports Betting Types | Parlay
A Parlay is a bet on two or more teams, or event participants, in no particular order. All teams or participants wagered on in a Parlay must win. If there is a tie or No Action among the selections made, the Parlay reverts to the next lowest number for payoff. In the case of a 2 Team Parlay, it reverts to a Straight Wager.
- Parlays that incorporate money lines or European prices are paid out based on the odds of the individual selections.
- You cannot bet on connected events on the same parlay card. The match forms part of the overall tournament and is therefore connected. In the same way, you cannot parlay the over of the first half of a football game with the over of the full game because the two are connected.
- By placing a Parlay bet you can increase your payout odds.
Example: Player wants to make a 5 team parlay:
- Miami -7
- New York +3
- Seattle -4
- Denver -10
- San Francisco -8
If all these games win then the player would have won at 24-1 odds. If only 1 team loses then the entire parlay loses.