What is a Parlay Bet?

Conversely, a $100 parlay including the two moneylines (Green Bay at -380 and Baltimore at -300) would only pay $68.42. In this scenario, teasing instead of parlaying the moneylines results in a profit of $8 more, which is a significant amount when considering an initial wager of $100. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win. To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7.

Of the many ways to place a bet in the United States, parlay betting is the method that’s proving to be the most popular. Catering to bettors who want to make the most of backing multiple winning predictions on one, enhanced slip, parlay bets add another level of skill to betting. PARLAY GAMBLING SERVICES - CLOTHING COMPANY. Parlay betting is one of the ways that bettors can make that dream a reality. While not easy to hit, the returns can be outstanding. As such, parlay betting is extremely popular, especially with recreational bettors and those looking to build bankroll. A parlay bet is a wager that includes multiple wagers on a single ticket.

A parlay is a sports bet in which you combine multiple individual bets. You must win the entire combination of bets or you lose. It’s that simple.

To choose a parlay wager, you first select at least two standard wagers you like. It could include bets against the spread, moneyline wagers, or the over/under. The more bets you make for your parlay, the more you can win. But there’s always a caveat. Once you start getting into four or higher team parlays, they become extremely difficult to win.

What makes parlays so difficult is you have to win 100% of your games. Whereas, with regular bets against the spread, for example, you only need to win around 60 percent to turn a profit. Parlays can sometimes be frustrating because you could conceivably run pretty hot and still lose. We’ve had some parlay losers where we actually won around 70 percent of the games.

Parlay Gambling

But there’s certainly a ton of upside and some great benefits to betting parlays as opposed to just straight wagers. If all you’re doing is betting individual games against the spread, you’re limiting how much you can win. A $110 bet typically only pays a $100 profit, which really isn’t that great.

Parlay Gambling Meaning

Parlay Gambling Definition

Sure, if you’re really good at betting the spread or over/unders and you get in enough volume, you’ll make a nice living. You still won’t make as much if you become skilled at betting parlays, however. The profit potential on parlays is much higher.