What is a Parlay Bet? Learn everything you need to know about parlay bets and how to place them with US sportsbooks online.
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November 14, 2023 01:00 AM Eastern Standard Time
In this article, we will discuss what a parlay bet is, how to place one, and what to expect from a parlay bet if it's a winner. In a parlay wager, you can include at least two selections and a maximum of twenty, if you are feeling ultra lucky!
Parlay Bets
This particular bet is based on a minimum of two selections placed under one bet. This is classed as a multiple bet, with all selections needing to come in if you want to be a winner. The more selections added in the Parlay, (Depending on the odds) the bigger the potential payout. Below, we have an example of a four-leg parlay bet someone betting on the English Premier League might place.
Wolves to beat Tottenham @ +210
Crystal Palace and Everton to draw @ +225
Brighton and Sheffield United under 2.5 goals @ -250
Man United vs Luton both teams to score yes @ -110
If this parlay bet is a winner by all four of the above selections winning, your potential returns for a $10 bet, would be in the region of $458.63.
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How To Place A Parlay Bet
Once you have an idea of the selections you want to bet on, go to your favorite sportsbook and find the games you want to place a bet on. Then, place a minimum of two selections. Remember, all selections must come in to be a winner. Once you're happy with your selections, select your wager and place the bet with your sportsbook.
Summary
Parlay bets are considered one of the trickiest bets to place simply due to the number of selections that must come in and win. Remember, the bet is a loser if one selection lets you down. Though fun and enjoyable, the rewards can be worthwhile if you're a winner with a parlay bet.
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