In sports betting whats a parlay bet

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The maximum amount of legs allowed in parlays is 12. However, that’s assuming all three legs hit if Team X and Team Y both win but Team Z fails to cover the 6-point spread, the parlay would not be a winner. A $1 bet on this parlay would result in a profit of $6.20 (for a total return of $7.20 - original stake plus winnings). Step 4: Go to your Betslip and enter your wager under the 'Parlay' section, then press submit!Ĭonsider a bettor who makes a 3-leg parlay containing the Team X moneyline at -175 odds, the Team Y moneyline at +140 odds, and the Team Z spread at -6 with -110 odds. Step 3: Repeat with other markets you would like to bet until you reach your desired amount. Step 2: On the confirmation page click ‘Start Parlay’. Step 1: Go to the market you would like to bet on and click to add it to your betslip All bets on the parlay must win for the entire bet to be a winner. A parlay involves betting on two or more outcomes at once and combining the bets into a more involved wager with escalating returns.

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