Parlay
A parlay is a single bet that links together two or
more individual
wagers and is dependent on all of those wagers winning
together. The benefit of the parlay is that there are much
higher payoffs than placing each individual bet separately
since the difficulty of hitting it is much higher. If any of
the bets in the parlay loses, the entire parlay loses.
For example: Joe placed a three-team NFL parlay on the Lions, Bears and Bengals. If any one of those teams fail to cover the spread, Joe loses his parlay bet. But if all three teams beat the spread, Joe gets paid $600 for every $100 bet.
External links
- About.com definition
- Parlay Odds Calculator - Calculate the payout of a potential parlay.
Back | Home | Up | Next
