If all other legs of a parlay win and one leg ties, the book treats that leg like it never even exists. We mentioned above that a parlay will not cash if even one leg loses, but what happens in the event of a tie? The juice or “vig” can also be steep, which is why US sportsbooks tend to hold more on parlays than boring old singles. This facet of parlays is perhaps why bettors are so attracted to them, as there simply aren’t too many other ways to generate a massive payout in one fell swoop – unless you’re in the business of betting massive longshots.īe warned, parlays are much more volatile than straights. The result is that the payoffs are higher, sometimes significantly higher, than if you were placing a straight bet on any one leg of the parlay. Parlay odds are calculated off the odds of each individual event. online sportsbooks to welcome parlays made up of 12 legs or more. Likewise, a 3-leg parlay consists of three wagers, while a 5-legger spans five bets. That’s right, if even one bet comes up short, the entire wager is worth dust.Ī 2-leg parlay (or 2-legger), refers to a parlay consisting of exactly two wagers. For a parlay to cash, all individual bets, or “legs”, of the wager must win (or tie).

Put simply, a parlay is a wager where multiple bets are grouped together on the same ticket to create one larger bet.

Downsides of Parlay bets: Just like anything in the sports gambling world, the bigger the payout, the more risk that’s incurred.

Upsides of Parlay bets: Bigger potential payouts.

Parlays are lottery-style wagers where multiple pieces must fall exactly into place to achieve a winning result. What is a Correlated and a Same Game Parlay?.

Parlay sports betting online