Parlays also offer bettors the chance to explore player- and team-related prop markets rather than sticking with traditional moneyline, point spread and Over/Under wagers. This enables bettors to win a large sum while only wagering a small stake, as the odds increase with each additional leg. If you wager $30 on a three-leg parlay and it hits, you will win more money than if you had spread it out into three $10 straight bets. While parlays are riskier than straight bets, they appeal to bettors because their betting odds are longer, so they pay more than straight bets. If one leg is wrong, the entire wager loses. There is no partial credit for getting most of your legs right. That inherently adds more risk, as correctly picking multiple outcomes is harder than picking just one.Ī parlay is an all-or-nothing bet. Unlike a straight bet, when you’re wagering on the result of a single game or event, a parlay allows you to wager on multiple outcomes with one bet.įor a parlay bet to win, all components (known as legs) must come true. Here is a list of our partners who offer products that we have affiliate links for. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them.

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