As such, they are generally considered a more challenging and risky form of sports betting. Parlay bets can be an exciting way to potentially win big with a smaller initial stake, but they come with higher risk due to the requirement of all selections being correct. On the other hand, if just one of the teams loses, the entire parlay bet is lost. If the over/under of a particular match-up is listed as 5. However, if you combine all three bets into a parlay and all three teams win, the potential payout would be higher than if you had placed each bet separately. Champions League final odds for an over/under bet give you the opportunity to wager on the final combined goal total between two teams. If you place three separate individual bets and each team wins, you would receive the payout for each individual bet. As a result, the more selections you include in your parlay, the higher the potential payout, but the greater the risk, as all selections must win for the bet to be successful.įor example, let’s say you want to bet on three football games: Parlay bets offer the potential for higher payouts compared to single bets because the odds of each individual selection are multiplied together to determine the overall odds of the parlay. In a parlay, every bet on the ticket must win in order for the parlay to win.
What Is A Parlay Bet?Ī parlay bet is a single wager on the outcome of two or more events. Learn what a parlay is and how to place one on the DraftKings Sportsbook App by watching our step-by-step tutorial. Parlay betting is one of, if not the most popular bet placed on online sportsbooks.
