Parlay Sports Betting Explained | How To Place A Parlay Bet

What Is a Parlay Bet?
In sports betting, a parlay bet is when a bettor makes two or more bets and combines them into one wager. Depending on the sportsbook or the region, these bets may be called “accumulators” or “multis.”
The gambler must win every small bet to win the parlay bet, and losing just one of the smaller bets loses the parlay. A sportsbook commonly provides larger payouts for adding more games to each parlay. Parlay bets are riskier since they comprise many individual chances but give a bigger payout if all individual wagers win.
How to Make a Parlay Bet
There are many ways to make a parlay bet. Any online or in-person sportsbook allows this kind of bet and will calculate the odds of winning. Casinos use a popular option called a parlay card to choose teams and totals. The card is provided to the ticket writer in the sportsbook, along with the wagered money. Mobile betting platforms like BetMGM, FanDuel, and DraftKings also have parlay formats.