Parlay betting works by multiplying the odds of each individual bet to create a larger potential payout.

However, if any one of the teams fails to cover the spread, the entire parlay bet is lost. If all three teams cover the spread, the bettor wins the parlay bet. They choose the point spread for each game: The bettor selects two or more outcomes they want to bet on, and all of them must win for the bet to be successful.įor example, let’s say a bettor wants to place a parlay bet on three NFL games.

Parlay betting, also known as accumulator betting or combo betting, is a type of sports betting that involves placing a single bet on the outcome of multiple events. This article will explain what parlay betting is, how it works, and some tips on how to use it effectively. Parlay betting is a type of bet that involves combining multiple bets into one. If you are new to sports betting, you may have come across the term “parlay betting” and wondered what it means.