Parlay betting is a popular form of betting where you place multiple bets on a single event. In addition, parlay betting is an attractive option because it can cover many outcomes in one bet. Also, it offers some additional flexibility over standard wagers that are made on individual events. Learn more about parlay betting, how to place a parlay bet and the best parlay betting sites below:
Parlay betting explained
Parlay betting is a type of wagering in which the bettor must pick multiple events to win for the parlay to be successful. A parlay is different from other wagers because it does not allow risk-free hedging. The bettor cannot hedge a failed parlay by placing bets on individual events in hopes of winning any money back.
A parlay requires at least two selections to win. However, you can choose as many as ten or more teams or sports players. Generally speaking, the more selections included in the parlay, the higher the payout if it wins.
Top betting sites with parlay betting
Below is a roundup of top betting sites to place your parlay bet on:
Types of parlay bets
There are two types of parlay bets are available, including:
Advantages and disadvantages of parlay betting
A parlay of the bet comes with its own merits and demerits. Take a look at some below:
Sports you can place a parlay bet
Below is a list of popular sports you can place a parlay bet on: