The upside of a parlay is that your payout is multiplied. Now if you add in two, three or four selections, your chances of correctly predicting them all decrease. Think about it: you have a 50/50 shot at correctly predicting the result of one game. The pros and cons of parlays are quite simple. If any of them lose, you lose the entire bet. If they do, you’ve won your three-game parlay. Setting aside the odds for each selection, what you’d need here is for Dallas, New England and Seattle to win for you. If any of your selections lose, you end up losing your parlay. You bet on two or more outcomes to come through and if they do, you win. ![]() How does parlay work?Ī parlay is a type of bet where you tie together multiple outcomes. If you’re new to this type of wager and have been wondering what is a parlay, let’s do a deep dive and elaborate on what they are, the math behind them and when it makes sense to bet them. ![]() However, if everything goes as planned, you get to cash in big time. One way to do that is with a parlay bet, which is a type of play where you need several outcomes to go in your favor. ![]() That’s the ideal scenario when it comes to gambling as many bettors dream of hitting it big.
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