What is a parlay in sports betting?
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A parlay combines multiple bets into one. All your selections must win to cash in, but the payout is bigger than betting individually.
For example, at bet365 you create a three-team NFL parlay:
- Chiefs to win (-200)
- Packers to win (-150)
- Cowboys to win (-180)
Individually, these bets won’t pay a ton. But in a parlay, if all three teams win, you could turn a $50 bet into over $200. The catch? If any one team loses, the entire parlay loses.