Beginner's Guide to Parlays

Parlays combine multiple bets into one ticket. To win a parlay, all legs (bets) must win. The appeal is simple: bigger payouts than single bets.

How Parlays Work

Each leg of your parlay multiplies the potential payout. For example:

• Bet 1: -110 (implied 1.91 in decimal)
• Bet 2: +150 (2.50 decimal)
• Parlay odds: 1.91 × 2.50 = 4.77 (roughly +377)

Advantages of Parlays

• Smaller stakes can win big.
• Exciting and engaging way to follow multiple games.

Risks of Parlays

• All legs must hit—one loss and the whole parlay loses.
• The more legs you add, the lower your actual chances.

Tips for Beginners

• Start small with 2–3 leg parlays.
• Avoid chasing "lottery ticket" parlays with 8+ legs.
• Use parlays strategically, not as your main betting style.