Parlay (gambling)
From Wikipedia, the free encyclopedia
A parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses. If any of the plays in the parlay pushes, the parlay reverts to a lower number of teams with the odds reducing accordingly.
[edit] Example
Joe places a three-team NFL parlay on the Lions, Bears and Bengals. If any one of those teams fail to cover the spread, Joe loses his parlay bet. But if all three teams beat the spread, Joe gets paid $600 for every $100 bet.
If Joe pushes on one of those picks, he then has a two-team parlay. If he pushes on two picks, he would then have a straight bet.
[edit] See also
[edit] External links
- About.com definition
- Parlay Odds Calculator - Calculate the payout of a potential parlay.
