The drawback is that your chances of winning plummet substantially with every addition to your betting slip.
The allure of the parlay is that it’s a multiplier, which means that your payout increases exponentially with each added game. What is a parlay bet?Ī parlay bet combines two or more bets (also called legs) on the same ticket. Here’s everything you need to know about parlays. And hitting a parlay of those proportions is the ultimate upset in sports betting.īut is placing a parlay bet worth your time and money? It’s a hot-button issue and one worth exploring. We’ve all seen the stories on social media: the average Joe cashes in a 10-leg, life-changing lottery ticket and quits his job instantly. Nothing stokes the flames of a sports bettor’s imagination like the idea of hitting a prodigious parlay. All betting content on NJ.com is written exclusively by Catena Media, which provides expert analysis, reviews, bonuses, and tools for sports bettors and casino players.
