It’s also important to note that most sportsbooks, especially online sportsbooks, allow users to wager extremely small amounts on parlays. Some bettors love the idea of having an enormous return of their initial stake if they can combine multiple legs on one bet. This is one reason parlays have become so extremely popular. The more legs you add increases the risk and rewards but decreases your probability of winning. Parlay betting just requires bettors to select multiple teams or players from a given matchup to be paired with another team or player from a different matchup.Įach team or player added to your ticket is considered a “leg” as mentioned earlier.
If you’ve never placed a parlay bet and you’re thinking it sounds like a super complicated task to add multiple legs to the same ticket, breathe a sigh of relief because it’s a fairly simple process.
