By Dexter Foley
Sports Betting: What is a Parlay Bet?
A single bet involving two or more wagers, with the payoff getting higher depending on how many wagers (also known as legs) are involved. You can parlay moneylines, point spreads and totals together in just about any combination. All of the wagers in your parlay need to win for your bet to be successful.
For instance, let’s say you want to parlay the Commanders moneyline at -180 with the Chiefs moneyline at -155, which means you think Washington and Kansas City both will win. A winning $100 bet would pay out $155.56. Let’s say you want to parlay the Commanders (-180), the Chiefs (-155) and the Cowboys (a moneyline underdog at +110). Because you added another leg to your parlay, and an underdog to boot, a winning $100 bet would pay out $437.43.
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