Parlay

A parlay 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.For example: Joe placed 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.

Links

About.com definition
Parlay Odds Calculator – Calculate the payout of a potential parlay.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Need an webmaster? Click HERE

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.

This entry was posted on Wednesday, April 8th, 2009 at 6:04 pm and is filed under Wagering guide. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.