Since odds combine by multiplication, there is a much larger payout for a two-game parlay than for the potential payout of making the same two individual bets. Typically a winning parlay will have bigger payouts since the final payout is based on the combined odds of the individual bets. If the bettor loses even one of the individual bets the entire parlay bet loses.
In order to win the parlay bet, the bettor must win all the individual bets. Photo Credit: Geoff Burke-USA TODAY SportsĪ parlay bet is a wager in which two or more bets are combined into a single bet.
