There are many restrictions about correlated parlays (bets that are tied into each other) and how many wagers can be combined (for example, Pinnacle allows up to ten legs in a parlay), but most sportsbooks use a similar payout formula for parlays. As more and more bets are included in the parlay, the juice continues to rise - especially at Las Vegas sportsbooks. But why are sportsbooks so willing to share this information after they’ve lost almost six-figures? It’s because parlays typically provide the house with a larger edge than straight bets. Parlays allow recreational bettors to turn small wagers into real money. IxKL8dOaZvįor casual bettors and weekend warriors, hitting this type of epic parlay is the ultimate fantasy. You’ll never hear sportsbooks talking about the stockpile of losing tickets but, as you can see from the tweet below, they’re more than willing to discuss the winners. Parlays are most popular during football season where bettors will oftentimes string together a dozen bets in hopes of striking it rich, and sportsbooks readily play into this get-rich-quick mentality. However, bettors can sometimes parlay several teams together for massive one-time payouts. If any of the bets in the parlay lose, then the entire parlay loses.

For anybody unfamiliar with this bet type, a parlay is a combo bet with two or more wagers linked together. The parlay bet is a lot like Casey Anthony (or Michelle Rodriguez if you prefer), simultaneously very attractive and highly dangerous.

Sports betting parlay articles