That payout is nothing in comparison to the $1,950.48 payout calculated for the 4-leg parlay by the sportsbook. If we made individual $25 bets, this is what the payout would look like: So, why would you want to group the bets into a parlay instead of bet on them individually?Ī parlay offers a far bigger payout than if you had to make individual bets. The only way you can get a payout is if all these 4 bets are won. We could go on with more possibilities, but you get the gist. Since this bet relies on four different outcomes, how does the payout work? We’ve summarised it below: Bet 1 Let’s look at an example of four different bets grouped in a parlay (we can also refer to this as a 4-leg parlay): You are free to combine different types of bets, including moneyline, point spread, totals, and a lot more.Ī word of caution: you need to win all bets in order to get your payout. This bet can have a minimum combination of two bets but can go all the way up to 15 bets. These terms all mean the same exact thing. It’s common to see parlay bets also referred to as accumulator, combo, or multi bet. A parlay is two or more bets that are grouped together and treated as one wager.
