What is a Parlay Bet and How Does It Relate to Sports Betting?
I’m sure we’ve all been in a situation before where we stare at the list of games and think to ourselves “if only I could hit a nice 10-team parlay”. Now, depending on the odds of the games you selected or the amount of money actually wagered on the parlay, this bet won’t necessarily make you “rich”. But it could offer up a very nice four or five-digit return. The problem with hitting a parlay that size is that it’s damn near impossible to do. Most experienced bettors refrain from ever making parlay bets. Thankfully, for sportsbooks, parlays will always be a staple of the betting game since there is always the potential of that one big payout every square bettor chases.