A Parlay is a single ticket that relies on the outcomes of multiple wagers. Bettors can combine 2+ wagers on a parlay ticket to improve payouts, however, all legs must win for the parlay to count as a win. Parlay odds are multiplied by one another to determine the final odds and will get longer with every leg that is added.
- For example, New England is priced at -150 odds against Washington, and New York is priced at +200 odds against Philadelphia. A parlay of these two teams would result in +400 odds. A $20 parlay wager here would result in a $100 payout if BOTH New England and New York win. If one team on the parlay loses, then the whole parlay is settled as a loss.