Additionally, payouts for parlay betting are fixed at the time the bet is made. If both games in your parlay tie, you will not win but will be returned your original bet amount.ĭifferent sportsbooks have different odds, so when placing a parlay bet it is best to first do your research. On a three-team parlay, a tie and two wins would produce a winning two-team parlay payout. However, a parlay can still win if a game is tied or canceled.įor instance, on a two-team parlay, a tie and a win would produce a straight wager payout. To win the parlay, you have to win both bets. Famously referenced in the Oscar-nominated film Silver Linings Playbook, a parlay bet is a bet on top of another bet.
Parlay betting is a fun way to combine multiple bets.
