Once your ticket starts to look like an arachnid, you’re throwing darts. Remember, you have to win every bet on the ticket, or you get nothing.Īny seasoned sports bettor will tell you that winning one leg is hard enough. The drawback is that your chances of winning plummet substantially with every addition to your betting slip. The allure of the parlay is that it’s a multiplier, which means that your payout increases exponentially with each added game. What is a parlay bet?Ī parlay bet combines two or more bets (also called legs) on the same ticket. Here’s everything you need to know about parlays. And hitting a parlay of those proportions is the ultimate upset in sports betting.īut is placing a parlay bet worth your time and money? It’s a hot-button issue and one worth exploring. We’ve all seen the stories on social media: the average Joe cashes in a 10-leg, life-changing lottery ticket and quits his job instantly. Nothing stokes the flames of a sports bettor’s imagination like the idea of hitting a prodigious parlay. All betting content on NJ.com is written exclusively by Catena Media, which provides expert analysis, reviews, bonuses, and tools for sports bettors and casino players.

Can you cancel a parlay on fanduel