For example, you could make a straight-up bet on a Major League Baseball game, coupled with a basketball point spread bet. You can make NFL parlays or combine different bets from various sports. If even one bet in your sports parlay is a loss, your entire parlay bet loses. But they all mean the same thing: a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. What Does Parlay Mean?ĭepending on the sportsbook, parlays may be called accumulators, combo bets or multi-wagers.

However, you can have multiple versions of the same bet as long as it’s on different games. Usually, you would pool straight-up bets with spreads and totals. What Is A Parlay Bet?Ī parlay bet is a sports bet that combines multiple straight bet wagers on one ticket. Like this bettor who turned $50 into an insane $1.13 million on a 15-team parlay. I’m sure you’ve seen bettors turn a small sum of money into life-altering payouts by parlaying multiple bets together.