Sports betting is complicated and it can be intimidating as a new bettor. We’re here to help.
A parlay is a wager with multiple outcomes — and all must win — and the payout increases with the more outcomes, or legs, you include. A parlay can essentially serve as a lottery ticket. A 2-leg parlay is fairly basic, but you can also load up with about 10 legs, and the odds can get pretty wild. A standard 3-leg parlay pays 6-to-1 odds but if one of those 3 legs is an underdog on the moneyline, then the payout increases even more. You pick all the legs — and then root them in — and you can imagine the heartache if only 1 loses. Parlays are very popular because bettors dream of turning a little bit of cash into a big payout.
I remember my first bet, too. Now, it’s time to play.
Photo credit: Shutterstock
