A Parlay bet is a series of two or more bets on different events that you group together into one bet.
As you place each selection at the sportsbook, the odds from each are multiplied together which means a potentially greater return than if you had placed each bet as a single.
However, as enticing as that sounds you do need to be sensible and selective with your selections. A parlay bet can be a tidy little earner but can turn ugly very quickly because if just one bet of your parlay loses your entire parlay bet is a loss.
A Parlay gives you the power to be shockingly ambitious by combining straight-up bets, prop bets, spreads or totals over various sports or you may decide to create a Parlay solely from your favourite sport.
For example, in a 2 leg parlay, you could make a straight-up bet on a soccer game, coupled with a game spread on a tennis match.
You can place 2 leg parlays, 3 leg parlays 4, leg parlays or bigger and watch as your odds multiply in size. However, at this time most New Jersey sportsbooks will not allow you to bet more than 10 selections.
1) Get an account at DraftKings and make a deposit. It only takes a few minutes to register, and you can claim a massive $500 Risk-Free First bet.
2) Browse the thousands of bets you can place across all of the sports. When you have decided on your first leg, click on it and it will be added to your bet slip on the right side of your screen.
3) Repeat step 2 adding selections into your bet slip until you have all your selections listed.
4) Once your bet slip contains all your selections, it is time to turn your bet into a parlay and place your bet. At the top of your bet slip, you will see "Parlay" click this and your bets will turn from single bets into one bet, a Parlay Bet.
5) Enter the amount you wish to wager in the box at the bottom of your selections, and you will now see the accumulative odds and the amount you will win if ALL your bets win. If you are happy click "Place Bet."
6) And just like that, you have placed a Parlay bet at DraftKings.
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