Now, before you hop on the bandwagon and throw all your disposable income on these types of bets, please read on, because it isn’t quite that simple all of the time. The reason for the parlay garnering more is that the winnings from the first leg of your $10 bet are carried over and they are placed on the second leg (these are also sometimes known as moneylines) of the bet. Not only that, with the two single bets, your initial outlay would be $20, whereas with the parlay, it is just $10. That is because doing a parlay on those two bets would pocket $26.45 in winnings, opposed to just over $18 from the two single bets. That’s an OK return and we are sure those two winning singles would leave a smile on most bettors’ faces.īut as we alluded to, that is not the best possible scenario. Of course, you could have put another $10 on this and when it hits, you'd win another $9.09 in winnings. Let’s pretend that both teams have high-powered offenses, which is great news for you because you have backed the ‘over’ on the spread. You can do that by combining the moneyline bet for the Giants with other wagers. However, there is a way to make more from this. Let’s say your favorite sportsbook has the New York Giants beat the Buffalo Bills at a price of -110. You could simply place a bet of $10 and, if the Giants win, then you can collect your $9.09 winnings. To bring in returns, every bet (or ‘leg’ as they are sometimes known) has to win. If even one bet fails, then the entire bet is a loss. Parlays combine several different wagers into one bigger bet. Thankfully, no matter what the moniker of this type of bet is, it is a form of gambling that has a relatively easy-to-grasp concept. A parlay is sometimes called 'accumulators' or 'multis.' Parlays have different names depending on where you're located.

To find out more about this kind of wager and whether it is a type of gambling that is for you, check out our parlay betting breakdown now.

Moneyline parlay favorites