Parlay
Multiple bets combined into one wager. Every leg must win. Odds multiply, but so does the vig.
A parlay combines two or more bets into a single ticket. Every leg must win or the entire parlay loses.
Payouts compound multiplicatively:
- 2 legs at -110: ~+265
- 3 legs at -110: ~+595
- 5 legs at -110: ~+2435
But the juice compounds too. A 5-leg parlay of -110 chalk has an effective house edge in the high teens. Parlays are the book’s best margin product for a reason.
Where parlays can be +EV: combining genuine plus-money sides, or capturing correlated outcomes the book has under-priced.
See our full parlay page for more.