Parlay Meaning – A Betting Slip Containing Multiple Picks With Multiplied Odds

A parlay is a bet that contains multiple picks, with the odds combined by multiplication. Getting all the picks on a parlay right can earn you a big payout but also make the bet riskier, as you need to get all of your selections right to win the parlay.

The more selections you add, the higher the profit, but the less likely you are to win the bet. This type of bet is also known as an accumulator bet.

For example, if you create a parlay bet and add several selections with odds of 1.6, 1.9, 1.5, and 2.0, and bet $100, your potential payout is calculated as $100 x 1.6x 1.9 x 1.5 x 2.0 = $912.