Parlays & Teasers Explained

Which Are Parlays?

A parlay describes a wager that includes matches. To win the parlay, however, all parts of the bet need to win. When you wager two (or more) games at once, your chances of success are smaller, however your payouts become bigger.

With a parlay, you can add any sort of bet (stakes against the spread, moneyline bets, over/under gambling, etc.). If you produce a parlay using four matches, but only three of your picks win, then your parlay loses and you concede your wager. Parlay bets are occasionally referred to as multi bets or multiple bets.

As an example, if you think that the Patriots will cover the spread against the Chiefs in Week 1 and also want the Packers to beat the Seahawks the same week, then you can combine those two stakes into one. You’ll want to win both bets to find a return on your investment, however.

Every bookmaker has their own limit on how many matches you can add to a single parlay.

What Can Not You Parlay?
While building your own parlay bet provides you almost unlimited gaming liberty, most sportsbooks do have any limitations on what you can events you can’t put within a single parlay.

At nearly every sportsbook, you will not be permitted to parlay the moneyline and the spread of the same game. Doing this exposes sportsbooks to more potential financial loss than they are eager to take on. The logic behind this is that you can not parlay events that are linked, since the moneyline and spread obviously are.

The same logic applies to parlays between stocks stakes. If the outcome of a single choice in your parlay is partly connected to a different, your sportsbook isn’t very likely to let you parlay them. By way of example, if you are betting on Winnipeg Jets to win their Western Conference Playoff Finals, you can not parlay this bet with the Jets winning the Stanley Cup.

Last, it’s rare that sportsbook will let you parlay first half/first quarter sides or totals with full match sides or totals.

Of course, there is no definitive answer for what all online sportsbooks will or won’t let you do if it comes to making parlay bets. Both online sportsbooks are wholly alike, and what is restricted at a single book may be allowed at another. Always be sure to read the terms and conditions of the sportsbook you have elected to gamble before proceeding with your own softball.

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