A parlay is a high-risk, high-reward type of bet. Instead of risking money on a single outcome, parlay bets require you to wager that multiple outcomes will occur. If all of your selections in a given parlay are successful, you’d win a solid amount (depending on the odds). If even one selection (or leg) loses, the entire bet is a bust and you lose your stake.
Parlays are a fun way to get in on the betting action, but you should make them with caution. Do your research, make smart picks, and hope for the best when placing parlay wagers.
Parlays are sometimes called accumulators, combo bets, or multi-wagers. However, the end result is the same. They all mean linking two or more individual wagers into one higher risk bet.