A parlay bet, also known as an accumulator bet, is a single wager that combines two or more separate wagers and requires that all of the selections win in order to win. Parlay bets usually pay out more than single bets, but if one or more of the selections loses, the entire wager loses.
A parlay bet’s returns are determined by multiplying the investment by the odds of the first selection, then the second, third, fourth, and so on, depending on how many choices you make. You can place 20+ selection parlay bets on some betting platforms, but the chances of the bet landing diminish with each pick.
If you want to place parlay bets on a regular basis, we recommend betting sites that offer parlay insurance, boosts, or other parlay betting advantages. For example, bet365 offers parlay boosts of up to 70% plus an early payout bonus on a variety of sports, including the NHL, NBA, MLB, and soccer. If your team is winning by a particular amount at any stage during the game, the early payment bonus designates your selection as a winner, and it remains a winner even if the bet loses.
Parlay Insurance Betting Sites
Parlay insurance is available on some betting sites, and it normally reimburses your money if your bet loses by one option. These parlay insurances usually cover bets with four or more selections and usually reimburse the amount in the form of a free bet or cash. However, Parlay insurance is frequently limited to specific sports and betting markets. Check the promotional page of the bookmaker of your choosing to see if parlay insurance is available.