What Are Parlays?
A parlay refers to a wager that includes matches. To win the parlay all areas of the bet have to win. When you bet two (or more) games at once, your odds of success are smaller, but your payouts get larger.
With a parlay, you may add any type of wager (bets against the spread, moneyline bets, over/under gambling, etc.). If you produce a parlay with four games, but just three of your picks win, then your parlay loses and you concede your bet. Parlay bets are sometimes known as multi bets or a number of stakes.
For example, if you think the Patriots will cover the spread against the Chiefs in Week 1 and also want the Packers to beat the Seahawks the same week, you can combine those two bets into one. You'll want to win both bets to see a return on your investment, however.
Every bookmaker has their own limitation on the number of matches you can add to one parlay.
What Can Not You Parlay?
While building your own parlay bet provides you nearly unlimited betting freedom, most sportsbooks do have any restrictions on what you can events you can not put within one parlay.
At nearly every sportsbook, you won't be allowed to parlay the moneyline and the spread of the same game. Doing this exposes sportsbooks to more potential monetary loss than they are willing to carry on. The logic behind that is that you can't parlay events which are connected, since the moneyline and disperse obviously are.
The same logic applies to parlays involving stocks stakes. If the outcome of a single selection in your parlay is even partly connected to another, your sportsbook isn't likely to let you parlay them. By way of example, if you're betting on Winnipeg Jets to acquire their Western Conference Playoff Finals, you can not parlay this bet with the Jets winning the Stanley Cup.
Lastly, it's rare that sportsbook will permit you to parlay first half/first quarter sides or totals with complete game sides or totals.
Of course, there's absolutely no definitive answer for what all online sportsbooks will or won't let you do when it comes to making parlay bets. Both online sportsbooks are completely alike, and what is limited at one book may be permitted at another. Always be sure to read the stipulations of this sportsbook you have elected to bet with before proceeding with your own softball.
Read more: nba sportsbook