But you would have saved yourself a lot of money by betting the combo instead of placing 4 individual bets if you went 0-4. However, if you’d placed 4 individual bets and won 3 while losing 1, you would make a decent chunk of change. For instance, on a 4-team parlay, going 3-1 is no different than going 0-4. Let’s look at some of the ins and outs.īookies offer this category of wager to lure the gambler into a tough situation. But parlays are hard to win, and come with a strict set of rules. Most bettors love the idea of having a chance at a big payoff from a small wager. Easily the most popular of all exotic wagers in sports betting, a parlay (or “combo”) is a collection of 2 or more sides or totals that you place a wager on and all of them must win in order for you to cash in.

“I bought a new propane grill, and combined with my shopping skills I parlayed that into a great family cookout.”Īt the casino or on a sports book, to parlay means something similar. You may have heard the term “parlay” in reference to someone combining one asset with another to achieve success.

Sports betting parlay card