One of the most ubiquitous forms of sports betting in the world is the parlay. In the course of a gambler's life, he or she has probably made at least one parlay bet. Parlay bets are primarily chosen by gamblers who wish to combine multiple bets (often on different events) in order to achieve a large payout. There is an inherent risk in placing a parlay bet, but because the payout is so large, the action can be justified.
Uncover how a parlay bet works with our detailed guide to online bets placed by people in the United Kingdom. We have compiled advantageous odds for placing a parlay bet online to help you make a prudent betting decision. Our resident tipsters have provided a selection of different parlay betting strategies suitable for various sporting contests you will encounter in your local and global betting markets. Check out our selection of the top 5 places to place a parlay bet in the United Kingdom.
Best Parlay Betting Sites 2025
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Parlay Betting Explained: What Is Parlay Betting?
When betting, people come across different betting lines with different odds. When their prediction does not yield a substantial payout, instead of using the same type of bet in hopes of hitting a bigger target, bettors often double up and bet on multiple lines instead. A parlay bet that is progressive involves betting on more than one team in a single betting slip. This is a good strategy if you want to build your bankroll slowly. Not only does the addition of more bets increase the odds, but it also increases the total payout. Bettors must keep in mind that with a parlay, your wager only wins if all of your picks come in.
There are several types of parlay bets and their combinations depend on how much a player wants to win. You can mix and match different sports to create almost weekly 15-team parlay odds that significantly increase your potential payday. Here's a sampling of the variety of online parlay bets available at UK betting sites.
Should You Bet Parlays?
There is no definitive answer to the question of whether or not to bet on parlays. While winning parlays is essentially a math-free zone, sportsbooks are raking in substantial profits from this increasingly popular type of betting. The odds of winning a given parlay may not be as high as they should be, but the potential payouts are still very attractive. Very confident sports bettors maximize their return on investment by using parlays. Newcomers to sports betting should focus on building a bankroll before taking on parlays, which are high-risk bets with low odds of winning. If the idea of a parlay still appeals to you, start with a modest stake as the odds of winning are much more challenging than with a straight up bet.
Remember that sports betting requires faith in the process. Consider placing a few dollars on a parlay as a way to provide some exciting entertainment for an upcoming day, along with a healthier anticipation of what may transpire if some of our most favorable outcomes come to pass. Also, consider whether it is worth putting a few dollars on a parlay to hedge your bets.
Types of Parlay Odds & Payouts
Parlay bets offer a greater chance of winning when you have more bets on your card, so why not stack several lines together and really increase not only your payout potential, but also your excitement per game? We took a look at some of the top UNSITED parlay combinations to see what our users are picking offline and online, and this is what we found:
- Money Line Parlay Bets - This bet involves selecting the outcome of more than one tie in a single bet. All the teams you have picked as favorites must win their respective games for the betting card to pay out.
- Parlay Futures - A player's betting card may parlay his predictions for the tournament winner with each game of the team predicted to win during the round-robin phase of the competition.
- Over/Under Betting - Players who are concerned about betting on the exact score of multiple teams can predict the total points of each game. This is a relatively safe bet as each league competition generally has an expected average number of goals per game over time.
Pros Of A Parlay Bet
Sports betting can take several forms, and one of the most exciting (albeit risky) is parlay betting. Each individual bet within a parlay must win for the total wager to pay off, but the potential returns are quite large. In fact, parlay betting is a way to turn a relatively small amount of money into a big payday. Parlay betting also adds an extra dose of excitement because the bettor is not just waiting to see how one or two or maybe even three contests play out, but is also hoping for the simultaneous success of a couple of specific outcomes. Parlays are also convenient. They save time because you can make one bet on two or more outcomes instead of making a bunch of separate bets. And you can do that with football, basketball and a number of other sports.
Cons Of A Parlay Bet
Parlay sports betting is a form of betting on the outcome of multiple events. With this type of betting, bettors take all of their individual bets and combine them into one for a chance at a much larger payout. Unlike straight bets, where you can kind of feel your way to a win, parlay payouts are huge, and there's a reason for that: they come with a lot more risk.
Parlay wagering is a common form of sports betting in which several individual bets are combined into one larger bet, usually on the outcome of two or more games. The appeal of combining multiple bets into a parlay is the potential for a large payout. The attraction for the house, of course, is that parlays are very hard to win. If you don't win, they keep your money. If you win, they pay out big. For sports bettors in general, parlays represent a few basic principles of sports betting: They are quite a bit more expensive than straight bets, and they can be very hard to win.
If you're considering parlay sports betting, it's important to understand that this type of betting typically results in more losses than when bets are placed separately. This can make maintaining a bankroll and practicing responsible gambling more difficult.
Sports Parlay Betting System
The only way to be sure that all your bets are placed correctly is to use the parlay strategy and do it correctly. For different eSports events, there are different strategies - sometimes even different ones for different games of the same event - that you need to use to ensure that you have a good chance of winning at the end of the day.
- The most common bets that players generally choose are two or three team parlay bets. You can increase the odds on these bets by placing a substantial amount of money on them to make the bet worthwhile. In our opinion, this is a safer bet than betting on more than three lines on the same ticket.
- The majority of players take the lines from parlay bets and mix them up. They do this to take advantage of the different odds found in each betting market. For example, if you bet on a line from a basketball playoff game and then use that line in a parlay with a match bet on cricket to somehow "improve" or "boost" your payout, you have parlayed bets on two different sports.
- Players should understand that the payout on a parlay is dependent on the specific combination of bets chosen. In other words, a money line parlay only pays respectably if you pick the underdogs to do something they don't normally do - win.
- Also, make sure you understand how the parlay calculator works. The vigorish of each bet is built into the odds that the bookmaker gives. And since cumulative odds are used to determine what the player should receive for a winning parlay, it goes without saying that the risk increases as more selections are added to the parlay.