Every time a new pick is added to the bet slip, the number of possible bets that can be created from the list of selections increases. If any selection in the parlay loses, the entire bet is settled as a loss.Īt the best sportsbooks and online casinos in Canada, sports fans can expect to find several different types of parlay betting options. To win a parlay bet, all of the selections on the bet slip must be settled as a winner. When making a parlay bet, the odds for each selection are multiplied together, increasing the odds and total return of a single wager. Parlay Bet MeaningĪ parlay bet combines two or more selections into a single bet to generate a bigger payout. Parlay betting offers a chance for sports fans to boost their odds and increase their profits without putting more of their own money at stake.Ĭheck out our definition of a parlay bet below. Parlay betting is one of the best ways for sports fans to win big while betting on sports without taking on too much financial risk.Ī parlay bet combines multiple outcomes into one bet to generate a bigger payout. To learn more about parlay betting and how to make a parlay bet, check out our comprehensive parlay betting guide below. These types of bonuses and promotions can help bettors reduce risk, maximize their return, and get more out of their sports betting experience. The best sports betting sites in Canada incentivize members to make parlay bets by offering accumulator bonuses, free bets, parlay insurance, and more.
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