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A parlay is a combination of 2-9 teams online. The parlay can be comprised of a series of bets on a team, over/under bets, or any mixture of the two. For the parlay to be a winning wager, every one of its individual plays must win. If any of the individual plays is not a winner, then the entire parlay wager loses.

If, however, one of the individual plays is a "push," then the parlay reverts to the next amount of teams. For example, a three play parlay would become a two play parlay; a two play parlay would become a straight bet, with corresponding reductions of the payoff.

Why wager on a parlay and not make several individual bets? The payouts for parlays are significantly higher than for individual bets. But remember, since every one of the individual plays must win, it's an all-or-nothing bet. If you win two out of three plays, the parlay still loses, whereas you would have won those two plays as individual straight bets. You are given better odds because predicting the outcomes of several plays together is more difficult than predicting any individual play.

All four major sports can be parlayed (football, basketball, baseball, and hockey). Money Lines that differ from -110 will affect the payout of the parlay. The higher the negative money line, the lower the payout of the parlay. The higher the positive the negative money line, the lower the payout of the parlay. The higher the positive