Understanding Sports Betting Parlays: How They Work, Payout Structures, and Profit Potential

Parlays are one of the most popular and enticing forms of sports betting, offering the chance to turn a small stake into a big payday. But while the potential payout is high, so is the risk. Let's break down how parlays work, how odds are structured, and whether they're a smart bet long-term — especially across different sports like football and baseball. What Is a Parlay? A parlay bet is a single wager that combines two or more individual bets. In order to win the parlay, every leg must win. If even one selection loses, the entire ...