What is a parlay bet?
- A parlay bet is a type of sports bet in which you combine two or more individual bets into a single bet.
- In order to win a parlay bet, all of the individual bets that make up the parlay must win.
Example from the NBA:
- Let’s say you want to bet on three different NBA games: the Los Angeles Lakers to win, the Boston Celtics to win, and the Houston Rockets to cover the spread.
- If you bet on each game separately, you could win or lose each individual bet.
- But if you place a parlay bet, you would combine all three bets into a single wager.
- If all three teams win or cover the spread, you would win your parlay bet.
How to place a parlay bet on BetRivers:
- Log in to your BetRivers account or create a new one.
- Choose the sport and games you want to bet on.
- Select the bets you want to include in your parlay by clicking on them.
- Once you’ve chosen all of your bets, they will appear in your bet slip.
- Enter the amount of money you want to wager on your parlay.
- Check the odds and potential payout for your parlay bet.
- Click the “Place Bet” button to confirm your wager.