It's why we recommend new bettors avoid making complex parlays with unrealistic chances of winning. But that's what bettors need to successfully bet parlays. Think about how many times you've bet a handful of games and gone undefeated in one night. Going 2-1 as a parlay is a loss of $100 even though you won more than you lost. Taking that same example, winning two of three bets with +200 odds nets $300 (two wins at $400 and a $100 loss). Of course, the con to this is that the entire parlay is ruined if even one game loses. But if a bettor parlayed those bets together and bet $100, the payout is $2,600. Winning three separate bets at +200 (with $100 wagers on each) nets $600 profit. The obvious pro of a parlay is that your potential payout increases instead of a single bet or multiple bets by themselves. For example, BetMGM Maryland calls them 'One Game Parlays' whereas other stick to the 'same game parlay' saying. Keep an eye out for different variations of this wager style, as they are similar. For example, you could place a same game parlay on the Ravens with Ravens moneyline, Lamar Jackson Over his rushing yards total, and total score Over.

It may include player props, spreads, totals or other wagers, all from the same game or match. 'Same game parlays' are parlay wagers focused on one specific game. Sportsbooks will let you know what's allowed and what isn't as you're building out your parlay. The traditional point spread, total, and moneyline bets will always be a part of parlays, but there are an increasing amount of options for bettors. There was a time when just a few types of bets could be included, but sportsbooks are now making same-game parlays as well as team and player prop bets available as part of parlays. Sportsbooks continue to expand the types of bets that can be put into parlays. Even if the Bears lost, a bettor could still win the Ravens-Packers part of the round robin. A round robin would break up that parlay into three two-team parlays (Ravens-Packers Bears-Packers Ravens-Bears). For example, an NFL bet on the Ravens, Packers, and Bears all to win as -200 favorites, all three teams would need to win for the parlay to be successful. A round robin differs from a parlay in that all legs of the parlay do not need to be successful for a bettor to win. A round robin bet is a set of events that are split up into mini-parlays that offer multiple chances to win.

What does parlay mean in sports betting