A 'parlay' bet is a bet placed on multiple outcomes (or legs) to occur. For a parlay bet to win, all outcomes (or legs) within the parlay must be selected correctly. The odds for each pick are multiplied by one another to determine the odds for the parlay.

For example, New England at -150 odds, parlayed with New York at +200 odds, would result in +400 odds. Wager $20 on the above two picks, see New England and New York BOTH win and you cash in with a cool $100 payout.

See how much you can win with your next bet.

Payouts and profits may vary slightly depending on methodology and rounding when converting odds or calculating parlays. All payout and profit numbers here are shown for illustrative purposes only and may vary slightly from actual payouts and profits.

Progressive Parlays, a variation of traditional parlays, offer bettors the flexibility of multiple selections in a single wager with a unique twist. Notably, these parlays introduce margin of error, allowing the bet to pay out even if some selections within the parlay result in a loss. The number of selections within a Progressive Parlay that can settle as a loss and still result in a pay out is dependent on the total number of selections in the Progressive Parlay. The greater the number of selections included in a Progressive Parlay, the greater the potential returns and the greater number of losing selections allowed.

For more information on how to place a progressive parlay and requirements, check out our Progressive Parlay help article.