Betting on parlays involves combining multiple sports bets into a single wager. We'll take a look at how parlay betting works for sports betting , how parlay odds are determined and parlay betting strategies. You can also start betting parlays right now at DraftKings Sportsbook :

What is a parlay bet?

A parlay bet is when a user combines multiple wagers into a single bet slip. This means the user is counting on multiple outcomes being correct to cash the bet, as opposed to betting on each outcome individually. Because of this, the odds are higher than individual bets at sports betting sites . However, users are less likely to cash parlay bets, as even one incorrect outcome causes the entire bet to lose.

How parlay odds work

Parlay odds are calculated by taking the odds of eac

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