What Does Parlay Mean?ĭepending on the sportsbook, parlays may be called accumulators, combo bets or multi-wagers. However, you can have multiple versions of the same bet as long as it’s on different games. Usually, you would pool straight-up bets with spreads and totals. What Is A Parlay Bet?Ī parlay bet is a sports bet that combines multiple straight bet wagers on one ticket. Like this bettor who turned $50 into an insane $1.13 million on a 15-team parlay. I’m sure you’ve seen bettors turn a small sum of money into life-altering payouts by parlaying multiple bets together. Video Poker Guide: Play the Best Online Video Poker GamesĪre you looking to make your sports betting even more interesting? Have you tried bundling some of those point spreads, OVER/UNDERs or moneyline bets together to earn a higher payout? If so, you’re looking at what’s called a parlay.