How parlays work
A 3-leg parlay at -110 each pays roughly 6:1. That's the appeal — turning small stakes into large wins. The catch: a 3-leg parlay carries roughly 12% built-in commission (vs 4.5% on a single bet).
When parlays make sense
If each leg is independently +EV, a 2-3 leg parlay can maintain the +EV through multiplication. Same Game Parlays (multiple legs from the same game) carry higher commissions but can be +EV when correlation is mispriced.
Use our calculator
Compute exact parlay payouts with the parlay calculator.
FAQ
What is a Parlay Bet?
A parlay combines multiple individual bets into a single wager. All legs must win for the parlay to pay; if any leg loses, the entire bet is lost. Payouts multiply with each leg added.
Where can I place this bet?
Most major US sportsbooks offer this bet type. Our top picks: DraftKings, FanDuel, BetMGM.