It is extremely hard to pick a winner against the spread. Parlays are the most popular bet amongst amateur bettors since it has the potential for the biggest payout.ĭoc’s Sports is the home of NFL picks, MLB picks and college football picks for every game, every season. A parlay can also be called an accumulator or a combo bet. In order for a parlay bet to be successful, each team involved must win, or cover the spread – depending on how you bet them. When you hear someone mentioned the term “parlay” in a sports betting discussion, they are referring to a type of bet that involves two or more teams. Parlay Definition - What is a Parlay? Parlay Meaning Thankfully, for sportsbooks, parlays will always be a staple of the betting game since there is always the potential of that one big payout every square bettor chases. Most experienced bettors refrain from ever making parlay bets. The problem with hitting a parlay that size is that it’s damn near impossible to do. But it could offer up a very nice four or five-digit return. Now, depending on the odds of the games you selected or the amount of money actually wagered on the parlay, this bet won’t necessarily make you “rich”. I’m sure we’ve all been in a situation before where we stare at the list of games and think to ourselves “if only I could hit a nice 10-team parlay”.