We’re gathered here to solve the matter of what is a Parlay bet for punters that aren’t familiar with the term. This wager involving multiple selections is one that people in Britain probably know by another name. It won’t be long before the Parlay betting meaning becomes clear to you.
A Parlay is just another name for an accumulator or acca betting but used more so across the Atlantic in American gambling circles than here in the UK. It really is as simple as that. The Parlay bet meaning is pretty straightforward, then, if you understand accumulators. We shall explain further for the benefit of those who don’t.
As plain as the Parlay bet definition is, it’s worth looking more closely at how this type of bet works. If there are fewer than four legs in the wager, then there are specific names for them. A Parlay containing three selections is a Treble and two a Double. Before you start thinking that four picks is a Quadruple, the correct term is four-fold. In fact, -fold appears after the number of selections to describe Parlays with four or more legs to them.
When asked what is a Parlay bet, you should know that odds are parlayed, or accumulate, from one pick to another. There’s a lot of multiplication going on when you place one of these wagers through an online bookie for calculating total returns. You only receive a payout from them if all legs win, however, so you must be completely accurate with the selections.
What this means is the more picks you include in your Parlay betting, then the greater degree of difficult involved in pulling the wager off. It can be a real sickener if one leg lets you down, so that’s why bookmakers have Acca Insurance among their betting offers so you can get a refunded stake or bonus to the same value should that happen.
Working through an example Parlay should help you get it straight in your head how it works in practice. That’s what we’re going to do now. There’s no better way of having a Parlay bet explained to you really. In a typical weekend of football betting action, you decide to back six league teams all to win their respective home matches together:
Should all six sides secure victory at their own grounds, then multiplying their respective odds together works out at just less than 23/1 (22.94/1). A £5 six-fold Parlay bet returns £119.70 in total, meaning almost £115 (£114.70) profit. Such a large win off a relatively small stake highlights one reason why these wagers have become so popular.
We’ve just worked through an example of a football accumulator or Parlay bet, so it should be clear in your minds. What you may not realise, though, is just how popular this particular sport is to gamble on. During the Twenty-First Century, placing wagers on football has surpassed horse racing as the number one betting pastime with the British public.
Thanks to an increased commercialisation in the beautiful game, which already has global appeal, gambling advertisers crept in. This has only served to grow football Parlay betting online with bookmakers putting Premier League odds for the latest games at the forefront of their coverage. It has never been easier to place a wager on football.
That is down to other technological advances developed during the internet revolution. The creation of mobile football betting apps allows you to take a punt on your smartphone anywhere so long as you have a Wi-Fi connection. It has made gambling convenient, as well as accessible to a wider audience.
While sponsorship in the product has grown, future changes have now been introduced. Following an April 2023 vote, Premier League clubs will no longer have gambling advertising on their shirts as of the end of the 2025-26 season. It remains to be seen if this measure results in less Parlay betting on football, but for many punters this has become a weekly ritual.
It’s not just the outcomes of different football matches that prove popular as Parlays with punters, but horse races too. The connections between gambling and this sport are even more intimate. This means betting on horse racing has its role to play too. At any given meeting, there are at least six races for you to bet on.
Glancing through today’s racecards, you will often see even more action on the track. There can be seven or even eight races to place wagers on, but some punters prefer to combine their picks from all or selected events at a meeting in a Parlay bet. Unlike football, there are ways of making it more sophisticated and mitigating loss with horse racing.
You could, for example, put Parlays on as each way bets covering both an outright win for your chosen horses and them finishing placed. The unit stake doubles in this case. Non-runners and Rule 4 deductions can also impact a Parlay bet on horse racing in ways they don’t in other sports because these elements aren’t present elsewhere.
Parlays are most closely associated with US sports as the term is American in origin. As their equivalent of an accumulator across the Atlantic, it features prominently stateside in gambling on all the major leagues. A Parlay bet on NFL American football is common with the different Conferences and Divisions of the league to pick winning teams from.
It’s not just the regular season either. Once the playoffs come around, NFL betting sites can showcase the best sides on the gridiron as they bid to reach the Super Bowl. Like other US sports, the odds for American football will be in the moneyline format. Watch out for spread betting too as an alternative option for your NBA Parlay betting wagers.
From one US major league sport to another now. An NBA parlay bet online or two is another common occurrence on the other side of the Atlantic. Shooting some hoops is exactly what basketball betting sites want you to wager on, and there are plenty of chances to do just that. With 30 teams competing in the NBA, that’s 15 games every matchday.
Just like the NFL, there are then extensive postseason playoffs after all the conferences reach their regular end. This means you can continue to place Parlays well beyond the normal season’s conclusion if you want to. Again, look out for moneyline and spread betting options to include in your multiples.
Doing the maths involved to figure out what you stand to gain if one wins is complex. We can take the number crunching off your heads, however, with our accumulator bet calculator specifically designed to handle this wager.
It’s completely free to use and we’ve made this simple tool so that all you have to do is put the right number of legs, odds for each selection and the stake in there and it does the rest. The Parlay bet calculator can handle anything no matter how many picks you’ve put in your wager, so see what your potential profits are next time you place one.
There are some great upsides to Parlays but also plenty of risks that aren’t so good. When you’re thinking of putting a bet like this one, you should consider both sides to the argument.
What about Parlay bet alternatives? Well, quite a few exist and they involve much greater unit stake outlays for higher levels of protection. We’re not talking about Acca Insurance here, but what they call full cover bets that have the same number of selections as your Parlays but placed in every possible permutation of wager from Singles or Doubles and up. Here’s a list of the most popular combination and system bets around:
Used correctly, Parlays can prove profitable with a bit of luck. Although betting is just supposed to be a bit of fun, if you can be successful with it too that helps. Speaking of aid, that’s exactly what our experts are here to do now. They’ve got some hints and tips so that you make better decisions and choices with your Parlay betting moving forward. We’d love to be able to guarantee you a win every time, but that’s just not possible. Follow our experts’ advice and you’ll get things right more often than not at least:
The bookies take these kind of multiple wagers all the time, so there’s no need to worry. There are lots of online Parlay betting sites to choose from as pretty much every single one allows or offers some form of accumulator. Top of the line bookmakers not only have Acca Insurance deals, but provide you with bonuses like additional winnings if your Parlays are successful.
A Parlay is a type of multiple wager where you pick thing from different sports events and put them on the same betslip. It’s just another word, an Americanism in fact, for an accumulator.
They can be in the right circumstances. They come with a greater degree of difficulty than just betting on a win single or each way, though, so consider the risks as well as the potential reward.
That’s up to you really. You’re in control of the stake put down on Parlay bets. You should be able to win a decent amount of money from a relatively small investment.
If done correctly, then yes it’s worthwhile. There are downsides to it that can make you question this though.
It takes skill, knowledge and that intangible element, luck, to win from Parlays.
Yes, you’ve got it. A Parlay bet and an accumulator are exactly the same. It’s just what they call an acca across the Atlantic in North America.
It’s tougher than the average wager. This is because you need all the legs you included in it to win for the bet to payout.
Sure you can. They’re just described as accumulators because that’s the native term for the same bet type in the British Isles.