I have tried Parlay Betting for the first time and I’m up on them but they are risky bets. I have placed 6 parlay bets with FREE bets I was given at a Casino. I was lucky and won 4 of 6 for $198.00 Winnings. It would have cost me $95.00 to win the $198.00. There were a lot of nail bitting games. The one where I won $110.00 on a $25.00 Free Bet. Two of the 3 games went into extra innings.

A parlay bet is a type of wager that consists of two or more sporting selections (i.e., bets). In order to win this type of bet, all of the selections will need to be correct otherwise it would result in a losing bet. It stands to reason that this type of bet is harder to find success with but the payouts are significantly higher if you happen to win your bet.

The more legs you choose the higher the Parlay will be. Naturally, this will result in the wager being particularly hard to win. The whole concept of parlay bets is exactly as it would be with all forms of accumulator bets. The more unlikely your selections are to be successful the more dramatic your payout potential will be. For this reason, it will be difficult to implement solid strategies when using parlay bets as a lot of factors will not be in your control, most notably luck.