Instead of wagering a set bet amount on a single game, event or prop, parlay betting offers you the option to tie together two or more of these picks and risk a set bet amount in hopes of a larger ...

Every leg must come true in order for the parlay to win. If one or more legs fail, the entire bet is graded as a loss. Parlays are thus riskier than straight (single) wagers and tougher to win.