A parlay bet, sometimes called an accumulator, is a bet that combines 2 or more wagers into one ticket.

The outcome of the wager depends on the outcome of every game on the ticket. To win a parlay, every bet on the wager must clear. If one outcome of a parlay loses, the entire bet loses.

If one of the events is canceled, tied or results in no-action, then that bet is removed from the parlay. If it was a 3 team parlay with 1 event resulting in no-action, it then becomes a two game parlay.

Example of a Parlay Wager:

3 Team Parlay

We’re going to show you a Three Team NFL parlay:

Pittsburgh Steelers (-10) over Kansas City Chiefs

Indianapolis Colts (-1) over Baltimore Ravens

New England Patriots (-11) over New York Jets

Risk: $100 | Payout: $681.39

In the event that 2 out of 3 of those outcomes were correct, the full wager would be lost; however, if all three of those teams won, the profitable wager would clear. You can see that the risk is higher than standard straight wagers, but the payout is high as well.

Parlay betting can be risky, but worthwhile when you pick your matchups.

Multi-sport parlays are available at Belmont.ag, so you could combine your picks from NBA, NFL, NHL, NCAAF, NCAAB or any other major sport.