When it comes to sports betting, parlays are officially the number one betting market across the US, Europe, Africa, and other parts of the world, too.

This trend started in around 2019 when FanDuel introduced same-game parlays. The concept sent betting fans into a frenzy and has (unsurprisingly) stuck around ever since.

What is Parlay Betting?

Parlay betting is when you combine two (or more) wagers into one. For your parlay to win, every bet must be successful. For example, if you’re an NFL fan, you might wager $10 on three outcomes to happen:

✔️ Buffalo Bills to beat the New England Patriots (Moneyline)

✔️ Kansas City Chiefs to beat the Los Angeles Chargers (Moneyline)

✔️ Dallas Cowboys to beat the New York Giants (Moneyline)

If all three of these outcomes came true, then your parlay bet would be successful — simple. However, if only two out of your three predictions happened, the parlay bet would lose. Make sense? Great. Simply put, all of your predicted outcomes need to actually happen in order for you to win.

Where to Place Parlay Bets

Every weekend, millions of people grab their smartphones to place parlay bets on the sports action. If this is something you’ve never done before, you’ll need to choose from one of the officially licensed sportsbooks on Gamble USA. After creating an account, you’ll then be able to place your first ever parlay bet.

Why Parlay Betting Has Become the Top Betting Market

There are a couple of reasons why parlay betting has become so popular in the sports betting world.

Reason #1 is because it’s incredibly exciting, as you automatically become invested in the outcome of several different events. Reason #2 is because (when parlay bets are successful) they’re incredibly profitable.

As you’re betting on multiple outcomes, parlay odds are much higher than regular odds due to the extra risk. So, if you can be smart with your parlays, the opportunities to win big are huge.

Is Parlay Betting Worth It?

Yes — parlay betting is absolutely worth it due to the potential profitability. However, parlay betting is only recommended for experienced bettors who’ve been doing it for a long time. If you’re a beginner or complete newbie, it’s advised that you stick with single moneyline bets to start with. Over time, you can then progress to placing parlay bets, whether you’re a fan of football, tennis, or all sports.

Summary

Every few years, a new sports betting trend emerges that captures everyone’s attention. This has recently happened with parlay bets. Until the next trend comes along, parlay bets will remain at the top of the sports betting market, so it’s recommended you give them a try and find out if parlays appeal to you. Remember, parlay bets hold huge potential, so place your bets smartly and take plenty of time to research the teams you plan to bet on.