
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Understanding Parlay Betting
Parlay betting is a popular form of sports betting where multiple individual wagers are combined into a single bet. For the parlay to win, every individual wager, or "leg," must win. Parlays are attractive because they offer higher payouts than placing individual bets, but they also come with higher risks. If even one leg loses, the entire parlay is lost.
There are several types of parlays, including traditional parlays, which combine bets from different games or events, and same game parlays, which allow bettors to combine multiple outcomes from a single game. This versatility makes parlays an engaging way to bet on sports, offering both excitement and the possibility of higher payouts. Understanding DraftKings' odds is very important as well.
Getting Started with DraftKings Parlays
To begin placing a parlay on DraftKings, follow these simple steps:
- Log into your DraftKings account: Access the sportsbook either via the app or website.
- Select your sports market: Choose from sports like the NFL, NBA, or MLB. For example, select an upcoming Green Bay Packers game.
- Pick multiple outcomes: Add multiple bets to your bet slip. For instance, in a same game parlay, you might bet on the Packers to win, Aaron Rodgers to throw for over 250 yards, and the total game score to exceed 48.5 points.
- Set your wager amount: Once you have your parlay ready, enter the amount you want to wager.
- Place your bet: Review your parlay and confirm your bet.