What is a Parlay?
A parlay is a sports betting wager where you combine multiple individual bets into a single wager.
To win using this bet type, you must correctly predict the outcomes of two or more bets, or "legs," that make up the parlay.
FanDuel offers a wide variety of parlay betting markets, from standard point-spread parlays to more specialized offerings like same-game parlay bets.
Understanding the different parlay types and how to build an effective parlay strategy is crucial for sports bettors looking to maximize their potential returns.
Here's a basic summary of how those returns are affected by increasing the legs in a parlay:
Bet Type | Potential Payout | Risk Level |
---|---|---|
Two-Leg Parlay | +300 | Moderate |
Three-Leg Parlay | +600 | High |
Four-Leg Parlay | +1000 | Very High |
Understanding FanDuel Parlay Options
FanDuel provides several parlay options for bettors to choose from, each with its own unique characteristics and potential advantages.
The most common parlay types available on the FanDuel Sportsbook include:
- Standard Parlays: These are the traditional multi-game parlays where you combine two or more individual bets, such as point spreads, moneylines, or over/unders, into a single wager.
- Same-Game Parlays: This feature allows you to combine multiple bets within a single game, such as player props, point spreads, and game totals, into a single wager found on the same-game parlay tab.
- Point-Spread Parlay Teasers: Teasers are a special type of parlay where you can adjust the point spreads of the individual legs in your favor, but at the cost of a lower potential payout.
Understanding the nuances of each parlay type and how they fit into your overall betting strategy is crucial for success.