Types of Sports Bets: Parlays, Accumulator and Combination Bets
Many players enjoy the thrill of the parlay bet, where a number of bets are placed one after the other, with the potential return (and the associated risk) multiplying after each event.
In the above example, the bettor has selected Miami to win the AFC East, Cleveland to win the AFC North, and Kansas City to win the AFC West. Three individual stakes of $10 each would return $40, $35 and $17.70 on each proposition, a return of $92.50 on the $30 wagered. However, the bettor has chosen to combine all three bets into a parlay, and this offers him or her a return of $247.80 on his or her bet of just $10, a considerably improved return. It is important to note, however, that all three individual propositions must win for the bet to win. If one loses, the entire bet is a loser.