Also known as an accumulator, a parlay bet is a teaser bet. This when gamblers betting online, spread out a number of wagers across the board resulting in the winnings to become dependent on each bet paying out. Parlay betting is both wise and silly at the same time, as one will look like a genius if all of the bets can win and they receive a high payday. Conversely, if one of the parlay bets loses, the gambler will look silly because they lost everything even though they did not lose all of the bets.
Parlay bets are paid out at higher odds then a single bet, because of the money being spread out amongst various bets. A parlay is common in casino games such as craps and roulette, as people playing these games spread out the bet's over numerous tiles on the boards.
Another place where parlay bets are used is during pick'em events for sports such as football where all of the teams play on the same day. Here the ratio of Northbet.com odds to win is better when spreading out over a variety of games as opposed to placing a single bet on one team.
Furthermore, parlay bets are the best for recreational gamblers as making a bet such as this, is good every once in a while as it can result in a lot of cash during a quick payout.
On sites such as proline.com parlay bets are the way to go for all sports, as this site is primarily a pick'em site.
