In simple terms, a parlay is a wager which involves two or more teams winning on the same bet. The popularity of these bets is equally simplistic – the bigger the parlay, the larger the payday.
Suppose you like the Florida Panthers to beat the Carolina Hurricanes. But say on the same night you also like the Toronto Maple Leafs over the New York Rangers and the San Jose Sharks to drop the Anaheim Ducks. Instead of placing three separate wagers on each game, you can package them all together into one wager.
This is a parlay. And while explaining what a parlay wager it might be simple, here’s the rub – winning a parlay is difficult. If it wasn’t, people would play them as their wager of choice, considering how lucrative the payday will be on a parlay.
NHL Parlay betting offers a high return and good payouts, but..
Yes, parlays offer a high return, but they also come with a high risk. It’s really difficult to pick one winner. Remember, the best bettors in the world only cash on average about 53 percent of the time. To hit two, three, four or more games in a row, well that’s just not going to happen very often. But when it does, the drinks will be on you and you’ll be telling that story to your friends for years to come.
There are different types of parlays. Like boxing a group of horses in a trifecta wager, you can also play a round-robin parlay, where you can package a number of teams together and create a variety of outcomes that will pay out for you.
Once a parlay is played, the odds are locked in at what they were the moment the bet was placed. And if even one of the outcomes doesn’t go your way, you lose the bet. Whether you go three-for-four or eight-for-10, that ticket is a loser.’
You don’t want to try to make a living playing parlay, but once in a while, they can be a kick. When you decide to have a go at a parlay, why not go over to BetStars to play it? The sportsbook sibling of PokerStars, they’ve got a long-held reputation in the gaming industry.