In sports betting, a parlay bet is when a bettor makes two or more bets and ties them together into one bet. A parlay bet may contain two individual bets or many more. Depending on the sportsbook or the region, they may also be called accumulators or multis.
The disadvantage of a parlay bet is that if any of the bets in the parlay loses, then the entire parlay is lost.
A parlay bet is a bet made up of a number of smaller bets. A parlay is a way of linking bets together, so they are treated as one big bet.
You must win every smaller bet to win the parlay bet—if you lose just one of the smaller bets, then the entire parlay is lost.

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