Leg of a Parlay
In sports betting, a parlay consists of multiple bets combined into a single wager. Each individual bet within the parlay is referred to as a "leg." For the parlay to be successful, all the legs must win. If any of the legs loses, the entire parlay bet is lost.
For example, let's say you place a 3-team parlay on three different football games. Each game is an individual leg of the parlay. To win the parlay, all three teams must win their respective games. If one team loses or ties, the entire parlay is considered a loss.
Parlays offer the potential for higher payouts than individual bets, as the odds for each leg are multiplied together. However, they also carry higher risk, as one incorrect pick can lead to the loss of the entire bet.
Parlays are a popular betting option for those seeking bigger potential rewards and enjoy the challenge of predicting multiple outcomes correctly. Bettors often combine point spreads, moneylines, and totals in their parlays to create more significant profit opportunities.