PLAYING THE PARLAY

There are many terms that a player must familiarize him or herself with before he or she can become intimately involved in betting. While basic betting is relatively simple there are more complex forms of wagers than a basic straight bet. One of the more advanced wagers is something called a parlay. What a parlay is is a wager whose outcome is derived from the results of more than one event. For example, if you were to place a bet on three different basketball teams winning, if any one of those teams were to lose, you lose the bet. If, however, all three teams win, your return is greater than if you were to bet on each team individually in a straight bet. Parlaying can be a great way to cover multiple events with one wager and a great way to increase your winnings if you can accurately predict the outcomes.