For example, if you want to place $11 on a bet, but winning $10 doesn’t excite you enough, you could put that $11 to use in a parlay. Parlays are a cheaper way to win bigger payouts potentially.
However, parlays multiply the odds of your winnings, which is the risk-reward of parlays. Obviously, in that case, if you bet them individually, you’d have won two bets and only lost one. If you win only two of them, you get nothing. If you place a three-bet parlay, all three bets have to win for you to cash in.
