WHAT IS A PARLAY?
A parlay is a bet that combines two or more outcomes that are available to bet on separately. If all of the outcomes you choose turn out to be correct, then you win the bet. If even one of those outcomes turns out to be wrong, you lose the bet. It is an all or nothing proposition. You can successfully pick the first five games right on a 6-team parlay card, but if you get the final one wrong, you lose. Whether you lose the first or last game on your card makes no difference. In order to hit the payout, you have to get every outcome right.