As such, bettors should approach parlays cautiously at first, and experiment with riskier strategies with higher potential payouts only after gaining the requisite experience to evaluate risk vs. Parlay betting is a complex practice, with the potential for high reward and high risk. Tips and advanced strategies for using our best parlay picks Importantly, while the free parlay picks featured on this page are updated daily to reflect our most highly recommended parlay of any given day, bettors can customize our parlay picker to feature the teams and sports of their preference, by selecting and deselecting the options in the dropdown menus. A parlay’s odds represent the combined odds of its legs, and if any leg of a parlay “pushes”-which essentially means ties-that leg will simply be removed, with the parlay’s odds adjusted accordingly. Because parlays fail if a single one of the underlying wagers loses, they have much higher payouts than any of those legs on its own. A parlay-sometimes referred to as a “multi,” “accumulator,” or “combo”-is a single wager comprised of multiple separate wagers, which are called “legs.” A parlay is successful only if every leg is successful.
