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In a multi-bet, all selections must win for the bet to be successful. If any of the selected teams or events lose, the entire bet is settled as a loss. In sports betting, a multi-bet (also known as an accumulator, parlay, or combo bet) is a type of bet that combines multiple individual bets into a single wager.
As the name suggests, a multi is short for multiple bets and it's where you combine two or more sports betting events into a single bet. In order for a multi to get paid, all legs of the multi must be successful. So our total profits, should all three win, is $143. This equates to odds of 4.77 for a $30 bet.
Bettors are far less likely to win parlay bets than individual bets, and sportsbooks make more money from parlay bets than individual bets. The odds on individual bets are calculated even to generate a small profit for the sportsbook. That gives gamblers a 50% chance of making a profit with standard bets.
Using the standard -110 vig for point spread and totals bets, these are the odds of winning your parlay based on the number of bets involved: Two-team parlay 27.47 percent. Three-team parlay 14.37 percent. Four-team parlay 7.52 percent.