On a three-team parlay, a tie and two wins would produce a winning two-team parlay payout. However, a parlay can still win if a game is tied or canceled.įor instance, on a two-team parlay, a tie and a win would produce a straight wager payout. To win the parlay, you have to win both bets. Famously referenced in the Oscar-nominated film Silver Linings Playbook, a parlay bet is a bet on top of another bet. Parlay betting is a fun way to combine multiple bets.
