8. Parlays

A parlay is a wager type in which two or more bets are linked together to create one bet with a greater payout, but all the bets must win. So instead of betting $10 each on three games, you can make one $10 wager that will pay out more of all three teams win. But if even one loses, you lose your $10. The payouts will vary based on how many bets you include, and the prices of those bets. This MLB parlay with Mariners +114, Mets -220 and Marlins and Marlins -134 pays +443. Even more popular than traditional parlays featuring multiple games is the same game parlay, pioneered by FanDuel and now offered by almost every sportsbook. This feature allows you to parlay multiple bets from the same game, with the correlation of each event priced in. That means if you bet over 51 in Rams-Bengals and Matthew Stafford over 2.5 passing touchdowns, you won't get the full parlay payout, because those events are more likely to happen together. Same game parlays wildly popular in standalone NFL and NBA games.