What is a Parlay Bet? A parlay is a type of sports bet that combines multiple individual wagers into a single bet. In order for a parlay bet to be successful, all of the individual wagers included in the bet must win. Parlays offer the potential for higher payouts than individual wagers but also carry higher risk.
Example: In an NBA game, a bettor might place a parlay bet on the moneyline of three different games. To win the parlay bet, all three teams must win their respective games.
Here's how to place a Parlay Bet on Caesars:
- Open the Caesars Sportsbook app or go to Caesars' website at caesars.com.
- Log in to your account using your username and password.
- Navigate to the NBA section using the app's main menu or search function.
- Select the first game you want to bet on by clicking on it.
- Choose the bet type you want to place on the game, such as the moneyline or point spread.
- Enter the amount you want to wager on the bet.
- Repeat steps 4-6 for each additional game you want to include in your parlay.
- Once you have selected all of the individual bets you want to include, navigate to your bet slip.
- In your bet slip, you should see an option to create a parlay.
- Click on the parlay option and enter the amount you want to wager on the parlay.
- Review your bet slip to ensure that the details are correct.
- Confirm your bet by clicking the "Place Bet" button.
- Wait for the confirmation screen to appear to ensure your bet has been placed successfully.
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