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New UK & NI customers only. Promo code SPORTS60. Deposit and place first sports bet of £10+ in one transaction, at odds of Evens (2.0)+, settled within 7 days of registration. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement. 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 30 Free Spins on Blue Wizard at £0.10 per spin. 7-day expiry. Full T&Cs apply. 18+ T&C's | BeGambleAware® #AD

Parlay Betting Explained

Parlay betting is also known as accumulator betting. This is a combination of bets between two to twelve. For you to win the bet, all wagers need to win. When one wager loses, the entire parlay will be lost.

The more the bets in your parlay, the higher the potential payout might be. If you use this kind of betting in the right way, you will achieve positive results. Most betting sites, especially UK betting sites have favourable parlay bets available due to their popularity.

How Parlay Bets Work?

A parlay bet is risky but this will be compensated when you win since it promises a higher payout. Online sportsbook compete in a global market, so it is advantageous for them to include betting bonuses, hence the parlay bet, which often is include with UK sports books online as a bonus bet.

A parlay’s outcome is determined by multiplying the lines to each game together. This is best achieved in decimal odds. Let’s say that we had three soccer games each with an odd of 2.1, if you made straight bets of £10 for each; you would earn 2.1 x 10=£21 £21 x 3= £63. If you made the bet on a parlay and won, you would earn 2.1 x 2.1 x 2.1=9.261 9.261 x 10=£92.61, which is more than you would make on straight bets. The only problem is that you would lose your entire stake if one of the teams lost which would not be the case with the straight bets.

You will be able to parlay events for different sports. This is a common strategy that advanced bettors use. In a single parlay, you can have as many as 12 events. This can be on sports like, NFL, hockey, golf, soccer or tennis matches. You can have different sports in one parlay. It is possible to have a hockey event, NFL, soccer and tennis event in one parlay.

Nowadays, you will not be required to count your odds in a parlay. The system has been automated and you will see the odds being calculated automatically as you add your bets to the parlay. The potential payout will also be calculated after you enter the amount of your bet on the parlay. When you choose to go the parlay betting way, the bet will be worth three times more compared to straight bets.

Correlated Parlays

Sportsbooks do not allow correlated parlays. A correlated parlay is when you try to parlay two events that correlate like predicting a team to win in the first half and at the end of the game.

Tips When Playing Through Parlays

In order to be successful with parlay betting, there are tips you should follow:

Choosing The Best Online Sports Books

Have a look at our recommended top sports betting sites below, each of which offer the best odds and games to bet on. They also offer different sports betting bonuses, so choose the one which suits you the best!

Top Online Sports Betting Sites & Bonuses October 2022

Casinos Bonus Visit
Fitzdares Bookmaker

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Gambling License ✔

New UK + IRE members only who sign up through the above unique tracking URL. Min deposit £10. Qualifying bets are singles, win part of e/w or multiples at odds of evens (2.0) or greater. The Free Bet will be credited within 24 hours of the settlement of your first, qualifying bet, matched up to £30 and expire after 7 days. The Free Bet must be placed at odds of 1/2 (1.5) or greater. The Free Bet stake is not included in the returns. Additional T&Cs apply. Bet Responsibly. +21 T&C's | BeGambleAware® #AD
The Pools Sports

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Gambling License ✔

18+, UK only. Deposit and place a minimum £10 cash bet at single or accumulated odds of 1/1 or greater and we will give you 1 x £5 in free bets plus an extra 3 x £5 Free Bets the following day. Applies to first cash bet only. Free bets credited as 4 x £5 bets to use on 3x Any sport & 1x Virtuals. Cashed Out, Void or Draw No Bet wagers do not qualify for this promotion. 1 x £5 Free Bets are credited upon qualifying first bet settlement, other free bets credited by midday the day after your first bet settles. 7-day free bet expiry. Available once per customer. This offer cannot be combined with any other promotion. Full T&C's apply. 18+ T&C's | BeGambleAware® #AD
Betfred

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New UK & NI customers only. Promo code SPORTS60. Deposit and place first sports bet of £10+ in one transaction, at odds of Evens (2.0)+, settled within 7 days of registration. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement. 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 30 Free Spins on Blue Wizard at £0.10 per spin. 7-day expiry. Full T&Cs apply. 18+ T&C's | BeGambleAware® #AD
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New Players Only. Free bet - one-time stake of £10, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms apply. 18+ T&C's | BeGambleAware® #AD
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New Players Only. UK Players Only. Minimum stake £10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 Days from issue. Max conversion: £20. Excluded Skrill deposits. Withdrawal requests voids all active/pending bonuses. 18+ T&C's | BeGambleAware® #AD
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Place a qualifying £25 fixed odds bet at odds of 1/2 or greater. Qualifying bet cannot be placed in-play or cashed out early. A first free £5 fixed odds bet will be credited upon settlement of the qualifying bet.. 4 x following £5 free fixed odds bets will be added to your account on consecutive days. After your first free fixed odds bet you will also get a free £5 Total Goals spread bet. And after your second free fixed odds bet you will also get a second free £5 Total Goals spread bet. You must have a full spread betting account to be able to claim the free Total Goals spread bets. Note, future spread spread bet placed, losses can exceed deposit. Place a smaller qualifying fixed odds single bet at minimum odds of 1/2 and get different amounts of free fixed odds bets as per below: Free bets must be claimed within 28 days of opening. Free bet stake not included in any winnings. Ts&Cs Apply. 18+ begambleaware.org 18+ T&C's | BeGambleAware® #AD
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New Players Only. Min £10 qualifying bets, stake not returned. Free bet - one-time stake of £10, min odds 1.5, stake not returned. 10X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £20. Valid for 7 Days from issue. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. 18+ T&C's | BeGambleAware® #AD
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*New UK Players Only. Opt-in Required. Minimum stake £10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 Days from issue. Max conversion: £20. Excluded Skrill deposits. Withdrawal requests voids all active/pending bonuses. Full Terms apply. 18+ T&C's | BeGambleAware® #AD
TonyBet Sport

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100% up to £300 Welcome Bonus

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New customers only. Minimum first deposit of £20 required. Maximum promotion amount per player is £50 Bonus and 50 Free Spins. The welcome offer is not available on pre-paid card or e-wallet (Neteller and Skrill) deposits. Bonus and free spins will be credited automatically. 100% deposit bonus up to £50 bonus will be credited upon first deposit. 50 free spins will be received in 5 daily increments of 10 starting within 24 hours of first deposit. Free spins are only available on Starburst. Free spins value is £0.10 per spin. Bonus will expire 30 days after qualifying deposit. Free spins will expire 48 hours after being credited/ 18+ T&C's | BeGambleAware® #AD
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18+. New players only. Min deposit £10. 22 Bonus Spins valid on Starburst. Bonus funds are 100% up to £222. Bonus funds + spin winnings are separate to cash funds and subject to 35x wagering requirement. Only bonus funds count towards wagering contribution. £5 bonus max bet. Bonus funds must be used within 30 days, spins within 10 days. Affordability checks apply. Terms Apply. BeGambleAware.org 18+ T&C's | BeGambleAware® #AD
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