Intermediate

Parlays


A parlay combines two or more individual wagers into a single bet. All legs must win for the parlay to cash. Payouts grow exponentially with each added leg, but so does the risk.

What is a parlay?

A parlay ties multiple bets together. The reward grows with each leg, but if any single leg loses, the entire parlay loses.

Parlay payout math

A typical 3-team parlay of -110 picks pays around +600 (6:1). A 5-team parlay pays around +2400 (24:1). The exact odds compound based on each leg’s individual price.

Same Game Parlay (SGP)

A Same Game Parlay combines multiple bets within the same game; for example, a Cardinals spread + Kyler Murray passing yards + first touchdown scorer. Pioneered by FanDuel; now offered by all major AZ books.

When to use parlays

  • Recreational bettors chasing big payouts.
  • Correlated picks (e.g. team total over + player prop over) where outcomes are linked.
  • NEVER as a long-term value strategy; house edge compounds with each leg.

Available at all 13 AZ books

Every Arizona sportsbook offers parlays. Same-game parlays are best at FanDuel and DraftKings.