BetDSI.com, a popular online sportsbetting site, has paid a lucky winner $150,000 on a $150 wager on a 12 team parlay this past weekend.
A parlay has the potential to pay big because they involve wagering on more than one team in hopes that all teams are winners. These types of bets pay much more than a typical straight wager and are the most popular wagers out of the non ordinary wagers.
There a some types of parlays where you bet against a point spread and parlays where you bet against a money line. Point spread parlays payoffs are a fixed amount where a money line parlay pays off by the odds of each team.
If you think betting a parlay is a good bet, think again. It is much easier to bet on one team, as a straight wager, rather than two or more for reasons that are pretty clear. Either win them all and get paid a sizable prize or lose one game and lose it all.
