Legal sports betting is now available in several states, and bills are pending in many more. Full-service sportsbooks are popping up across the country and offer everything from futures betting to live in-game wagering options. Parlays are part of the package, and this SI Gambling 101 feature focuses on the pitfalls and benefits associated with accumulator bets.
Parlay betting is high risk and high reward. It's not for everyone and is shunned by some in the betting community due to low winning percentages. For those that don't mind a little extra risk to collect a more substantial reward, there are a variety of parlay options available.