If you are trying to find exciting ways to wager on the Super Bowl this year, parlay betting may have caught your attention. Parlays are one of the most common and enjoyable ways to bet on sports, so bettors are likely fixated on using this betting method for the big game. But before we dive into Super Bowl parlays, let’s look at what exactly a parlay bet is.
Parlay bets are when bettors take several different outcomes and tie them into a single bet. The odds will then multiply according to how many different odds are added into the parlay, with each outcome added boosting the odds higher and higher. Let's look at a quick example.
If you wanted to place a parlay bet on the Seattle Seahawks winning their game at +200, the New York Rangers winning their game at -200, and Israel Adesanya winning his fight at -120, instead of putting a bet on each outcome individually, you could place a parlay on all three things to happen at +625. The payout is now dramatically higher, but you are at a heightened risk because if one of those outcomes doesn't occur, you will lose the bet, even if the other two outcomes do occur.
With all that made clear, a Super Bowl parlay is simply a parlay bet made on a single game: the Super Bowl.