Parlaying horses means you combine multiple different races into a single wager, and the races don’t have to be ordered sequentially on the card. Parlaying horses with online sportsbooks can lead to massive payouts or provide a wide range of boxing multi options for bettors to cover their bases.
In order for a parlay to hit, all of the wagers have to win together. If a single bet in the Parlay loses, the entire parlay loses. Different online sportsbooks offer different Parlays, so you’ll want to take a look around to see the maximum payouts and other options.
Another aspect of parlaying horses is that you can alternate between Win, Place, and Show bets. This means you can customize your Parlay based on the strengths of each horse.
A Parlay wager rolls all of your winnings over to the next bet, so you can really build up a large amount of money.
The first step to Parlay betting is picking your online sportsbook, track, and race. You will then want to choose the Parlay option and choose your first bet and base amount, with the minimum normally being $2. Add additional legs and choose the race for each. Once you do that, you are ready to start parlaying horses.
An example Parlay:
Race 1 – Win #4
Race 2 – Place #3
Race 3 – Show #1,5
If horse #4 wins Race 1 and the payout is $5.60 for a $2 wager, your bet will automatically roll over to $5.60 to Place on horse #3 in Race 2. If the Place payout for Race 2 is $14.80, your bet will then automatically roll over to Race 3, where it will be divided on Show bets between horses #1 and #5. Since that is the last race on the bet, your Parlay payout will be the result of the Show bets.
When betting a Parlay, you can choose as few as two races and as many as six. There is no way to cash out or end a Parlay once it has started, you must wait until the end.
In the case of a scratch of all horses in a middle leg of your Parlay, that leg is normally treated as a refund and the total balance is moved to the next. If they are scratched in the final leg, the bet pays out the balance heading into the last leg. When you have multiple horses and only one is scratched, your bet can be redistributed between your other runners.