Likewise, a 3-leg parlay consists of three wagers, while a 5-legger spans five bets. That’s right, if even one bet comes up short, the entire wager is worth dust.Ī 2-leg parlay (or 2-legger), refers to a parlay consisting of exactly two wagers. For a parlay to cash, all individual bets, or “legs”, of the wager must win (or tie). Put simply, a parlay is a wager where multiple bets are grouped together on the same ticket to create one larger bet.

Parlays are lottery-style wagers where multiple pieces must fall exactly into place to achieve a winning result.

What is a Correlated and a Same Game Parlay?.