Using the Buccaneers and Bengals example again, if Tampa Bay won but Cincinnati lost, your parlay bet would be a loser. So while parlays increase the overall payout potential on your wagers, there is added risk because every contest on the ticket must win.

The hold is one of the most important sports betting terms you should know. Sportsbooks win more on parlays because they’re difficult to hit-instead of winning one wager, bettors have to win multiple “legs” to cash a parlay. For example, if a sportsbook takes $100 in bets and $90 is paid out to bettors once the event is over, the book “holds” $10, or 10%. The hold is the amount the sportsbook retains from the amount wagered. Why offer this incentive? Because sportsbooks have a higher hold percentage on parlays. Not only can you make parlays at FanDuel Sportsbook, but the site frequently offers promotions and bonuses to encourage bettors to make this type of wager. Here is a list of our partners who offer products that we have affiliate links for.

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