How does parlay betting work?įirst off, find the games you want to bet on and make sure they are smart bets. Parlay betting is a form of football wagering where you pick two or more games on the same ticket and get a better payout (profit potential).īut the trick is that all the games on your parlay ticket (also known as accumulators by some sports bettors) need to win in order for your bet to win. Once considered fun wagers or even ‘sucker bets,’ parlay betting is now considered a smarter way to bet on favorites – in some cases.