Parlay betting is one of the most common types of sports betting in the world. If you have ever bet on sports, you have probably placed a parlay bet at some point in your betting career. Parlay bets are usually chosen by sports bettors who want to combine multiple bets for a chance at a large payout. There is a general risk associated with sports betting parlays, but the payout justifies the risk.
Understand how a parlay bet works by reading our comprehensive guide for online gamblers in Kenya. We have compiled the best odds for online parlay betting so that you can make an informed bet. Our expert tipsters have given us the best parlay strategy for the different types of sporting competitions you can find both locally and internationally. Check out our top 5 parlay betting sites in Kenya that you can register with and start winning today.
Best Parlay Betting Sites 2025
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Parlay Betting Explained: What Is Parlay Betting?
In sports betting, bettors are faced with many betting lines filled with all sorts of odds. If your picks aren't paying off, you may want to bet on more than one selection. With a progressive parlay bet, you are rewarded for picking more than one team to win, all on a single betting slip. And believe it or not, the addition of those extra selections increases the odds and your potential payout. But remember, in a parlay, you only win if all of your picks come in.
Players can use the different types of parlay bets to increase the potential payouts. To this end, here are the types of parlay bets that can be placed with an online bookmaker based in Kenya. 1. Two Team Parlay 2. Three-team parlay 3. 4-Team Parlay 4. 5-Team Parlay 5. 10-team parlay 6. 15 Team Parlay 7. Mixed Sport Parlay
Should You Bet Parlays?
The question of whether or not to bet on parlays is one that lacks a definitive answer. Even though parlays aren't usually won, sportsbooks reap a hefty profit from this popular type of betting. Winning parlays are hard to come by, and the experienced sports bettor tends to shy away from them. Why is that? Because they're bad value; the potential payouts are attractive, yes, but that's only because the odds of winning are so low. If you're new to sports betting, focus on straight bets to build your bankroll before increasing the risk you take by betting parlays. If you must try parlays, start with small amounts.
Remember that sports betting requires trust in the process. Think of parlays not as a long-term profitable strategy, but as a way to add a little excitement to your gambling, and a responsible way to risk a few dollars for a chance at a big payoff. Also remember that using parlays can create opportunities to hedge your bets.
Types of Parlay Odds & Payouts
Understanding that parlay's potency is heightened when one has numerous bets on their card, we can see how our payout expands when we combine several lines. Below is a list of some of the most popular parlay combinations that Kenyan players choose online.
- Money Line Parlay Bets - This bet involves selecting the outcome of more than one tie in a single bet. All of the teams you have picked as favorites must win their respective games for the bet card to pay out.
- Futures in a Parlay - A player's parlay wager may consist of predictions on the winner of the tournament, including each game played by the team picked to win during the round-robin phase of the competition.
- Over/Under Bets - Players who are concerned about betting on the exact score of multiple teams can predict the total score of each game. This is a relatively safe bet as each league competition generally has an expected average number of goals per game over time.
- Point Spread Parlays - Sports parlays, which are essentially bets on multiple outcomes, can include point spread bets. When these types of bets are included in a parlay, the payout implications are quite significant. This is because a point spread is really just a type of bet where one team is favored to win by a certain number of points (or more, as it sometimes turns out), and this type of betting generally involves a strategy to maximize payouts.
Pros Of A Parlay Bet
A parlay bet is a type of sports bet that combines two or more individual bets into a single larger bet. There are several advantages to parlay betting. One is the potential for much larger payouts, since the odds of winning are multiplied (and thus the payout is much larger) if all the individual bets are correct. Parlay bets can also reduce risk (assuming the individual bets are all safe). To be clear, if one of the individual bets loses, then the entire parlay is lost. But not losing any of the individual bets definitely makes the bettor feel like they are in a safe position; parlay bets are also convenient; they save the time and effort of combining multiple bets into one. All in all, parlay betting is a fun way to get involved in sports and potentially make some muxwacha.
Cons Of A Parlay Bet
Parlay sports betting is a type of betting where the player bets on the outcome of multiple events. With this type of betting, players combine all of their independent bets into a single bet for the opportunity to win enhanced payouts. Payouts are enhanced because parlay bets are inherently riskier. All parts of the parlay must win for the player to see any payout on the parlay. If any part loses, the player has lost the entire parlay. As a result, parlays have gained a reputation for being both fun and dangerous.
Parlay betting is a popular form of sports betting that allows bettors to place multiple individual bets on one or more games. This form of betting also allows for a higher potential payout than most other types of betting, as the odds for the individual games are multiplied together when calculating the total payout. However, parlay betting is also one of the most expensive and risky forms of sports betting due to both the high house edge and the fact that the bettor must hit all of his winning bets in order to collect on the bet.
If you're considering entering the world of parlay sports betting, you need to know that this type of betting tends to lose more often than individual bets placed separately. And that, of course, can make it harder to manage your bankroll and practice responsible gambling.
Sports Parlay Betting System
In order to win all your bets, you need to use the best parlay strategy. There are different betting strategies for different events, depending on the player's performance at the end of the day.
- The bets most commonly chosen by players are parlay bets consisting of two or three teams. To make such bets worthwhile, you can place a large stake, which in turn increases the odds. Parlay bets remain fairly safe if you keep the number of teams to two or three and don't go overboard with the size of your bet.
- Parlay betting lines are typically mixed by most players, and for good reason. When you take two or more games and combine them into a single bet, you can actually win at a lower rate than if you bet on the same two games separately. However, most players are willing to take this risk because the potential payout is improved by combining two or more games.
- Wagers placed in the form of a parlay pay out differently depending on the specific combination of bets selected within the parlay. In the case of a parlay that includes money line bets, these payouts will only be significant if the bettor has predicted an upset in one or more of these bets.
- Another aspect to understand is how the parlay calculator works. Each individual bet within a parlay is charged vigorously by the bookmaker. So with a parlay, the fee goes up proportionally with each bet, because the bookmakers know that the risk goes up with the accumulation of all those bets.