With this, you can create two separate same-game parlay bets and combine them into one mega-parlay. The same-game parlay “plus” bet is one of FanDuel’s newer features. Still, the payout for a successful parlay cannot be matched by single straight bets on those same contests. 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. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market.

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