Definition:Īlso known as combos, are a selection of two or more wagering outcomes in which the odds for the payout increase with the number of bets that you choose. We’ll also look at how the odds are calculated, payouts, house advantage, and benefits for making these wagers. The first thing we will cover is understanding what this bet is and how it works. This article is meant to help further your sports betting knowledge when it comes to parlays.