In this guide, we’ll take you through everything you need to know about esports parlay betting and show you some examples to help you fully understand the concept and give you the confidence to try it out for yourself.

What is a Parlay Bet? 

A parlay bet is a single wager that combines multiple individual bets. That’s something to keep in mind if you’re looking around between different sportsbooks and come across some European bookies.

The individual bets in a parlay bet are known as “legs”. In esports, legs can be made up of match winners, map scores, or game-specific events across one or different games. Parlays can range from just two legs up to ten or even more, but it all depends on the platform’s rules around parlay bets. 

The odds from each of the legs will be combined and multiplied to increase your winnings. So, the payout for parlay bets can be huge depending on how many legs you add to your bet.

Parlay bets can only win if all of the legs are correct, which makes them much more difficult to win. They’re simple, but incredibly challenging. If even one of your selections loses, the entire parlay is lost. It’s all or nothing, high risk, but also high reward. And that’s what makes parlay bets so great.

How Does Parlay Betting Work?

Placing your parlay bet is a breeze. The tricky part is choosing the correct legs that’ll get you a win. The process involves selecting different bets to make up your parlay. But remember, if one of your legs is incorrect, your entire parlay loses. 

That’s why it’s crucial to get the right strategy and do thorough research to get your selection spot on. Once you’ve done your research and you’re ready to get started, follow these steps to place your parlay bet.

1. Take a look at licensed esports betting sites. Once you’ve chosen the best one for you, create an account and fund your wallet.
2. Go to the esports markets. Look for the different games, matches, or in-game events you want to place bets on. This can be anything from match winners to goals scored or individual player performances.
3. Select your first leg and add it to your bet slip.
4. Add more legs to your bet slip. Continue adding legs from the same or different esports events until you’re happy with your selection.
5. Make sure to click on “Parlay” or “Accumulator” in your bet slip to activate the parlay bet.
6. Check the combined odds. You can also see your potential payout if your parlay bet wins.
7. Enter your stake.
8. Confirm and place your bet.

Esports Parlay Bet Examples

Parlay bets are exciting because of the combined odds and the massive potential payouts that they could give you. But unfortunately, most of them fail because you need every leg to be correct for the parlay bet to win. 

We’ll take a look at two parlay examples below, one winning and one losing, to help you see how parlay bets play out in esports betting.

Before we get into the examples, here’s a quick note on the combined odds, as it might look confusing. Odds are always converted to decimal places and multiplied before being converted back into American odds. 

Esports Parlay Bet: Winning Example 

An example of a winning esports parlay can be found below. A $50 stake on combined odds of +637 would generate a return of $368.50. 

Esports Parlay Bet: Losing Example 

A losing parlay example can be found below, and it’s vital to remember that you only need one selection to lose to mean that the whole parlay is to lose. 

Pros & Cons of Esports Parlay Betting

Esports parlay betting is an excellent way for bettors to increase their profits. With the odds of each selection in your bet slip being multiplied, the payout potential can increase massively compared to placing single bets. 

It’s also an exciting way to get involved and invested in multiple esports matches, as you track the progress of your bets. Below, you’ll find the pros and cons of esports parlay betting.

✅ Pros	❌ Cons
Higher payouts: Combining multiple bets into one parlay bet multiplies your odds.	More risk of losing: Even if one of your selections loses, the entire parlay is lost.
Exciting format: The all-or-nothing nature of the bet keeps you invested in multiple matches at once.	Harder to win: The more legs you add to your bet slip, the harder it becomes to win.
Combine different markets: You can mix and match different games, markets, and bet types to build your bet.	Additional research: You need to do more research on each selection to ensure you make calculated decisions.
Small stakes with big wins: You don’t need to risk much to get a large payout.	Frustration: Losing because of one missed leg can be a huge frustration.
More events to follow: Having bets on different matches gives you a reason to be more invested.	Misleading payouts: The bigger payout numbers can tempt some bettors into taking too much financial risk.

Conclusion

Esports parlay betting is a common type of bet that combines multiple individual bets into one large wager. You can combine selections from different games, matches, and markets (known as legs) into one bet slip. The entire bet slip multiplies the odds of each of your selections, which significantly increases your potential winnings.

But with high reward, there’s also high risk. For the parlay bet to win, each of your selections must win. If even one of your selections loses, the entire parlay bet loses. With a high-risk bet like this, it’s essential always to make calculated decisions and play responsibly. You need to do thorough research on all of your selections to maximise your chances of winning. 

Parlay bets should be used carefully as part of your overall strategy. You shouldn’t be relying solely on parlay bets because they are so risky. Combine them with some single bets to balance the risk of losing and high payout potential.

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