parlayA parlay, accumulator (or acca), combo bet, or multi is a single bet that links together two or more individual wagers, usually seen in sports betting. Winning the parlay is dependent on all of those wagers winning together. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or pushes, the parlay reverts to a lower number of wagers with the payout odds reducing accordingly. Parlay bets are hh-risk, hh-reward; linking the possibilitie…Learn how to distinguish between parlay and parley, two words that are often confused. Parlay means to increase or use something, while parley means to negotiate or discuss.