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However, you lose if one of the teams fails to cover.ġ. You win if you’re right about both games. So instead of placing two straight bets, you can place a parlay. You believe both the Giants and the Patriots will cover their respective spreads.

At the same time, the New England Patriots (-8) are playing the Miami Dolphins. Suppose the New York Giants (-3) are playing the Philadelphia Eagles. Of course, more risk, more payoff, so when you add more bets to your parlay, you increase your potential payout. Winning the parlay requires all of the individual bets winning- even one losing bet can deem the parlay a loss. A parlay, or combo bet, is a selection of 2-12 bets linked together.