Parlay Bet
- Parlay or Accumulator
This is a combination or multiple wagers on two or three scheduled horse race events, with the intention of using a total of any winnings and the original sum bet on the first event as a wager on the second event, and so on. When the player transfers his winnings in this manner, instead of collecting them, he is said to be letting his winnings ride, or to be parlaying them.
In order for the player to win an accumulator, all of his selections must win their individual events. If a race event, results in a tie, or is postponed or canceled, the accumulator (parlay) is automatically reduced by one selection. That is, a triple parlay becomes a double parlay, a double parlay becomes a straight bet, and so on. Although the odds of winning a parlay are much less than a straight bet, the player will enjoy huge dividends on a win.
