Last updated: September 15, 2025 • Estimated reading time: 10–12 minutes Parlays combine multiple bets into one ticket. The payout multiplies, but so does the risk—every leg must win. This guide explains how parlay payouts are calculated, why parlays are usually negative EV, when they can make sense (correlation, small‑edge aggregation, promos), and gives you ... The post Parlays: Complete Guide (2025) appeared first on Underdogchance.