For many, there is no better way to get as much excitement and get the adrenaline pumping when placing sports bets than via the use of a parlay.
Known as an accumulator in some parts of the world – such as in the UK – a parlay is a bet that consists of multiple other bets. In order to win, each of the bets made needs to win. If this happens, the lucky punter will be able to achieve a win that can provide some rather lucrative rewards.
Of course, there are a few that have managed to go down in history as one of the biggest parlays ever won and these people have become the envy of many bettors as they have had the luck that so many of us have dreamed about having when placing these types of bets across whichever sports wanted.
However, what are five of the biggest parlay wins of all time?
5. $1.13 million
Coming just a shade over a cool $1 million, one lucky punter using BetMGM was able to turn a 15-leg parlay into a winning wager as each of their bets came in after placing a bet of around $50.
The bettor did place bets across a range of sports, with college football coupled with NFL, as well as basketball, ice hockey, and golf added into the mix.
4. $1.18 million
Marco Piemonte made himself $1.18 million by using the odds in his favor. Admittedly, he put a lot of money on the odds coming in, as he wagered $30,000 on a five-leg parlay that returned odds of 39/1. Still, it came in and gave him a win of over $1 million!
It featured four different NFL games, as well as a college football game – the NCAA National Championship game. After each of his NFL games came through, he was offered a cashout prize of $600,000, but refused and let it run. Eventually, the University of Georgia managed to defeat the University of Alabama in a shocking result given the losing snap they were on.
3. $1.2 million
Horse racing enthusiast Fred Craggs managed to land an eight-leg parlay in 2008. He only placed a wager of less than $1 (£0.50 in GBP), and saw his return capped at $1.2 million (£1 million) by William Hill after he was offered odds of 2,800,000/1. He kept quiet about it for a little while, but there would be no doubt he had a huge smile on his face!
2. $1.25 million
One bettor was rewarded for his bravery when he placed $20 on a 6-fold parlay, as he was able to pick up a win of approximately $1.25 million! He picked the four outright winners of big golf championships, as well as including two match outcomes throughout Euro 2020. Odds of 35/1 were offered, and the bettor walked away with over $1.2 million!
1. $1.73 million
In the UK, one punter managed to turn a six-leg parlay into a win worth around $1.7 million after each of his selections came in. Placing a bet of approximately $2.50 (£2), Steve Whiteley managed to achieve a win worth $1.73 million (£1.44 million) after his odds of 725,335/1 landed!
Winning a parlay can be one of the most difficult things to do as it requires so much to go right for the bettor. However, this type of bet can clearly pay dividends if it does come in, with the five bets mentioned above clearly showing this!