The key to understanding the allure of parlay betting is that you cover all your selections with a single stake. Parlay betting epitomizes the old cliché about the gambler who is trying to 'turn a toothpick into a timber yard'. However, if you believe the Kansas City Chiefs, the Kansas Jayhawks and the St Louis Blues will all win on the same weekend - even though they play in different sports and leagues - you will be able to combine them in a three-team parlay.īy placing a parlay, you can win bigger - because as each of your selections obliges, the winnings from that bet rolls on to your next pick. With a single game bet, you need to get only one outcome right to see a return. The biggest difference between parlay bets and straight wagers is that a parlay involves more than one selection. How Do Parlays Work in Kansas Sports Betting?