A parlay is multiple wagers in one bet. Because the odds are higher, the payout is also higher. But if any of your wagers is incorrect, the entire bet is lost, unless otherwise stated.
You can combine or "parlay" the Nets -2.5 and the Knicks -1.5 into one single bet. If the first bet wins, your bet is rolled into the next game. If the next bet wins as well, the payout will be higher than if you had bet each game separately. But if either bet loses, the entire bet is lost.
How are parlay bet odds calculated?
The reason parlay bets pay you out much more money for correctly picking multiple individual bets has to do with how the odds are calculated. Parlay odds are calculated by multiplying each line’s odds sequentially.
The more lines you add, the more the multiplier grows, offering longer odds and greater payouts.