NHL parlay betting is for gamblers that don't worry about taking an extra risk if there's extra profit involved.
A parlay bet is a wager in which you choose two or more games, whether it be the moneyline, puckline or over/under (total) and make one bet that all of them will win. A Parlay can be as small as two game or as large as 12, or even 15 at some books (5Dimes offers the largest parlays on the net). Of course the larger a parlay the more difficult it will be to payoff, but it also means the larger the potential payout.
The big risk in betting parlays comes from the fact that if one game in your parlay doesn't win, your whole parlay wager is deemed a loser. You could have a 12 team parlay with 11 winners, but since the one remaining game loses your parlay is worthless. That's where the increased risk comes in.
What about the increased profits? NHL parlays are calculated using true odds which makes them more profitable than betting the games individually. Here's an example to show how much more profit a parlay can pay...
Take these three games on the moneyline:
New Jersey +135
If you were to bet $5 on all three games individually and win all three wagers your total profit would be $16.07. Now, say you bet the same three games on a $15 parlay. The profit on that winning parlay would be $114.92. Even if you only wagered $5 on that parlay the profit would still be $38.31.
Don't be totally blinded by the potential profits of parlays though. Remember there is an major increase in risk and one losing wager means no profits and the loss of your staked amount.
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