![]() In the most recent sports wagering financial report from Indiana covering October, parlays accounted for more than $61 million of the total sports betting handle of about $229 million. RELATED: On The Money | NFL Week 9 Betting Recap: Parlay Phenomenon And the effects of that reality have yet to be realized. ![]() Rather, it is that parlays are becoming an increasingly influential attraction within sports gambling. However, the real story of parlay betting, especially as sports wagering spreads throughout the U.S., isn’t the entertaining tales of jackpot hits. This past week, the sports wagering talk was all about the person who placed a $4,000 wager at the William Hill sportsbook at the Venetian on a seven-team moneyline parlay and collected $438,000 when first six college games hit and then the last leg - Pittsburgh beating Dallas straight-up - got there on Sunday. Bettors know that parlays aren’t good for them, or certainly not for their bankrolls, but they look at those big sweet payoffs and the hard math of how tough it is to hit three or four picks - let alone 10 or 12 - gets pushed aside. Parlays are the ultimate guilty pleasure for sports bettors, like a tempting gooey dessert on a menu.
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