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Some sportsbooks allow bettors to include different kinds of prop bets, half-time wagers, different sports and sometimes even futures bets . A parlay, or combo bet, is a selection of 2-12 bets put together in one wager. Winning the parlay needs all of your individual selections to win. If any bet in your parlay is a loss, the entire wager is graded as a loss. That means parlays account for about 55.1 percent of the state's overall profit on sports betting.