This podcast episode explores the rise of same-game parlays in the sports betting industry. It features an interview with a casino bartender who nearly won $22,000 on a 14-leg parlay, highlighting the excitement and risk associated with these bets. The episode also discusses the industry's challenges, including losses due to fewer upsets and concerns about responsible gambling practices, and how sports betting apps are increasingly relying on casual bettors and the popularity of parlays to boost revenue. Parlays, particularly same-game parlays, now account for a significant portion of sports betting revenue in several states, demonstrating their impact on the industry's financial landscape. The high odds and complexity of parlays make them highly profitable for betting companies despite the potential for large payouts for bettors.
