Parlay vs. Parley: What's the Difference?

parlayHow To Calculate MLB Parlay Odds. An MLB parlay bet is a single wager on multiple MLB Picks, with all selections needing to win for your ticket to cash. One of the main reasons sportsLearn how to distinguish between parlay and parley, two words that are often confused. Parlay means to increase or use something, while parley means to negotiate or discuss.