The unexpected twists and turns in this sport make the soccer parlay one of the riskiest bets you can make. Losing just one of your wagers means you’ll lose the whole bet. To win a parlay bet, all your predictions will have to be correct. But it’s important to use some smart betting strategy when you’re making soccer picks and parlays. Combining two or more wagers, known as a parlay, requires a big risk for the chance to win one big payout. Fans of soccer betting know this is one of the most exciting ways to bet.