Yes. Sports bettors can wager parlay bets on UFC fights. Here, a bettor may build a parlay based on the outcome of the next three consecutive fights. However, this wager is risky as the bettor must win each of the legs that make up their parlay, in other words, accurately predict the winner of the next three fights, in order to win their wager. Since losing even one of these bets could cause them to lose their bet, the risk is high but so is the reward.