Parlay
1 min read
A series of bets that need to be won all together for a large payout.
In gambling, a "parlay" refers to a bet that combines multiple individual wagers into a single bet. To win a parlay, all of the individual bets (or "legs") included in the parlay must win. The appeal of a parlay is that it offers the potential for a much higher payout than placing each bet individually, as the odds of winning are multiplied together. However, because all legs must win for the parlay to be successful, the risk is also higher compared to making single bets. Parlays are commonly used in sports betting, where bettors might combine outcomes from different games or events.
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