Parlay betting is an exciting way to increase potential winnings by combining multiple bets into one wager. In a parlay, all selected bets must win for the bettor to receive a payout, which typically offers higher odds compared to placing individual bets. This strategy can be appealing for gamblers seeking larger returns from smaller stakes. However, the risk is greater, as losing just one leg of the parlay results in a total loss of the wager. Understanding the odds and carefully selecting bets can enhance the chances of success, making parlay betting a thrilling option for seasoned gamblers.
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