What does it mean to parlay a bet?

The gambler must win all the parlayed bets to be paid, so a single incorrect pick forfeits the gambler’s bet. The term “parlay a bet” means to gamble on a series of separate events as part of the same wager. Parlaying a bet is a way to get a large payout for a small wager, but the odds are stacked against winning.

References:

Doc’s Sports Service: How to Bet Parlays

Sports Betting: What’s a Parlay?

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