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A parlay combines two or more straight wagers into one wager. Parlays are widespread as a result of they open the door to win greater payouts while risking less money. Think of it as sports betting’s model of a lottery ticket. The number of legs (bets) in a parlay and the chances attached to each of those legs determines how a lot a bettor can win. The bigger the parlay—and the larger the bet—the larger the potential payoff.

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