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A parlay combines two or extra straight wagers into one wager. Parlays are widespread because they open the door to win larger payouts whereas risking much less cash. Think of it as sports betting’s version of a lottery ticket. The number of legs (bets) in a parlay and the percentages attached to each of these legs determines how much a bettor can win. The larger the parlay—and the bigger the bet—the larger the potential payoff.
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