What does parlay mean in gambling

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You won’t get your money if one of those selections is a miss.

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Regardless of the number of bets on a slip, in a parlay, all have to be successful to get parlay payouts. Once again, it’s a risky bet that doesn’t work well with more significant sums of money. Punters will try their luck with $15 or $20, with rarely anyone placing bets worth thousands. They have to be over the minimum, of course. When it comes to the wager, most bettors keep them low. The system will instantly calculate the return as soon as you enter your stake. For example, you can choose 15 match winners or mix up match winners and goal betting on a parlay. You can use different bet types on such an accumulator.

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A parlay is typically considered when you add 2 or more choices on a slip, but you can go up to 15 or 20 – whatever the bookie allows. Parlay payouts can be your bet thousands of times, but only if all the selections are successful. While they give bookies an edge compared to regular wagers, some of the biggest wins in the history of sports betting have been parlays. Parlays are riskier than single bets, but they are more exciting.

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