Parlays in Sports Betting: High Risk, High Reward — But Is It Worth It?
Parlays are one of the most popular — and misunderstood — betting formats in the sports gambling world. At first glance, they offer the allure of turning small stakes into massive paydays. But as every experienced bettor knows, there’s a tradeoff: the more legs you add, the lower your chance of cashing in. How Parlays Work A parlay combines multiple individual bets (called legs) into one single wager. In order for the parlay to win, every leg must be correct. If just one leg loses, the entire parlay is a bust. Let’s say you wager $100 on ...
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