parlay
A "parlay" is a type of bet in gambling where multiple wagers are combined into one. To win a parlay, all individual bets must be successful. This means that if one bet loses, the entire parlay is lost. Parlay bets can offer higher payouts compared to placing each bet separately, as the odds multiply with each additional wager.
Parlays are commonly used in sports betting, where bettors might combine outcomes from different games or events. For example, a bettor could create a parlay involving the outcomes of football and basketball games. This strategy can be appealing for those looking to maximize potential winnings.