What is parlays meaning?

A parlay is a type of sports bet where you make multiple picks and combine them into one wager. In order to win the bet, all of your individual picks must be correct. The more picks you make in the parlay, the higher the potential payout but also the higher the risk. Parlays can be made on a variety of sports and can include different types of bets such as point spreads, moneylines, and over/unders. Parlays are popular among sports bettors looking for a potentially large payout from a small initial investment. However, they are also considered a high-risk bet due to the fact that all of the picks must be correct in order to win.