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parlay just means that you would have to win both your bets in order to win any money. a 2 team parlay pays out better than if you were to take the 2 plays on straight bets. obviously a 2 team parlay doesn't pay as well as a 3 team parlay etc. the more teams you throw in the bigger the payout, but the harder it is to win....since you have to win them ALL in order to see any return.
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