Parlay betting is when you combine two or more individual bets into one single bet. Instead of placing separate bets, you join them together. To win a parlay bet, all selections must be correct. If even one bet loses, the entire parlay loses. The main reason people love parlay betting is the higher payout. When you combine bets, the odds multiply. This means even a small investment can give a big return. For example, a ₹100 bet can turn into ₹500 or even ₹1000 depending on the odds.