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parlayLearn the meaning and usage of the word parlay, a verb and a noun related to gambling and exploiting. Find out the orin, pronunciation and related terms of parlay in BritishConversely in a parlay, you still wager on two teams but with the orinal spread and with better payout odds (usually 3:1). Teasers and parlays can be played with 2,3,4,5 teams or more.