How Does a Parlay Bet Work? A parlay in sports betting is when a bettor makes multiple wagers (at least two) and ties them into the same bet. If any bets in the parlay lose, then the entire parlay loses. However, if all wagers win, the bettor gets a bigger payout.

Charity gambling is a "form of incentivized giving" where a charity (or a group of charities), rather than a municipality or private casino, oversees gambling activities such as bingo, roulette, lottery, and slot machines and uses the proceeds to further its charitable aims.