This is probably my favorite gambling term and while it can seem extremely risky for people when beginning, I've found that it is actually one of the less risky ways to gamble with the addition of live betting. This is because you can cancel your bet before one of your wagers loses it for you, and if you've had a few wins on the parlay already you can even make money! Not to many bets will let you cash out for a profit right before it is about to lose. A great strategy in my opinion.
I usually place parlays (multiple bets) on certain championships or specific games, but I'm extremely bad at live betting, so I usually place my bets and don't stay logged in to the site so I don't take any risks live and also don't cash out before all the bets are settled, hehehe
These terms are really confusing at first. I had several questions that I had no idea what they meant, especially Asian handicap and Vig
However, I usually only bet on 1 x 2 - victory for a team and sometimes on Under or Over goals