Sports betting parlay strategies can amplify your potential winnings by combining multiple bets into one wager. To maximize success, focus on selecting correlated outcomes, such as betting on a team to win and the total points to go over. Additionally, consider limiting your parlay to three or four legs to balance risk and reward. Researching team form, injuries, and matchups can also enhance your chances. While the allure of big payouts is tempting, remember to bet responsibly and only wager what you can afford to lose.