Multiple lams of thinner wood are easier to bend in forms and around shapely risers than a single thick piece. They may help a tiny, tiny bit in taking less set, but a few more important reasons are... multi-lam bows are less likely to fail because of an issue in the wood. An issue like a knot, cluster of pin knots, growth ring runout, grain runout, and others can mean the death of a bow made from a single piece, whereas in a multi-lam bow, the effects of a defect in one lam can be virtually negated by virtuous wood around it.
Using multiple lams in a bow also helps to distribute stress more evenly... stress at the fades and wedges and such. I have seen single-wood lam bows, sandwhiched between glass fail in such places where I feel surely that multiple lams there would have been their saving grace.