PARLAY

parlay

(noun) a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers

parlay, double up

(verb) stake winnings from one bet on a subsequent wager

Source: WordNet® 3.1

Etymology

Verb

parlay (third-person singular simple present parlays, present participle parlaying, simple past and past participle parlayed)

(ambitransitive, gambling) To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers. [from early 19th c.]

(transitive, by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner.

(transitive, by extension, generally) To convert (a situation, thing, etc.) into something better.

(intransitive) Alternative spelling of parley (“to have a discussion, especially one between enemies”)

Usage notes

Not to be confused with parley (“to have a discussion, especially one between enemies”).

Noun

parlay (plural parlays)

(originally, US, gambling) A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator. [from early 20th c.]

Usage notes

Not to be confused with parley (“a conference, especially one between enemies”).

Source: Wiktionary

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