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Parlay   Listen
noun
parlay  n.  The act of betting the winnings from a prior bet, plus the original stake, on a subsequent bet; the second or later such bet in a series; also, a series of such bets, with the stakes for later bets coming from the winnings of earlier bets. Note: This is the characteristic act in a common betting system used by gamblers to try to achieve a large win from a small initial stake. Statistically, it is similar to betting a small stake on a game with a large payoff, but with a proportionately small chance of winning.






Collaborative International Dictionary of English 0.48








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Words linked to "Parlay" :   bet, punt, game, double up, wager, back



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