to parlay
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British pronunciation
/pˈɑːle‍ɪ/

Definition & Meaning of "parlay"

to parlay
01

to combine multiple individual bets into one larger bet, with the potential for a higher payout if all of the individual bets are successful

example
Example
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I wanted to parlay my $ 20 win into an even bigger payout with another bet.
Poker players will sometimes parlay a table stack into buying into a higher stakes game.
Parlay
01

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

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