PARLAY

Parlay

A parlay, accumulator or combo bet is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or "pushes", the parlay reverts to a lower number of teams with the odds reducing accordingly.

The above text is a snippet from Wikipedia: Parlay (gambling)
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parlay

Noun

  1. Such a bet or series of bets.

Verb

  1. To carry forward the stake and winnings from a bet onto a subsequent wager.
  2. To increase.
  3. To speak about peace. To have peace talks. See also: pow-wow.
  4. To convert into something better


The above text is a snippet from Wiktionary: parlay
and as such is available under the Creative Commons Attribution/Share-Alike License.

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