parlay

parlay definitions

noun
  • A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator. 

verb
  • To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers. 

  • To convert (a situation, thing, etc.) into something better. 

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