"parlay" in the noun sense
1. parlay
a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers
"parlay" in the verb sense
1. parlay, double up
stake winnings from one bet on a subsequent wager
Source: WordNet® (An amazing lexical database of English)
Princeton University "About WordNet®."
WordNet®. Princeton University. 2010.
View WordNet® License