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parlay

parlay

parlay - Dictionary definition and meaning for word parlay

Definition
(noun) a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers
Definition
(verb) stake winnings from one bet on a subsequent wager
Synonyms : double up

Mnemonics (Memory Aids) for parlay

When you parlay, you "LAY it all on the line."
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