parlay , v :
(transitive, intransitive, gambling) To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers. (transitive, by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner. (transitive, by extension, generally) To convert (a situation, thing, etc.) into something better. parlay n (originally US, gambling) A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator.
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