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parlay (n.)

1701, parloi, a term in the card game faro involving applying money won to a continuing bet, from French paroli, from Italian parole (Neapolitan paroli) "words, promises," plural of parolo (see parole (n.)). Verbal meaning "exploit to advantage" is by 1942.

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Definitions of parlay from WordNet
1
parlay (v.)
stake winnings from one bet on a subsequent wager;
Synonyms: double up
2
parlay (n.)
a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers;
From wordnet.princeton.edu