PLAIN ENGLISH
What does Parlay mean?
A parlay combines multiple selections into one wager. The potential payout increases as more legs are added, but the chance of the entire ticket winning usually falls because one losing leg can kill the bet.
IN THE WILD
How people use it
Sports betting and gambling culture.
EXAMPLE“The first four legs hit and the last leg killed the parlay.”
ALSO USED AS
multi · acca