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n. (gambling) - 1. A wager and its winnings from a previously successful bet used for additional betting. 2. A type of bet, usually wagered on pro team sports, where all teams picked must all win in order to collect a fixed wager.
v.- to bet in such a manner (or just gambling in general)
Typical Parlay Payouts
2 Teams 13/5
3 Teams 6/1
4 Teams 11/1
5 Teams 20/1
6 Teams 40/1
7 Teams 75/1
8 Teams 150/1
9 Teams 300/1
10 Teams 700/1
In betting terms a parlay is used to take winning's from a previous bet and add them to a new bet. A better term to describe this would be to "Press your Luck".
Dealer: What do you want to do with your winnings?
Me: I want to press it. (parlay)
1) to dilly dally and waste time
2) to appear as if one is working hard, but nothing of value is really being accomplished
Adam just parlayed in undergrad
It's when you drink a bit, smoke a bit, fuck your girl a bit, then watch some TV.
"Yo what you doin rite now?"
"Ah I'm parlayin for a minute boy"
A fancy party. Usually outside of the ghetto.
We shall take a taxi instead of the bus to go parlay.