PARLAY

I. transitive verb Etymology: French paroli, noun, ~, from Italian dialect, plural of parolo, perhaps from paro equal, from Latin par Date: 1828 to bet in a ~, 2. to exploit successfully, to increase or otherwise transform into something of much greater value, II. noun Date: 1904 a series of two or more bets so set up in advance that the original stake plus its winnings are risked on the successive wagers