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parlay

 
Dictionary: par·lay   (pär'', -lē) pronunciation
 
tr.v., -layed, -lay·ing, -lays.
  1. To bet (an original wager and its winnings) on a subsequent event.
  2. To maneuver (an asset) to great advantage: parlayed some small investments into a large fortune.
n.

A bet comprising the sum of a prior wager plus its winnings or a series of bets made in such a manner.

[Alteration of paroli, staking of double the sum staked before in faro, from French, from obsolete Italian, probably from Italian parare, to place a bet, from Latin parāre, to prepare. See pare.]


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An open programming interface (API) to a service provider's network (the network operator), developed by the Parlay Group www.parlay.org). By enabling the customer's application to talk directly to the network, it allows the end user to have greater access to network information as well as manage certain network features. The object-oriented, network-independent Parlay API supports multimedia data types and discovery. Pronounced exactly like the French "parler," which means "to talk."

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WordNet: parlay
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Note: click on a word meaning below to see its connections and related words.

The verb has one meaning:

Meaning #1: stake winnings from one bet on a subsequent wager
  Synonym: double up


 
Wikipedia: Parlay (gambling)
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A parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses. If any of the plays in the parlay pushes, the parlay reverts to a lower number of teams with the odds reducing accordingly.

Odds and payout

Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common 2-team NFL parlay might have a payout of 2:1 if both picks are correct. In reality, however, if one assumes that each single game bet is a coin flip and would be expected to pay out at 1:1, the true payout should instead be 3:1, a substantial difference.

Example

Example 1
Alex places a three-team NFL parlay on the Packers, Bears and Bengals. If any one of those teams fail to cover the spread, Alex loses his parlay bet. But if all three teams beat the spread, Alex gets paid $600 for every $100 bet.

If Alex pushes on one of those picks, he then has a two-team parlay. If he pushes on two picks, he would then have a straight bet.

Example 2
Arsenal F.C. is playing Manchester United F.C. at home ground
Home team to win: 1.70
Draw: 3.20
Away team to win: 4.50

Chelsea F.C. is playing Fulham F.C. at home ground
Home team to win: 1.70
Draw: 3.30
Away team to win: 4.40

Liverpool F.C. is playing Tottenham Hotspur F.C. at home ground
Home team to win: 1.30
Draw: 4.00
Away team to win: 8.50

Matches results:
Arsenal F.C. 0:0 Manchester United F.C.
Chelsea F.C. 2:1 Fulham F.C.
Liverpool F.C. 3:1 Tottenham Hotspur F.C.

Parlay wager example #1:
You bet on Arsenal F.C. to Draw, Chelsea F.C. to win and Liverpool F.C.to win. Wager amount is $1000.
You win $6072 as Arsenal F.C. did draw, Chelsea F.C. did win and Liverpool F.C. did win.
The calculation is as follow: $1000 x 3.2 x 1.7 x 1.3 = $7072, less stake of $1000

Parlay wager example #2
You bet on Manchester United F.C. to win, Chelsea F.C. to win and Liverpool F.C., Wager amount is $1000.
You lose $1000 as Manchester United did not win.

See also


 
Translations: Parlay
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Dansk (Danish)
v. tr. - øge værdien af, udnytte
n. - forhandling, underhandling

Nederlands (Dutch)
winst plus eerste inzet opnieuw inzetten, met succes exploiteren, waarde verhogen door opnieuw in te zetten, opnieuw ingezette winst

Français (French)
v. tr. - remettre en jeu ses gains, (fig) faire fructifier
n. - remise en jeu des gains

Deutsch (German)
v. - (Gewinn) wieder einsetzen, auswerten
n. - erneuter Gewinneinsatz, Auswertung

Ελληνική (Greek)
v. - (ΗΠΑ) στοιχηματίζω εκ νέου την ήδη κερδισμένη μίζα
n. - πάρολι (όρος των τυχερών παιχνιδιών)

Italiano (Italian)
rilanciare, raddoppiare la messa, sfruttare, mettere a profitto, rilancio

Português (Portuguese)
v. - fazer apostas acumuladas
n. - acumulada (f)

Русский (Russian)
переводить ставку, перевод ставки, выгодно использовать

Español (Spanish)
v. tr. - apostar a parlay
n. - sistema de apuestas

Svenska (Swedish)
v. - underhandla (Am.), begagna sig av
n. - underhandling

中文(简体)(Chinese (Simplified))
连本带利的赌, 使增值, 连本带利的赌博

中文(繁體)(Chinese (Traditional))
v. tr. - 連本帶利的賭, 使增值
n. - 連本帶利的賭博

한국어 (Korean)
v. tr. - 늘리다, 활용하다, (원금과 상금을) 다시 (다른 말에) 걸다
n. - 원금과 상금을 다시 다른 말에 걸기

日本語 (Japanese)
v. - さらに賭ける, 活用する

العربيه (Arabic)
‏(فعل) يراهن (الاسم) رهان, مراهنه‏

עברית (Hebrew)
v. tr. - ‮הימר על הסכום בו זכה, עלה בערכו‬
n. - ‮הימורים מצטברים‬


 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Computer Desktop Encyclopedia. THIS COPYRIGHTED DEFINITION IS FOR PERSONAL USE ONLY.
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WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Parlay (gambling)" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more

 

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