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junkie parlay 

A bet made by a degenerate gambler to cover losses from previous bets. The odds are usually highly against a winning out come for the gambler and if so, the payout is much larger than the risk.
I lost a G to the dog because the sox lost last night... so I put in like three junkie parlays on west coast games late last night.
junkie parlay by dmbx7 June 12, 2008

yolo parlay 

when everyone is yolo but you all agree to parlay (pirate's code) so that you can accomplish something wonderful
My bros were all YOLO but a parlay was needed so we instituted a yolo parlay.
yolo parlay by Fat Washington March 16, 2020

Pittsburgh Parlay 

A sexual act where a male roofies a female and shoves a steel beam up her choice of her vagina or ass.
Heard you and Big Ben tag teamed that girl from the bar last night.

Yeah, we gave her the Pittsburgh Parlay.
Pittsburgh Parlay by th268 October 14, 2019

work trip parlay

When making a work trip into a pleasure trip.
I was in San Diego for work so I pulled the work trip parlay and stayed the weekend on the company dollar.
work trip parlay by natguy February 4, 2009

Ballin parlay

parlay is french for talk. Ballin Talk. Sounds so southern don't it?
Look at Big Pokey in his maybach!

Now thats ballin parlay
Ballin parlay by DarkSunIsClearSky September 9, 2019

Tobacco Road Parlay 

A parlay bet involving Univerity of North Carolina and Duke and possibly, if in a pinch, Wake Forest or NC State
I was having a rough weekend at the sports book but then I took a big Tobacco Road Parlay and won it all back
Tobacco Road Parlay by Mark B. March 19, 2017