parlay

It’s how Jones allegedly parlayed his access into profit.

Jones, who played alongside LeBron James and later coached him in Cleveland, is also accused of parlaying his privileged position into a betting edge.

The nation that watched Pete Rose exiled to sad autograph signings quickly became a land of in-game parlays, stadium betting lounges, and Vegas Super Bowls.

A parlay is a single bet that combines two or more wagers, such as betting on the outcomes of two separate games.

This includes better odds on bets and parlays, the ability to cash out whenever they want, the ability to earn interest on open bets and more liquidity.