pyramid bet: Meaning and Definition of

pyr'amid bet"

Pronunciation: [key]
  1. a set of bets on two or more horse races or other sporting events in which the stake and winnings from the first bet automatically become the stake in the next bet, and so on as long as each bet wins. Also called
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.