Parlay Definition

pärlā, -lē
parlayed, parlaying, parlays
verb
parlayed, parlaying, parlays
To bet (an original wager plus its winnings) on another race, contest, etc.
Webster's New World
To exploit (an asset) successfully.
To parlay one's voice into fame.
Webster's New World
To use to great advantage or transform into something better.
Parlayed some small investments into a large fortune.
American Heritage

To convert into something better.

Wiktionary

(by extension) To increase.

Wiktionary
Synonyms:
noun
parlays
A bet or series of bets made by parlaying.
Webster's New World

Other Word Forms of Parlay

Noun

Singular:
parlay
Plural:
parlays

Origin of Parlay

  • 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 pare

    From American Heritage Dictionary of the English Language, 5th Edition

  • Coined ca. 1828 as a verb, used as a noun ca. 1904. From French parler (“speak").

    From Wiktionary

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