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Translate files Parlay
/ˈpɑːr.leɪ/
Meaning & Definition
noun
A bet that links together two or more wagers, with the potential for higher payouts.
He placed a parlay on three different football games, hoping for a big return.
An act or instance of parlaying, especially in sports betting.
Winning the parlay brought him a windfall that he hadn't anticipated.
verb
To bet or gamble on a series of connected events, where the stakes of one bet are used to fund the next.
He decided to parlay his initial winnings into a larger bet on the final game.
To leverage or use something for a greater advantage or profit.
She was able to parlay her success in the small business into a much larger enterprise.
Etymology
Originating from the early 19th century, possibly from the French 'parier', meaning 'to bet'.
Common Phrases and Expressions
parlay a bet
To combine multiple wagers into one.
parlay one's winnings
To use the profits from a previous bet to make new bets.
parlay into something
To use something as a means to achieve something greater.
Related Words
betting
The act of risking money on the outcome of an event.
gambling
The practice of playing games of chance for money.
investment
The action of investing money for profit.
Slang Meanings
To leverage one's situation.
He managed to parlay his experience into a better job offer.
To turn a small win into a bigger opportunity.
She twice parlayed her small earnings into something much bigger.