Definition of parlay in English:

parlay

Line breaks: par¦lay
Pronunciation: /ˈpɑːleɪ
 
/
North American

verb

[with object] (parlay something into)
Turn an initial stake or winnings from a previous bet into (a greater amount) by gambling: parlaying a small bankroll into big winnings
More example sentences
  • Baccarat is a good fit for folks who enjoy the agony and ecstasy of gambling as well as the resplendence of the milieu, and don't come to the casino primarily or exclusively to parlay small stakes into big bucks.
  • He wanted somehow to parlay his stake into ownership of the whole paper and have us send him more money in the meantime.
  • They are in the position of the horse player who bet two dollars on a long shot, then parlayed his bets and kept winning, race after race, until he bet the entire wad, $10,000, on a 10-1 shot in the last race.

noun

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A cumulative series of bets in which winnings accruing from each transaction are used as a stake for a further bet.
More example sentences
  • The book includes several articles that include discussions of betting the side-total parlay and betting NBA futures.
  • On parlays, Bet 365 offers true odds instead of fixed odds, which often contain onerous vig.
  • But at least in betting a baseball parlay, the player isn't bucking outrageous odds set by the house.

Origin

late 19th century: from French paroli, from Italian, from paro 'like', from Latin par 'equal'.

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