Definition & Meaning of "parlay"

to parlay

to combine multiple individual bets into one larger bet, with the potential for a higher payout if all of the individual bets are successful

Parlay

a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers

par

lay

parlay

Example

I wanted to parlay my $20 win into an even bigger payout with another bet.

The band parlayed their local popularity into international stardom.

He parlayed his talent for public speaking into a successful career as a motivational speaker.

She parlayed her small inheritance into a vast real estate empire.

The writer was able to parlay the success of his first book into a lucrative movie deal.

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