Simple Definition of parlay
: to use or develop (something) to get something else that has greater value
Full Definition of parlay
1 : to bet in a parlay
2 a : to exploit successfully b : to increase or otherwise transform into something of much greater value
Did You Know?
If you're the gambling type, you may already know that parlay can also be used as a noun describing a series of bets in which a person places a bet, then puts the original stake of money and all of its winnings on new wagers. But you might not know that parlay represents a modified spelling of the French name for such bets: paroli. You might also be unaware that the original French word is still occasionally used in English with the same meaning as the noun parlay.
Origin and Etymology of parlay
French paroli, noun, parlay, from Italian dialect, plural of parolo, perhaps from paro equal, from Latin par
First Known Use: 1828
Definition of parlay
: a series of two or more bets so set up in advance that the original stake plus its winnings are risked on the successive wagers; broadly : the fresh risking of an original stake together with its winnings
First Known Use of parlay
Learn More about parlay
Britannica English: Translation of parlay for Arabic speakers
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