parlay
verb
parlayed;
parlaying;
parlays
Definition of parlay
(Entry 1 of 2)
1
: to bet in a parlay
2a
: to exploit successfully
He hoped to parlay his basketball skills into a college scholarship.
b
: to increase or otherwise transform into something of much greater value
She parlayed $5,000 and years of hard work into a multimillion-dollar company.
parlay
nounDefinition of parlay (Entry 2 of 2)
: 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
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