He plans to parlay his winnings into an even bigger fortune.
- The definition of a parlay is a series of bets in which the money you have won is used as the stake for your next bet.
If you win $10, then bet that $10; then win $20 and bet the full $30 you have won so far, this is an example of a parlay.
- To parlay is to take something you have or something you win and transform it into something more valuable.
When you win $100 at the casino and you bet that $100 and end up winning thousands, this is an example of when you parlay your winnings.
- to bet (an original wager plus its winnings) on another race, contest, etc.
- to exploit (an asset) successfully: to parlay one's voice into fame
Origin of parlayaltered from earlier paroli from French from Italian (Neapolitan) dialect, dialectal from paro, an equal, pair from Classical Latin par: see par
transitive verbpar·layed, par·lay·ing, par·lays
- To bet (an original wager and its winnings) on a subsequent event.
- To use to great advantage or transform into something better: parlayed some small investments into a large fortune.
Origin of parlayAlteration of paroli staking of double the sum staked before in faro from French from obsolete Italian probably from Italian parare to place a bet from Latin parāre to prepare ; see pare .
(third-person singular simple present parlays, present participle parlaying, simple past and past participle parlayed)
- Such a bet or series of bets.
Coined ca. 1828 as a verb, used as a noun ca. 1904. From French parler (“speak").
parlay - Computer Definition
An open programming interface (API) to a service provider's network (the network operator), developed by the Parlay Group (www.parlay.org). By enabling the customer's application to talk directly to the network, it allows the end user to have greater access to network information as well as manage certain network features. The object-oriented, network-independent Parlay API supports multimedia data types and discovery. Pronounced exactly like the French "parler," which means "to talk."