parlay

American  

[pahr-ley, -lee] / ˈpɑr leɪ, -li /

verb (used with object)

1. to bet or gamble (an original amount and its winnings) on a subsequent race, contest, etc.

2. Informal. to use (one's money, talent, or other assets) to achieve a desired objective, as spectacular wealth or success.

   He parlayed a modest inheritance into a fortune.

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noun

1. a bet of an original sum and the subsequent winnings.

parlay British  

/ ˈpɑːlɪ /

verb

1. Brit equivalent: double up.  to stake (winnings from one bet) on a subsequent wager

2. to exploit (one's talent) to achieve worldly success

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noun

1. a bet in which winnings from one wager are staked on another, or a series of such bets

Usage

What does parlay mean? In gambling, to parlay a bet means to “let it ride”—to wager the original amount and any winnings on a subsequent bet. Parlay can also be used as a noun to refer to such a bet.Sometimes it means something more specific, especially in the context of sports betting: a single wager that depends on the outcome of multiple events, most commonly sports games.Parlay can also be used in a general way meaning to use a resource, such as money or talent, to achieve an outcome, such as wealth or success.Example: I always end up trying to parlay my winnings and then losing everything.

Etymology

Origin of parlay

An Americanism first recorded in 1820–30; alteration of earlier paroli, from French, from Neapolitan Italian, plural of parolo, perhaps derivative of paro “equal,” from Latin pār; pair ¹

Example Sentences

When Bill Drolet dropped his daughter off for her first year at St Andrews, he parlayed it into a golf trip with buddies.

From The Wall Street Journal

The 36-year-old has parlayed interest in her daily musings into a one-woman publishing empire that is bringing in about $14,000 a month.

From The Wall Street Journal

Nigerian President Bola Tinubu for his part has managed to parlay diplomatic criticism into something palatable for both sides: military cooperation.

From Barron's

Rocco Commisso didn’t speak English when he arrived in the U.S., but he did play the accordion, a skill that he parlayed into an education.

From The Wall Street Journal

Comedian Daniel Tosh even parlayed a desire to gawk at the web’s inept and unaware into a vicious update of “America’s Funniest Home Videos” that aired on Comedy Central for years.

From Salon