Definition

A type of bet where the winnings from one wager are used to place additional bets, increasing the potential payout but also the risk.

Example

He decided to parlay his winnings from the first game into a bet on the next match.

Conversation

Did you hear about the guy who won big with a parlay?

No way! What did he bet on?

He combined a few games, and it really paid off.

That’s impressive! I’ve always wanted to try a parlay myself.

Synonyms & Antonyms

Definition

To use an initial amount of money or resources to gain a larger amount, often by betting or investing in a series of events or opportunities.

Example

He decided to parlay his winnings from the poker game into a new business venture.

Tense Forms

Conversation

Did you hear about how he managed to parlay his winnings from that poker game?

Yeah, I heard he invested it in some startup.

It's amazing how he can parlay a small bet into something so big.

Root Explanation

Parlay comes from the French word 'parier' (meaning to bet) and the prefix 'par-' (meaning equal or alongside). The term originally referred to betting or wagering in a game, particularly in gambling contexts.

Memory Tip

Think of 'betting' ('parier') when you hear 'parlay' — it helps you remember that parlay means to bet or wager, often by using winnings to make further bets.

Visually Confused Words