verb (used with object)
- to bet or gamble (an original amount and its winnings) on a subsequent race, contest, etc.
- 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.
- a bet of an original sum and the subsequent winnings.
- to stake (winnings from one bet) on a subsequent wagerBrit equivalent: double up
- to exploit (one’s talent) to achieve worldly success
- a bet in which winnings from one wager are staked on another, or a series of such bets
n.1701, parloi, term in the card game faro, from French paroli, from Italian parole (Neapolitan paroli) “words, promises,” plural of parolo (see parole). Meaning “exploit to advantage” is from 1942.