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Parlay   /pˈɑrleɪ/   Listen
verb
parlay  v. t.  
1.
To wager the winnings plus the initial stake of one bet on a subsequent wager, or to engage in a series of such increased wagers. Note: This is the characteristic act in a common betting system used by gamblers to try to achieve a large win from a small initial stake. Statistically, it is similar to betting a small stake on a game with a large payoff and a proportionately small chance of winning.
2.
To exploit success in one endeavor so as to achieve greater success in subsequent endeavors.
3.
Fig., to transform a gain into something of greater value.



noun
parlay  n.  The act of betting the winnings from a prior bet, plus the original stake, on a subsequent bet; the second or later such bet in a series; also, a series of such bets, with the stakes for later bets coming from the winnings of earlier bets. Note: This is the characteristic act in a common betting system used by gamblers to try to achieve a large win from a small initial stake. Statistically, it is similar to betting a small stake on a game with a large payoff, but with a proportionately small chance of winning.






Collaborative International Dictionary of English 0.48








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"Parlay" Quotes from Famous Books



... had noticed a table near the counter, and from the faces of those who sat about it, and chance snatches of their talk, he recognized brothers of the craft. A sort of instinct, moreover, pointed out the table near the counter as a spot whence he could parlay with the owners of the restaurant. In time an acquaintance would grow up, he thought, and then in the day of distress he could no doubt obtain the necessary credit. So he took his place at a small square ...
— Lost Illusions • Honore De Balzac



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