Definition, Meaning & Synonyms
parlay
verb
/ˈpɑːr.leɪ/
Definition
To take an initial stake or winnings and use them to make further bets or investments.
Examples
- He managed to parlay his small investment into a substantial profit.
- She decided to parlay her winnings from the poker game into more bets.
Meaning
In a broader sense, it can also mean to leverage something for greater advantage.
Synonyms
- Leverage
- Invest
- Use
