Definition of "parlay" in English

verb

1. (ambitransitive, gambling) To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers.

2. (transitive, by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner.

   • Shall we parlay the value of our products?

3. (transitive, by extension, generally) To convert (a situation, thing, etc.) into something better.

4. (intransitive) Alternative spelling of parley (“to have a discussion, especially one between enemies”).

noun

1. (originally US, gambling) A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator.