What does parlay mean or Definition?

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List of meaning for parlay

to place a wager on an upcoming event

parlay(verb)

a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers

parlay, double up(verb)

stake winnings from one bet on a subsequent wager

to use or develop (something) to get something else that has greater value

He hoped to parlay his basketball skills into a college scholarship.

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