verb. ['ˈpɑːrleɪ'] stake winnings from one bet on a subsequent wager.
1. Verb, base form As a college student, you may be able to parlay your major into extra cash. 2. Verb, non-3rd person singular present Many parlay their education and experience into corporate management positions.
noun. ['ˈpɑːrleɪ'] a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers.