Pronounce Parlay as P AH R L AH Y.
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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 valueHe hoped to parlay his basketball skills into a college scholarship.
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