(Entry 1 of 2) transitive verb. 1 : to bet in a parlay. 2a : to exploit successfully He hoped to parlay his basketball skills into a college scholarship. b : to increase or otherwise transform into something of much greater value She parlayed $5,000 and years of hard work into a multimillion-dollar company.

What does parlaying mean in slang?

Informal. to use (one's money, talent, or other assets) to achieve a desired objective, as spectacular wealth or success: He parlayed a modest inheritance into a fortune. noun. a bet of an original sum and the subsequent winnings.

What does Parler mean in gambling?

A parlay is a wager type in which two or more bets are linked together to create one bet with a greater payout. But all the selections must win for the best to cash. You can parlay point spreads, moneylines, over/unders, player props and more. ... Favorites, underdogs, you name it.