Definition of Parlay

to place a wager on an upcoming event

Examples of Parlay in a sentence

During March Madness, many gamblers parlay their earnings on the basketball teams that they think will win the tournament.  🔊

Since my wife wouldn’t allow me to parlay my entire paycheck on the horse race, I put down as much as I could on my favorite horse.  🔊

After having a dream about the Kentucky Derby’s War Horse, I would parlay a large amount of money on him to win the race.  🔊

Many people lose money at boxing fights because they parlay their money on the wrong boxers.  🔊

I parlay a good percentage of my money each week on lottery tickets because I know one day I will win millions of dollars.  🔊

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