parlay

If you parlay a bet, then you take the winnings from one bet and bet it again on something else. You might have seen a gambler on TV parlay her winnings into a huge fortune.

The verb parlay is often used to talk about gambling, but it can be used more broadly to describe any initial stake that you turn into something much larger. You might parlay your early investment in your brother’s company into a high-paying leadership role. Parlay also has a noun form that describes these kinds of transactions. You might notice your Uncle Bob once again betting a baseball parlay.

Definitions of parlay
  1. verb
    exploit a skill or resource in order to get something of greater value
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    type of:
    exploit, work
    use or manipulate to one's advantage
  2. verb
    stake winnings from one bet on a subsequent wager
    synonyms: double up
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    type of:
    back, bet on, gage, game, punt, stake
    place a bet on
  3. noun
    a series of wagers in which the winnings from one wager are used as a stake for the subsequent wagers
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    type of:
    bet, wager
    the act of gambling
Word Family