Usually means: Bet using winnings for more.
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We found 27 dictionaries that define the word parlay:

General (20 matching dictionaries)
  1. parlay: Merriam-Webster.com
  2. parlay: Oxford Learner's Dictionaries
  3. parlay: American Heritage Dictionary of the English Language
  4. parlay: Collins English Dictionary
  5. parlay: Vocabulary.com
  6. Parlay, parlay: Wordnik
  7. parlay: Cambridge Advanced Learner's Dictionary
  8. parlay: Wiktionary
  9. parlay: Webster's New World College Dictionary, 4th Ed.
  10. parlay: The Wordsmyth English Dictionary-Thesaurus
  11. parlay: Infoplease Dictionary
  12. parlay: Dictionary.com
  13. parlay: Online Etymology Dictionary
  14. Parlay (disambiguation), Parlay (gambling), Parlay: Wikipedia, the Free Encyclopedia
  15. parlay: Rhymezone
  16. parlay: Free Dictionary
  17. parlay: Mnemonic Dictionary
  18. parlay: Dictionary/thesaurus

Business (1 matching dictionary)
  1. parlay: Legal dictionary

Computing (1 matching dictionary)
  1. Parlay: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. parlay: Idioms

Slang (3 matching dictionaries)
  1. parlay: Green’s Dictionary of Slang
  2. Parlay: Street Terms: Drugs and the Drug Trade
  3. parlay: Urban Dictionary

Sports (1 matching dictionary)
  1. Parlay: Backgammon

(Note: See parlayed as well.)

Definitions from Wiktionary (
)
American English Definition British English Definition
verb:  (transitive, intransitive, gambling) To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers.
verb:  (transitive, by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner.
verb:  (transitive, by extension, generally) To convert (a situation, thing, etc.) into something better.
noun:  (originally US, gambling) A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator.
verb:  (intransitive) Alternative spelling of parley (“to have a discussion, especially one between enemies”) [(intransitive) To have a discussion, especially one between enemies.]

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