“Parlay” and “parley” are two terms that may sound similar but have different meanings and usages. “Parlay” is primarily used in the context of betting or turning something into a greater value, while “parley” refers to discussions or negotiations, especially between opposing sides. This lesson will help you distinguish between these two terms with clear definitions and examples.
Parlay
Definition:
“Parlay” means to bet one’s winnings again or to exploit something into something more valuable.
Examples of use:
He parlayed his blackjack winnings into enough money to pay for all his expenses.
She parlayed her early success into a thriving business empire.
The investor parlayed a small sum into a substantial fortune through smart decisions.
Parley
Definition:
“Parley” as a verb means to confer with an enemy, negotiate, or discuss. As a noun, it refers to a conference to resolve disagreements or disputes.
Examples of use:
The leaders plan to parley their differences in a neutral location.
The opposing generals agreed to a parley to discuss the terms of surrender.
The peace talks were essentially a parley to end the long-standing conflict.
“Parlay” involves turning something into a greater value, especially in betting or business, while “parley” refers to discussions or negotiations, often in the context of resolving disputes. Understanding these distinctions will enable you to use these words appropriately in your writing and conversation.
