Parlay vs. Parley

Main Difference

The main difference between Parlay and Parley is that Parlay is a single bet or so many bets where the stake and winnings are cumulatively carried to succeeding wager, whereas Parley is a meeting, discussion, or conference between the enemies opponents."

Difference Between Parlay and Parley

Comparison Chart

Parlay vs. Parley

A parlay is a noun as well as a verb. As a noun, it means “A bet or the series of bets where the winnings are cumulatively carried forward.” Parley is also a noun and a verb, and it means “A meeting or conference between the two opponents.”

Parlay as a verb means “to carry or bring forward the stake or winnings from series of the bets” For example, “He parlayed his blackjack winnings.” It also means “To increase,” “to talk about peace,” or “to exploit something into a more valuable thing.” Parley, as a verb, means “to confer with an enemy.” It also means to negotiate or to discuss. For example, “The leaders plan to parley their differences in a neutral location.”

To parlay means placing a bet with an already existing winning series of bets. To parley means to have a meaningful discussion specifically between the enemies or opposing parties. In simple words, parlay means to bet, whereas parley is a discussion.

A parlay is an American word that originated from the term ‘paroli.’ This was a gaming term having French and Italian origins. Parley is originated from the French word “parler,” which means to speak.

The inflections of parlay are parlayed and parlaying. The inflectional forms of parley are parleyed and parleying. The word parlay has six letters with the pronunciation [pär’lā’]. The word parley has the same number of letters with a difference of second last letter with “parlay.” It is pronounced as [pär’lē].

What is Parlay?

The term parlay is a noun and also a verb. As a noun, it has the meaning “a cumulative series of winning bets which is bet again.” It means “to make another bet by using the winnings from a previous bet.” Parlay has the pronunciation [pär’lā’]. It comes from a French “parole,” originating from Italian a word that means “words or promises.” The history of this word in English traced back to 1701 as a term in the card game named “faro.”

A parlay is the winning that is following an early series of winning. For example, “He parlayed his blackjack winnings.” The inflections of parlay are parlayed and parlaying. Another meaning of parlay is to exploit or invest something into a more valuable thing. For example, “He parlayed a simple invention into a national bestseller with an infomercial.”

Examples

• “He parlayed his assignment into a deal.”
• The recognition must have to parlay into a lucrative celebrity.
• He parlayed a considerable investment into a company with millions in revenues.
• My friend parlayed a 400 dollars investment into a mega-dollar business.

What is Parley?

Parley is a word that comes under the category of the noun, as well as the verb. It has more than one meaning. In simpler words, parlay means a speech or conversation. It is a specific speech between two enemies or opponents. Hence Parley means “a negotiation or discussion between the two enemies.” As a noun, it means a speech or discussion, whereas as a verb, it means to discuss or to hold any discussion.

Parley is known to be any discussion, negotiation or conference, between enemies. It can be over various terms or matters. Parley holds great importance. To attack any member of the opposition party during a parley was considered an extreme breach, and it was against the rules of war. The inflectional forms of Parley are parleyed and parleying. The term parley has the pronunciation [pär’lē]. It is derived from the French word parler, which means “to speak.”

Examples

• “Solomon’s successor parleyed with them.”
• “His enemies asked for a parley with the intention of murdering him.”
• They may refuse to parley with their opponents.
• The politicians plan a parley with the minister of another country.
• The tribe was parleying with the king.

Conclusion

Parlay, and Parley are homophones in the English language. They have almost the same pronunciation but significantly different meanings. There is also a difference in their spelling, and the two terms greatly vary from one another based on their meaning and usage.