1. What Does Key Parlay Mean
2. Difference Between Parlay And Key Parlays
3. 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.”

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.”

First, look at the “EV” Column, and note that your expected value decreases with every additional event/wager you add/attach EXCEPT between 2 team parlay and 3 team parlay. Again, I have no idea why this is, but IF you wager a parlay bet, make it a 3-team parlay. The Difference Between If Bets and Parlays. The other element of if bets to keep in mind is that, unlike parlays, winning payouts are not subject to a multiplier. In a successful parlay bet on these two games, a $10 wager would pay out $26. With an if bet on these two lines, a $10 bet would pay $18.18. Parlay is a synonym of accumulator. As nouns the difference between parlay and accumulator is that parlay is such a bet or series of bets while accumulator is one who, or that which, accumulates. As a verb parlay is to carry forward the stake and winnings from a bet onto a subsequent wager. The differences between a progressive parlay and a traditional parlay are that: A few of futures odds for Lord Stanley’s mug in a given year might look like this: If one or more outcome(s) included a progressive parlay is/are not successful, and other parts are, the bettor may still win some of their initial wager or even turn a profit;.

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].

Comparison Chart

What Does Key Parlay Mean

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.

Key Differences

1. The verb parlay means “bringing the stake or winnings forward from a bet onto a subsequent wager”; on the other hand, the verb parley means “to confer with an enemy.” It also means to negotiate or to discuss.
2. The noun parlay means “A single bet or so many bets where the stake and winnings are cumulatively carried forward”; in contrast, parley means “A meeting or conference between the two opponents.”
3. Parlay from the French word “parole” originating from the Italian word that means “words or promises; on the flip side, parley is originated from the French word “parler,” which means to speak.
4. To parlay means placing a bet with a series of bets using cumulative winnings, whereas to parley means to have a meaningful discussion specifically between the enemies or opposing parties.
5. Parlay has the pronunciation [pär’lā’]; on the contrary, parley is pronounced as [pär’lē].
6. The word parlay has ‘a’ as its second last alphabet; conversely, the word parley has ‘e’ as its second-last letter.
7. Parlay means to bet; on the contrary, parley is a discussion.
8. The inflections of parlay are parlayed, and parlaying; on the other side, the inflectional forms of parley are parleyed and parleying.

Conclusion

Difference Between Parlay And Key Parlays

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.

At OGPaper you are bound to find the most comprehensive guides to sports betting, online gambling and casino reviews, today we will look into the basics of sports betting by comparing two of the most common bet forms - the parlay and the straight bet, also knows as single bet. For the seasonal betting pros this may seem entertaining at best, but thousands of people from all over the world face the betting sheet for the first time every day and the decision between placing a straight bet or going parlay will be one of the first they have to make. The difference between these two bets is very simple to grasp, so let's compare the sports betting forms of parlay and straight bet.

We will start by looking at the simpler of the two sport bets, the straight bet. Depending on the online sportsbook you've chosen, this bet can also be seen as 'single bet', which makes explanation so much simpler. In its essence, a straight bet is a wager placed on only one betting option. This would be best illustrated with an example. Let's look at the betting options on the New York Giants vs. Dallas Cowboys game as posted by the online sportsbook 5Dimes. The bookie has the following figures available for placing a straight bet:

At this point, if we have selected to place a straight wager, we can only choose one of those options and place a bet on it. We can, for example, choose to bet the money line that the Cowboys will win the game with odds -175 or we can choose to bet the spread at -3 points chalk the Cowboys. Either way we go, we can only wager on one of those choices, hence the 'single bet' as called by some other sportsbooks.

As you can see, unless you bet a large amount of money on a straight bet, the chances are you will not win much. For example, if we wager $100 on Dallas to win outright with the -175 money line we would get only around $57 in profit, if the Cowboys win.

That's where the parlay comes into play as a form of betting - you can increase the risk of the bet while increasing the reward, as well. With the parlay one can wager on the outcome of two or more games, increasing the possible payout of the bet. Let's illustrate the parlay bet with another example. Let's say that the odds to win on the three different football games are as follows: Cowboys will pay out on -175 odds, Packers on -137 and Broncos on -380. Let's say you think all three games will come out like that and you have a bankroll of $300. If you place straight wagers on all 3 games with $100 bet on each you would win your wager back ($300) plus a profit of just $156. But if you bet a parlay with all three games and wager the bankroll of $300 you would win your $300 back plus the profit of $726, since with the parlay bet the odds multiply by each other (-175x-137x-380)x$300=$1026.

Parlay Vs Parley

As one can see from the example above, parlay betting greatly increases the profit from the wager, but at the same time multiplies the risk one takes. Unlike a straight bet, where all you have to guess is the outcome of one single event, for your parlay bet to be a winner all wagers must be winners, i.e. if from the three games above the Packers lost their game, the entire bet is a loss. There are different bets that protect you from a loss, but we will look at those specialty wagers in another article. For now, the decision between parlay and straight bet is whether one wants to bet on a single game, i.e. small risk for small reward, or if one prefers to increase the risk and the reward by wagering on two or more games simultaneously.

Published on 10/21/2010

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