People commonly confuse parlay and parley because the two words are pronounced the same and have similar definitions. For example: 'The two sides met for a parley to discuss the terms of the treaty.' Why do people commonly confuse parlay and parley? Parley is a noun which means a discussion or negotiation between two or more parties.
For example: 'I decided to parlay my winnings from last week's lottery into a new car.'
Parlay is a verb which means to bet on the successful outcome of a series of events. Parlay and parley are two different words with two distinct meanings. What are the differences between parlay and parley?
