Is “Parlay” a Scrabble word?
Yes
PARLAY
Valid in at least one Scrabble dictionary
Valid in these dictionaries
SOWPODS / CSW
Scrabble UK & International
TWL / NWL
Scrabble North America
Large English Dictionary
General English word list
Meaning of Parlay
/ˈpɑːleɪ/
noun
1.(originally United States) A bet or series of bets where the stake and winnings are cumulatively carried forward; an accumulator.
verb
1.To carry forward the stake and winnings from a bet on to a subsequent wager or series of wagers.
2.(by extension) To increase (an asset, money, etc.) by gambling or investing in a daring manner.
“Shall we parlay the value of our products?”
3.(by extension, generally) To convert (a situation, thing, etc.) into something better.
verb
1.To have a discussion, especially one between enemies.