Meaning of the word "parlay into" in English

What does "parlay into" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

parlay into

US /ˈpɑːrleɪ ˈɪntuː/
UK /ˈpɑː.leɪ ˈɪn.tuː/
"parlay into" picture

Phrasal Verb

to use an advantage or success that you have to achieve a greater success

Example:
He managed to parlay his small investment into a fortune.
She hopes to parlay her acting success into a directing career.