The definition for "to parlay" is
to use or develop (something) to get something else that has greater value
Examples sentences are :
He hoped to parlay his basketball skills into a college scholarship.
She parlayed $5,000 and years of hard work into a multimillion-dollar company.
He hoped to drawn on his basketball skills to get a college scholarship.
She draw on $5,000 and years of hard work to create a multimillion-dollar company.
The definition for "to draw on " is :
to use (information, experience, knowledge, etc.) to make something
Examples sentence are :
I'll have to draw on my savings.
The novelist draws heavily on her personal experiences.
I'll have to parlay my savings.
The novelist parlay heavily her personal experiences.
Even though they are not changeable directly since they are used in different sentence structures, I wonder if they convey the almost same meaning and can be changeable in case we retouch the sentences above a bit. Another thing intrigued me that when I looked up the synonyms of the words which mean "to use" in general sense such as utilize, harness, employ or exploit , the verb "to parlay" never shows up as synonym. I wonder if it is because it sounds a bit old also?
P.S. : The sentences in bold are my sentences I tried to transform.