if an event or situation is played out in a particular way, it happens in that way
Example: Children often play out quite violent scenes.
if you play out a situation, you pretend that it is really happening
Example: His career as a writer was played out against a background of alcoholism.
to continue to play a sport until the end of a particular period
Example: She had come this far, she decided, so she might as well play out the drama to the end.
to develop or end in a particular way
Example: She played out the rest of her career in America.