/markets/parlay

What is a parlay?

A parlay combines several selections into one ticket. Every leg must win for the ticket to pay; one losing leg loses the whole stake. The payout compounds because each leg's return rides on the next.

Legs on the same game (a same-game parlay) are usually correlated, and venues quote those tickets below the straight product of the legs.

Worked example

Two legs at -110 each: the first leg turns $100.00 into $190.91, and riding that on the second leg returns $364.46 in total. Longer tickets compound further, and lose more often.

Illustrative numbers computed with the same conversion math our comparison tables use. Prices move. Confirm the number at the platform before you bet.

How a prediction market handles it

Today only sportsbook-style venues in our coverage quote parlays; prediction markets price single outcomes, so an equivalent would require buying each contract separately, without the compounding of one ticket.