/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.