What is a parlay?
One bet made of several picks chained together. Every pick must hit, one miss and the whole thing pays nothing.
The payouts look enormous because the math is brutal. Chain three picks that each hit 70% of the time and the chain only survives about a third of the time, and sportsbooks pay you less than that chance deserves on every link. It's the bet they advertise hardest for a reason.
Prediction markets don't do parlays: every question stands alone with its own honest percent. Want the longshot thrill anyway? Back several unlikely things separately. One miss doesn't burn the rest, and you can cash any of them out along the way.
| Picks | Each hits | All hit |
|---|---|---|
| 1 | 70% | 70% |
| 2 | 70% | 49% |
| 3 | 70% | 34% |
| 5 | 70% | 17% |