A parlay is a bet that combines two or more single wagers into one bet, increasing the payout with each additional bet - the more bets added to the parlay, the higher the potential payout. DraftKings allows several types of parlays for our players from traditional parlays, Player Prop Parlays, as well as Same Game Parlays (SGP).
All added bets must win in order for the parlay to win. If one selection in the parlay loses, the whole parlay loses. If a selection results in a push, it is removed from the parlay and the odds are recalculated accordingly.
Traditional Parlay bet example:
In this case, we have a parlay that includes three selections:
- the Cowboys at +6,
- the Bengals at +3 and
- the Eagles at +3.5.
We need all three selections to win so our parlay can be considered winning. If the parlay wins, $100 will get you a combined profit of $613. If any of the selections lose, the whole parlay is considered lost.
A bet on the Green Bay Packers to win the NFC North parlayed with the Packers to win the NFC and advance to the Super Bowl would be deemed 'too closely related', and a parlay wouldn't be accepted.