How to Build a Parlay
Combine multiple predictions into one high-reward bet. Learn how parlays work, when you win, and strategies to maximize your returns.
What is a Parlay?
A parlay (also called an accumulator or combo bet) is a single bet that links together multiple individual predictions. The catch? ALL predictions must be correct to win.
Parlays offer much higher payouts than single bets because the odds multiply together. A 3-leg parlay at 2x each = 8x total payout!
If even ONE prediction is wrong, you lose your entire stake. More legs = higher payout but lower chance of winning.
Your Wallet: Deposit & Withdraw
Before you can place parlays, you need funds in your account. Your wallet balance is used to stake bets and receive winnings.
- Fund your bets — Your stake comes from your wallet balance
- Instant betting — No delays, bet immediately with available funds
- Earn from HLP Vault — Deposit to the vault and earn yield as a liquidity provider
- Cash out winnings — Take profits after successful parlays
- Risk management — Withdraw to lock in gains and manage bankroll
- Exit vault position — Redeem shares and withdraw LP earnings
How Funds Flow
Wallet
Balance
Parlay
Payout
Out
Step-by-Step Guide
Browse Markets
Explore prediction markets across crypto, politics, sports, and more. Each market has a YES/NO outcome with real-time probabilities.
Build Your Parlay
Select 2+ outcomes from different markets. Each selection is called a "leg". The more legs, the higher the potential payout!
Set Your Stake
Choose how much to bet. Your potential payout is calculated by multiplying your stake by the combined odds of all legs.
Wait for Results
Markets resolve when their conditions are met. Your parlay stays "pending" until ALL markets in your parlay have resolved.
When Do You Win or Lose?
You Win! 🎉
ALL legs are correct
If every single prediction in your parlay is correct, you win the full potential payout!
You Lose 😔
ANY leg is wrong
If even ONE prediction is wrong, you lose your entire stake. This is the risk of parlays!
Payout Timeline
Your parlay remains pending until ALL markets resolve. Once the final market settles, your winnings (if any) are instantly credited to your account.
Pro Tips
Start Small
Begin with 2-3 leg parlays to understand how they work before going bigger.
Diversify Markets
Mix different categories (crypto, sports, politics) to spread risk across uncorrelated events.
Check Probabilities
Higher probability legs are safer but offer lower payouts. Balance risk vs reward.
Manage Bankroll
Never bet more than you can afford to lose. Parlays are high-risk, high-reward.
Frequently Asked Questions
Q:What is a parlay?
A: A parlay combines multiple predictions into a single bet. All predictions must be correct to win, but the payout is much higher than betting on each individually.
Q:Why do I need to deposit funds?
A: Your wallet balance is used to place bets. When you stake a parlay, the amount is deducted from your balance. Without funds, you cannot participate in prediction markets.
Q:How do I deposit funds?
A: Go to your Portfolio page and click "Deposit". Enter the amount you want to add to your wallet. Funds are instantly available for betting.
Q:When should I withdraw?
A: Withdraw when you want to cash out winnings, lock in profits, or manage your bankroll. Good practice: withdraw a portion of big wins to secure gains.
Q:How is the payout calculated?
A: The odds of each leg are multiplied together, then multiplied by your stake. For example: 2x × 1.5x × 2x = 6x total odds. A $100 bet would pay $600.
Q:When do I get paid?
A: You get paid immediately after ALL markets in your parlay have resolved AND all your predictions are correct. Winnings are instantly added to your wallet balance.
Q:Can I cancel a parlay?
A: No, once a parlay is placed, it cannot be cancelled. Make sure to review your selections carefully before confirming.
Q:What happens if a market is voided?
A: If a market is cancelled or voided, that leg is removed from your parlay. The payout is recalculated based on the remaining legs.
Q:What is the HLP Vault?
A: The HLP (Hybrid Liquidity Provider) Vault lets you earn yield by providing liquidity. Instead of betting, you act as the "house" and earn from platform fees and losing bets.
Q:Is there a maximum payout?
A: Yes, the maximum payout is determined by the liquidity available in the HLP Vault. Very large parlays may have capped payouts.
Ready to Build Your First Parlay?
Browse live prediction markets and combine your predictions into a winning parlay!