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Parlay Fees

Parlays have a unique fee structure that compounds across legs while maintaining the same risk-based principles as single bets.

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How Parlay Fees Work

Each leg of a parlay incurs fees that compound together:

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System Fee

  • 0.3% base fee applied to the gross parlay amount
  • Same as single bets

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Market Fee (Per Leg)

Each leg has its own market fee based on that game’s current vault exposure:
The fees compound multiplicatively across all legs.

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Example: 3-Leg Parlay

Setup:
  • Gross bet: $100
  • Leg 1: 1.5% market fee rate
  • Leg 2: 2.0% market fee rate
  • Leg 3: 0.5% market fee rate
Calculation:

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Key Differences from Single Bets

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Why No Cap on Parlays?

Parlays inherently carry more risk:
  • Multiple games must all hit
  • Longer exposure time
  • Higher potential payouts
The compounding fee structure reflects this compounded risk while still rewarding users who pick balanced legs.

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Minimizing Parlay Fees

To get the best rates on parlays:
  1. Pick underbet sides - Legs on less popular sides have lower market fees
  2. Avoid heavily loaded games - High-exposure games have higher per-leg fees
  3. Balance your selections - Mixing favorites and underdogs often results in lower total fees

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Parlay Cashout

Parlays can be cashed out before completion. The cashout calculation uses:
The fee rebate scales with how much value your position has gained since entry:
  • Position doubled in value → 2× the initial fee as rebate
  • Position tripled → 3× rebate
This rewards successful parlay picks even on partial cashout.