🔗Parlays

A classic sport offering is to extend the ticket slip to include multiple outcomes of different games for a chance to a higher payout. Users can string together multiple positions and experience a whole new dimension for trading sports markets.

Each “leg” or individual position in the parlay must win for the parlay to be deemed a winner.

Overtime traders can combine markets by composing multiple tokenized positions into a single ERC-20 position with an automated market maker.

Same Game Parlays

Traders can combine positions from a single game with Same Game Parlay positions. SGP can be bought in two manners. The first one is by selecting a quick SGP from the left hand side menu to select one of the pre built SPG, while the second is to build your own. If you wish to build your own SPG make sure to select the SPG option in the ticket builder. Each offer their own benefit.

Guidelines for Parlays

• Parlays incur an additional fee of 3%, plus the normal Safebox fee of 3%

• Buy-in is a minimum of 3 USD

• Parlays are limited to 15 positions

• A single parlay can’t have the same team/player/fighter in the same parlay, even with a different date

• Buys only

• The minimum price quote is 200 combined quote for each market Combined Price Quotes for Parlay's

Each position added to a parlay updates the combined price quote. For example if you start with a position at 0.70, then add another market at 0.10, you end up with 0.07. Markets with price quotes of 0.5, 0.3 and 0.6 (0.5 x 0.3 x 0.6 comes to a combined quote of 0.09). A parlay with 4 positions will come to the combined quote by multiplying the first quote by the second quote, then that by the third quote, and that by forth quote.

You can view your parlays from the Profile page, with open positions listed under Open/Claimable and completed positions included in your Transaction History

Market Cancellation

If a market included in your parlay is cancelled, that market's quote is effectively removed. If you have 4 markets and 1 of them is cancelled, your initial collateral is essentially now applied to 3 markets instead of 4. The calculation for your total parlay’s quote replaces the cancelled market with 1. If you have a parlay with 0.5, 0.3 and 0.6 (0.5 x 0.3 x 0.6 comes to a combined quote of 0.09) and the game with 0.3 odds is cancelled, the new calculation is 0.5 x 1 x 0.6 (and a combined quote of 0.3).