“ We’re excited about our Progressive Parlay offering and its potential to generate higher parlay mix and leg count, and thus higher hold percentage, as well as being a great win with customers who will be able to win money on their parlays even if they don’t win every leg of their bet,” DraftKings CEO Jason Robins said on the Investor Day call.īettors are paying a hefty premium for the chance to win even if missing a few legs, as a typical 10-leg NBA player prop parlay on DraftKings - with all legs at -110 - would pay out at more than 642/1. Eight correct would yield a payout at +300 odds. Get nine of them right, the payout drops to 15/1. In an example on one of the slides, a bettor who picks 10 over/under props and gets them all correct would stand to win at 150/1 odds. Naturally, more picks equal a higher payout, but bettors will be able to get some picks wrong and still cash out. Bettors can choose as few as three picks and as many as 12. In this new offering, mobile sportsbook bettors can pick over/under props and mash them together. You get DraftKings “ Progressive Parlays,” which is coming soon to the sports betting app and was introduced during the company’s Investor Day presentation Tuesday. What do you get when you cross Hard Rock Bet ’s “flex parlay” feature, Underdog and PrizePicks-style over/under markets, and PrizePicks’ own flex play feature?
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