ParlayPlay Payouts | How Do Multipliers Work for Pick’em Contests?

Do you have questions about ParlayPlay payouts? Check out this full guide, which explains how payouts and multipliers work for Pick’em Contests at ParlayPlay Daily Fantasy Sports. We’ll also explore all the different types of contests offered on the app and provide tips for maximizing your enjoyment and potential winnings!

ParlayPlay entered the online gaming scene with a bang in 2021, offering a refreshing take on daily fantasy sports with its innovative approach. Unlike DraftKings, FanDuel, and other traditional DFS platforms, ParlayPlay doesn’t make you draft full teams and battle it out with daily fantasy sharks, who tend to dominate each and every competition.

Instead, ParlayPlay allows users to enter contests where they compete against the house and build parlays using individual player prop bets for a chance to multiply their stake many times over. However, as a result of its unique gameplay format, many players find themselves puzzled by the intricacies of ParlayPlay payouts and are left wondering how multipliers work in the platform’s payout structure.

In this article, we’ll cover everything you need to know about ParlayPlay DFS contests, including the mechanics of multipliers, the nuances of their payout system, and tips for mastering this exciting and distinctive fantasy sports experience. By the time we’re finished, you’ll be well-equipped to start making your picks and confidently enter contests on ParlayPlay. Now, let’s dive right in!

What Are ParlayPlay Pick’em Contests?

To kick things off, let’s break down the unique and engaging form of daily fantasy sports (DFS) offered on the ParlayPlay platform: Pick’em Contests. In Pick’em Contests, users are presented with a selection of individual statistical projections for players in the NFL, NBA, MLB, college football, and many other sports and leagues in the United States and beyond.

Participants will then choose their favorite player prop bets by making predictions about specific player performances, such as the number of passing yards, strikeouts, or rebounds they’ll achieve in a real-world game or event.

The goal is to build a parlay by combining multiple player prop bets, and you can even mix and match across different sports, leagues, and games. The more bets you include in your parlay, the higher the potential multiplier for your stake.

Let’s take a look at each of the three specific types of Pick’em Contests offered on the ParlayPlay DFS app:

More/Less Contests

More/Less Contests, also commonly referred to as Higher/Lower Contests, are the most popular game offered by ParlayPlay and involve participants predicting whether a particular player’s actual statistical performance will be higher or lower than the projected number.

For example, in an NBA game, you might be asked to predict whether LeBron James will score more or fewer points than a specified projected total, like 25.5 points. If LeBron James scores 26 points or more and you selected “higher,” your prediction is correct. Conversely, if he scores 25 points or less and you chose “lower,” your prediction would be successful.

One of the appealing aspects of More/Less Contests is the flexibility they offer in constructing a parlay. You can choose player prop bets for as few as 2 athletes or as many as 7, tailoring your strategy to align with your risk tolerance and confidence in your chosen picks. This flexibility allows for a personalized approach, enabling you to curate a parlay that reflects your unique sports insights and preferences.

Hit-It Contests

Hit-It Contests, on the other hand, require you to predict the specific range in which an athlete will finish for a given statistical total. You’ll select two players from any of the sports, leagues, or teams offered by ParlayPlay and make educated guesses about how they’ll perform in a certain matchup.

For instance, you might forecast a quarterback’s passing yards, a starting pitcher’s strikeout total, or a goalie’s number of saves. The best part about Hit-It Contests is you will only need one of your picks to be correct to turn a profit; however, the rewards will be much greater if you happen to nail both of your selections.

Free2Play Contests

Unlike More/Less Contests and Hit-It Contests, Free2Play Contests (as the name implies) are completely free to enter. These contests are offered weekly and pit a pool of ParlayPlay users up against one another. You’ll be making Higher/Lower picks and other player stat predictions while vying to secure a top spot on the leaderboard.

At the end of the week, participants who finish near the top of the rankings will get to claim their share of the prize pool. Typically, the top three players on the leaderboard will be declared winners and will have their prize money automatically credited to their ParlayPlay accounts.

This means that your sports knowledge, prediction skills, and strategic choices can lead to real cash rewards, all without spending a dime to enter.

ParlayPlay Payouts: All-In vs. Insurance

One unique element of the More/Less Contests offered on the ParlayPlay mobile app is the option to go All-In or use Insurance for your contest entry. Here’s a breakdown of each option and how it works:

All-In Option

The All-In Option works just like a parlay at a traditional online sportsbook. When you choose to go All-In, all of your picks will need to be correct in order to win and receive a payout on ParlayPlay. In other words, there’s no room for error.

That said, the All-In option offers substantial payouts and sky-high multipliers on your initial contest entry fee. This means if you’re feeling bold and have confidence in your selections, the All-In Option can be a great way to chase the thrill of a big win. It’s an option for those who relish high-stakes excitement and are willing to test their sports knowledge to the fullest.

Insurance Option

The Insurance Option, on the other hand, gives you a little bit of wiggle room. You can make one or more incorrect selections and still receive a payout on ParlayPlay. It acts as a safety net, providing some protection against the ups and downs of sports predictions.

With the Insurance Option, you won’t achieve the same sky-high multipliers as the All-In approach, but it offers a more conservative and less risky way to enjoy the contest. It’s an excellent choice for those who prefer a balanced approach, value their peace of mind, or simply want to have fun without the pressure of getting every pick right.

How Do Multipliers Work for ParlayPlay Contests?

In case you’re wondering exactly how the ParlayPlay payout structure and multipliers work for Pick’em Contests, we’ve provided a general overview below:

ParlayPlay Payouts for More/Less Contests

The table above provides a breakdown of the multipliers and payouts for various combinations of picks made and picks correct in ParlayPlay’s More/Less Contests.

As you can see, your potential payout increases as you include more picks in your entry, with seven correct predictions offering up to 75 times your initial stake. In addition, your payout at ParlayPlay is largely based on whether you choose to risk it all with an All-In Bet or play it safe with an Insured Bet.

The decision between these two options depends on your confidence in your predictions and your appetite for risk. The allure of potentially higher rewards with the All-In Bet comes with the challenge of needing all picks to be correct, while the Insured Bet provides a safety net, ensuring you still receive a payout even if you have a few incorrect selections.

ParlayPlay Payouts for Hit-It Contests

The table above provides a breakdown of the three different scenarios that can play out when you enter a Hit-It Contest on ParlayPlay. As you would expect, the largest payout (6x your entry fee) is awarded if both of your value range selections are correct.

However, you’ll also double the amount of your initial stake if either of your value range selections is correct. Therefore, you’ll just need to go 1-for-2 to come out ahead and secure a payout in ParlayPlay’s Hit-It Contests.

ParlayPlay Payouts for Free2Play Contests

Unlike More/Less and Hit-It Contests, Free2Play Contests do not have a set payout structure. Instead, each contest will vary in terms of the prize pool being offered, the number of participants involved, and how successful you’ll need to be to earn a prize.

However, you’ll be able to monitor your picks and your current standing in the contest leaderboard throughout the week. If you manage to make enough correct picks and earn enough points to secure a winning position, ParlayPlay will reach out to you directly or add the prize to your account balance.

ParlayPlay Payouts & Multipliers FAQ