OG operates through CDNA, which is a CFTC-registered DCM. For the uninitiated, it’s a site for trading event contracts corresponding to predictions on real world events. Recently, the site launched a new feature: OG Parlay; so, what is it exactly?
As the name implies, OG Parlay allows you to add multiple legs to one event contract to increase your potential payout from the order. The feature is only available for sports markets and is limited to six legs per order. We tested OG’s parlay feature, and here’s a concise guide to the feature and how it works.
Quick Facts on OG Parlays
- OG’s parlay feature lets you add multiple predictions (legs) to a single trade on OG.
- The parlay feature is currently exclusive to
sports predictions on OG.
- All individual legs in your OG parlay must be correct for your parlay to win.
- Same-Game Parlays are available on select sports markets on OG.
Can You Parlay on OG?
A parlay is a new OG feature where you can add two or more legs to a single trade. Winning a parlay requires all the legs in the order slip to be correct, a higher condition than regular
prediction contracts on OG. However, parlays come with higher potential payouts if all your predictions are correct.
Parlays are only available for sports predictions on OG, and each prediction in the order slip must come from different games. Parlays can carry a maximum of six legs per order, and each leg must be a pre-match prediction.
Player props markets are ineligible for OG parlays, as legs in a parlay prediction can only come from select markets, such as Winner, Spreads, and Totals. In summary, parlays are available on OG, albeit with restrictions that limit it to certain markets and events. Here are some more details about OG parlays in a table:
| Condition | Details |
| Market limitations | Yes, sports events only |
| Same-Game Parlays | On select sports categories only |
| Parlays on live games | No |
| Leg limitation | Yes, a maximum of six legs per contract |
Pros and Cons of OG Parlays
The parlay feature on OG introduces a new way of trading predictions on the prediction market site, which comes with a higher potential payout but with a lower probability of winning. After studying the site’s parlay terms, here are the benefits and drawbacks of building parlays instead of trading regular event contracts on OG:
Pros and Cons
- Higher potential payout
- Live sports event trading
- Same-Game Parlays available
How to Parlay on OG
OG markets the parlay feature prominently on its website and app. The top right corner of OG’s homepage and event pages features an outlined “Build Parlay” button that takes you to the OG Parlay section.
Here’s how to make a parlay on OG, step-by-step:
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Click the banners on this page to open the OG website.
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Hit the “Sign Up” button at the top to begin your registration.
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Use the social sign-in options to proceed or enter and verify your email address.
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Enter your phone number and date of birth to continue.
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Complete your identity verification and answer the eligibility question.
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After completing your signup, sign in to OG and click “Build Parlay” on the top right.
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Select two or more legs from the available sports contracts to build your parlay.
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Proceed to fund your account and complete the trade after building the parlay.
Note that the maximum number of legs in an OG parlay is six, and each must be from different games, unless you’re selecting from a market that supports Same-Game Parlay. For now, Same-Game Parlay is only available on pro basketball, pro baseball, and hockey. You can close your OG parlay from the Position page on your portfolio.
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OG live sports trading
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Trade markets with OG on the go
Conclusion – Add Multiple Legs to a Single Prediction Contract with the OG Parlay Feature
The parlay feature introduces event contracts with multiple legs to the sports predictions category on OG, increasing the potential payout from the prediction. Registered traders can build a parlay on OG using the “Build Parlay” button on the top right, but the site currently limits parlays to six legs from different sports events, except for pro basketball, pro baseball, and hockey.
You can start making a parlay on OG today; just click the banners on this page to sign up, complete the required verification, and click the “Build Parlay” button to start adding legs to your parlay on the prediction market site.
OG Parlay FAQs
🤔 What Is a Parlay on OG?
A parlay is a unique type of trade on OG that allows traders to combine multiple legs in different sports events on the same event contract or prediction. For a parlay to be successful, each individual leg must be correct, increasing the potential payout for the contract.
❌ What Happens to an OG Parlay When a Leg Is Canceled?
According to OG’s help page, parlays are generally settled as a loss if any of the legs settles as a loss. For a canceled game, however, the prediction market site cancels the entire order and settles the position as a canceled event, provided none of the other legs settle as a loss.
🔒 How Do I Close an OG Parlay Position?
OG displays your active parlays in the “Position” page on the app and website. To close a position, go to the Portfolio page and click “Position”. Select any of your active parlays and click “Close” on any you wish to close.
This content is sponsored by OG / Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes.
Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
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