What is a parlay?
A parlay combines two or more legs into a single prediction. All legs must win for you to receive a payout. If any leg loses, the entire parlay loses.
Odds multiply across legs:
Combined odds = (leg1 × leg2 × ... × legN) / 100^(N-1)
Max payout = net_stake × combined_odds / 100
Current scope
M1 parlays are soccer-only. You cannot mix sports legs with crypto or pump.fun markets in a single parlay yet.
/parlay or by adding legs from sports market cards.
Anti-correlation rule
You cannot include two legs from the same match in one parlay. The platform enforces this on-chain to prevent correlated predictions that would not be true independent outcomes.
The parlay pool
Parlays are backed by a separate LP pool, not individual market vaults:
| Actor | Role |
|---|
| LPs | Deposit USDC into the parlay pool; earn from losing parlays |
| Players | Stake against the pool; win multiplied payouts if all legs hit |
Settlement cases
| Case | Result |
|---|
| All legs win | Full max payout |
| Any leg loses | $0 |
| Some legs voided | Odds recalculated on remaining legs |
| All legs voided | Full stake refunded |
| Below minimum legs | Full stake refunded |
Leg resolution
Each leg resolves independently when its underlying market resolves. A permissionless resolve_leg instruction reads the market outcome and marks the parlay leg won, lost, or voided. Settlement runs once all legs have a final state.
