FanDuel captured 45% of gross gaming revenue during the 12 months to June 2023, firmly outpacing rival DraftKings' 28%, according to research firm Eilers and Krejcik Gaming. 'It definitely was a catalyst for FanDuel to grow its market share disproportionately at that time,' said Conor Farren, FanDuel's senior vice president of sports product and pricing.įanDuel remains the market-share leader in US online sports betting, though rival DraftKings has narrowed the gap in recent weeks. 'The same-game parlay was the right product in the right market at exactly the right time.'

'It became the killer app,' said Scott Longley, editor of the Earnings+More gambling newsletter. The same-game parlay, a phrase FanDuel coined, has since caught fire, meshing well with the high-scoring, stat-driven, athlete-personality focus of US sports - and propelled FanDuel to the forefront of the betting market. Have an account? Log in.įanDuel's Australian sister sportsbook, Sportsbet, had cracked the code a few years earlier, and Flutter had expanded the bet-builder format to the UK and other markets.įanDuel was eager to bring the technology to the US as it grasped for a competitive edge. This story is available exclusively to Business InsiderĪnd start reading now. Find out your 12 team parlay odds or 15 team parlay odds with our free parlay calculator above.Account icon An icon in the shape of a person's head and shoulders. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. The total odds of your parlay are determined by the individual odds of your bets.

Compare that to the parlay profit of $200.77, you can see why parlay betting is so appealing. So in total you would receive $149.28 profit. Had you have bet these individually it would look like this You staked $100 so your profit would be $200.77. In this example, if the 2 team parlay won (Both the rockets and magic won) a stake of $100 would return a payout of $300.77. Each selection has it’s own odds but by placing both selections in to a parlay wager, the odds increase as both selections must win.

For example ORL Magic -185 and HOU Rockets -105. What is a Parlay?Ī parlay wager consists of at least 2 selections. It’s not an easy task to work out a two team parlay never mind 15! So a parlay calculator is an essential tool for all bettors. A Parlay Calculator is a tool that works out your parlay wagers payout.

Sports parlay betting calculator