One of the reasons betting sites are different from prediction markets

[Oshosondy]

I know prediction markets are betting site. Even Kalshi is facing unnoticed lawsuit from Washington attorney general, saying it is a betting site. But this thread is about the reason people on prediction markets can not go for parlay.

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

[alani123]

Parlay is possible when the bookmaker is solely organising your odds but in polymarket the events are called a market for a reason.

Everyone can exit the market and affect the price. So you can't really lock in a bet on parlay because the money to pay you out won't exist just because you added more markets to your slip.

In a bookmaker with a parlay you're essentially playing against the bookie. On a market I'm not sure where the money for such multiplies would come.

[STT]

Its a better argument to say the prediction sites relate to high finance and should come under those restrictive trading regulations.   Or crazy idea you could just let the free public do as they wish with the knowledge the free market is not always perfectly safe.
   Such common sense is uncommon, we are likely to be chasing our own tails forever trying to eliminate the concept of risk in the universe, red tape will be our saviour with endless paperwork to cushion any possible injury.

[Cryptohygenic]

Am I wrong? Is parlay possible on prediction market?

I strictly bets on slots slots and sports bets, I am saving my self the stressing of betting in the prediction market where there is no data's to accord the analysis of the event unlike that of football or the pure game of chances.
But deepened based on my research, this prediction betting market does not allow the mixed reactions of bettors choosing more game option to w single game slip. There could also be evolve of some bookie to make it possible but I  not sure such development is existing yet.

[_act_]

Such common sense is uncommon, we are likely to be chasing our own tails forever trying to eliminate the concept of risk in the universe, red tape will be our saviour with endless paperwork to cushion any possible injury.

Prediction market is between betting and trading. Betting is very risky while trading is also very risky to the extent that people mistakenly call trading as gambling. Definitely prediction market is a risky market or the odds will be very small but it is an interesting market.

There could also be evolve of some bookie to make it possible but I  not sure such development is existing yet.

Do you mean the evolution of prediction markets to make it possible? I doubt it but there is nothing impossible in the future.

[cryptoaddictchie]

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

I think not possible on prediction market. I saw their feature and it seems you can only do single bet on single bet option. Its really confusing probably from the side of government to distinct the two but I can see how their set up works more like closely to trading than being a gambling feature.

Also theres more option outside sports theme betting cause anything can open on prediction market like Will Jesus be revive by 2027 like haha topics like this exist or even Presidential outcome.

[Cointxz]

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

I think not possible on prediction market. I saw their feature and it seems you can only do single bet on single bet option. Its really confusing probably from the side of government to distinct the two but I can see how their set up works more like closely to trading than being a gambling feature.

Also theres more option outside sports theme betting cause anything can open on prediction market like Will Jesus be revive by 2027 like haha topics like this exist or even Presidential outcome.

Betting market is just like an exchange which user just buying and selling contracts that’s why they manage to avoid being tagged as betting site.

I don’t explore much this type of website since I’m not a regular bettor on sports but the closest thing they can introduce that can match parlay is offering an option that has multiple condition on single betting market.

[Fortify]

I know prediction markets are betting site. Even Kalshi is facing unnoticed lawsuit from Washington attorney general, saying it is a betting site. But this thread is about the reason people on prediction markets can not go for parlay.

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

I'm guessing that this is just semantics really. I don't know how these prediction markets work, are they set up to only allow basic bets with simple outcomes that are clearly defined? I was thinking that you could make a 3+ part bet if you wanted, you just have to break it down into steps and all steps must come true for the bet the pay off. Ultimately though, don't you need other people to match the opposite side of the bet and nobody is really going to be interested in taking the opposite side of your particular combo? You might be right, that this is a distinction, but it's logical. Bookmakers actually want people to make parlay bets because they are one of the most profitable.

[Outhue]

Anything that has to do with prediction is gambling, the attorney general is right after all.
The only difference I can see between casinos and prediction websites is one depends on every life event, not just stops like betting platforms do.

With prediction platforms you can bet on anything possible, with others it ends with sports and games, there isn't any difference between these two.

I am a slots fan guy, more than I do on betting platforms and that's because I am a gamer right from day one, I had almost all consoles in the 80s, family con, Saturn, Nintendo and others.

[Darker45]

I assumed parlay is one of the things Polymarket doesn't offer which traditional betting sites do. I did a quick research to confirm and was surprised they actually have their own kind of parlay.

The main difference is that Polymarket's parlay is pre-packaged. It isn't the kind of parlay that allows the bettors to freely build it as they wish. In Polymarket, you're provided with a fixed set of legs. For example, you predict that both Indiana and Milwaukee are either winning or losing. Parlay sets also depend on whether they're made available or not.

[cryptoaddictchie]

Betting market is just like an exchange which user just buying and selling contracts that’s why they manage to avoid being tagged as betting site.

I don’t explore much this type of website since I’m not a regular bettor on sports but the closest thing they can introduce that can match parlay is offering an option that has multiple condition on single betting market.

Yes sir more like a finance or resemblance to an exchange than a gambling, I think that idea is great an offering with multiplie conditions  on a single bet. But I doubt they will incorporate it as most prediction market usually do the typical and maybe if they do that they will thought that they are nearing to be generalized as sports bet gambling site which Im am afraid they dont want to think about.

Maybe I would try to do some on polymarket to observe more differences.

[fullfitlarry]

I know prediction markets are betting site. Even Kalshi is facing unnoticed lawsuit from Washington attorney general, saying it is a betting site. But this thread is about the reason people on prediction markets can not go for parlay.

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

Also the listing itself, most are about politics so I don't consider betting on them as pure sports betting. I'm not familiar with Poly are far as parlay goes, but as you have said, it's not available then that's another reason why it's not sports betting.

In any case, if I have to ask, did some sports bettors here really go and bet on Polymarket? What will be the experience though?

[Slow death]

I wonder what kind of parlays could be made in the prediction market? In this prediction market, there are so many strange things that people bet on that even analyzing them based on information becomes complicated, and in my opinion, people only bet based on intuition. Now imagine that just betting on something strange in the prediction market is already difficult; adding another prediction to form a parlay would be even more difficult. I highly doubt people would do it.

Also, the events seem to be over long periods, something like betting on who will be the next Republican or Democratic candidate for the US presidency when there are still many years until the next election. I don't see how someone would bet on that today and also make another bet to form a parlay. I simply don't understand why people use and like this prediction market. I don't like and don't use prediction sites.

[swogerino]

I know prediction markets are betting site. Even Kalshi is facing unnoticed lawsuit from Washington attorney general, saying it is a betting site. But this thread is about the reason people on prediction markets can not go for parlay.

Am I wrong? Is parlay possible on prediction market?

I have visited Polymarket and I noticed parlay is not possible. These is one of the reasons many people on betting sites like Stake and Duelbit can not go for Prediction markets for their favourite clubs match to be on.

For their favorite clubs most casinos offer sport betting that also include any parlay up to 25 games max from what I see is the maximum number of games in a parlay. Prediction markets if you are referring to Polymarket and trading sites like Etoro or similar ones of course are not made for parlays. Each serve a different purpose so you need to differentiate between the two, they are not the same thing, one is for trading and the other for gambling, I know a lot of similarity between them but as I said they are different things. For me though both can be considered the same as in both of them you are risking your money on future event you have absolutely no power on their outcomes and most of the time luck is the only factor deciding the outcome of such events.

[Charles-Tim]

For their favorite clubs most casinos offer sport betting that also include any parlay up to 25 games max from what I see is the maximum number of games in a parlay.

I have bet on a parlay with 30 matches before, so this will differ from gambling site to another gambling site.

Prediction markets if you are referring to Polymarket and trading sites like Etoro or similar ones of course are not made for parlays.

eToro is a multi asset brokerage and trading platform.

The prediction markets that are most common are Polymarket and Kalshi. But Kalshi is only available in United States. The third one is Coinbase prediction market which is also only available in the United States.

[lodocus]

You can’t place a bet and multiply your winnings in prediction markets like Polymarket, because a “market” doesn’t work that way. In reality, what you’re doing there is essentially “buying a stake” in a bet. For example, if you’re betting on a team to win a match. In regular casinos, however, you give your entire stake to the casino and play against the house. What you do on Polymarket isn’t exactly creating a bet slip, but by placing consecutive bets on matches taking place at different times, you can effectively create a sort of bet slip.

[rdluffy]

And that’s one of the many differences between prediction markets and traditional betting markets
I actually replied to a thread about this just the other day: https://bitcointalk.org/index.php?topic=5578418.msg66546366#msg66546366

And here I talked specifically about parlays: 

Live betting, the wider variety of bets, the possibility of parlays, etc., mean that the opportunities offered by traditional casinos are much greater than those of the prediction market

[Ochan_yazo_tochant]

Great point, OP. The real barrier isn't just liquidity—it’s the lack of 'Cross-Market AMMs' that can price combined risks algorithmically across independent order books.
But here’s the real question for everyone: If prediction markets add Parlays, do they lose their Forecasting integrity and just become decentralized casinos? Or is this the missing piece for professional hedging?

[OsaiEmma]

Parleys often have to do with multiple outcomes being stacked or compounded together as one, where one result affects the other. This is easily implemented in a normal sport betting. But prediction market is like trading, where you trade on the outcome of a particular game, so applying parleys will be difficult.

Although you can trade on the outcome of different games, but the payout won't stack on each other but rather be standing individually, like a parallel connection , meaning the outcome of one game will not necessarily affect the outcome of the other positively or negatively. Meanwhile parleys are like series connection where the outcome of one game influences the final result, they're all interdependent.

[SmartGold01]

I have not found time to use it became what I need is solidly on the gambling site than using predictions market, perhaps; till now vast majority of people often still believe that is not a gambling site that it's a predictions site. But what people should understand is that "whatever you put in any place that you are expecting winning or to be lucky to get something higher than expected is always a gamble". People do not know that, so for site like polymarket is entirely gambling site but they said it is not.