Parlays at Novig: Increased Payouts, Fees & Eligible Markets

A Novig parlay links multiple sports event contracts into one position instead of trading each leg on its own.

Every leg must resolve the way you picked it for a parlay to pay out (similar to a traditional sportsbook parlay).

When you build a parlay on Novig, you ask for one price on the entire combined trade. A market maker on the other side of the trade accepts the trade against you. This model makes Novig parlays different from standard sportsbook parlays, as the latter requires you to take the house's preset odds.

Parlays aren't unique to Novig — other prediction markets also allow users to combine multiple trades into one trade. See our guides on Kalshi Combos and Polymarket Combos to learn more.

Here's how to build at parlay at Novig:

1. Pick your legs: Browse eligible sports markets and select the outcomes you want on your ticket, at least 2 and up to 12 legs.
2. Verify that all legs are eligible: Novig will alert you if you need to remove an ineligible leg on a ticket. Give the app a couple of seconds to recalculate every time you add a leg, especially on bigger tickets.
3. Review your live price: Novig quotes the combined parlay price based on current market activity, fee included.
4. Confirm the trade: Once you’re comfortable with the quoted price and potential return, submit the ticket with the amount you want to trade.

As with any prediction market, always trade within your means. Our responsible trading guide covers tools available across these platforms if you want a closer look.

According to CNBC, parlays accounted for a third of Novig's $125 million in trading volume during its opening week. 

Parlays resonate with sports fans because of the excitement and higher stakes. You need all of your legs to hit — otherwise, it won't pay out anything. They create an interesting opportunity for fans to try predicting how a perfect storm of events might play out.

Perhaps the most compelling feature of parlays? Their compounding effect that can lead to higher payouts.

Combining legs into one parlay stacks the odds of each individual trade together, which means your potential payout grows a lot faster than if you’d made each trade as a separate position.

I wanted to see the compounding effect for myself, so I built a real parlay at Novig using two anytime touchdown contracts I had my eye on, both priced the same:

• Emanuel Wilson 1+ Anytime TD — Yes at 45%
• Woody Marks 1+ Anytime TD — Yes at 45%

When I built the parlay, the app quoted me a 4.74x multiplier. On a $25 trade, that comes out to $118.50 if both legs hit.

Then I checked what I’d get trading these the same way, but split into two separate $12.50 trades instead of one parlay. At 45%, $12.50 buys 12.50 �� 0.45 = 27.78 contracts, so each trade pays $27.78 on its own if it hits. Two of those: $27.78 × 2 = $55.56 total.

So by parlaying these two picks instead of trading them separately, I’d walk away with $62.94 more if both picks hit ($118.50 vs. $55.56).

That gap looked big enough that I double-checked where it was coming from.

That gap looked big enough that I double-checked where it was coming from. Each leg priced at 45% carries its own fair multiplier of 1 ÷ 0.45 = 2.22x on its own. Multiply the full, unrounded value by itself (2.2222... × 2.2222...) and you get a “pure” fair parlay multiplier of about 4.94x with both legs at 45%. The 4.74x I actually got quoted is lower than that, and that difference is the parlay fee baked right into the quote.

So the math checks out on both ends:

• The big payout jump is compounding doing what it’s supposed to do
• The lower-than-pure multiplier is the fee doing what it’s supposed to do

The tradeoff is still real, though. Split the trades and one miss still lets me collect on the other leg. Parlay them together and one miss means the whole $118.50 is gone, no matter how the other leg resolves.

While every prediction market app has its pros and cons, one of my favorite features at Novig is its straightforward parlays.

Most contracts on the platform are parlay-eligible, and that's largely due to Novig's focus on sports.

Take Polymarket. It lists tons of contracts across different categories, which makes parlay (or "combo") building more difficult. For example, Polymarket doesn't let you combine a political event contract with a sports contract.

At Novig, it's simpler. The few restrictions are expected, as they tend to be standard for sportsbook bets and sports-related event contracts at other prediction markets.

For instance, in my experience building tickets, you cannot parlay futures alongside game-level trades, since they settle on different timelines than moneylines or props tied to a single event. You should plan on trading futures as their own standalone positions.

Additionally, know that you might not be able to combine certain props from the same game, even if the game itself is otherwise parlay-friendly.

The good news is that Novig makes it easy to navigate these restrictions, as it will automatically alert you that trades aren't eligible to be parlayed together when you try adding them to your slip.

Same-game parlays (SGPs) are allowed at Novig. You can combine a moneyline, a spread, and most player props from the same matchup into a single Novig parlay.

Novig also lets you mix and match across different contract types rather than forcing you to stick to one market category per ticket. A moneyline paired with a total, or a prop paired with a spread, works the same way a traditional sportsbook same-game parlay would, just priced through Novig’s order book instead of a fixed house line.

Additionally, you can combine picks across games and leagues.

As mentioned in our Novig review, parlays are priced differently than single trades.

Every parlay (what Novig calls a “combination contract”) runs through its RFQ system, and that system uses its own fee schedule separate from single trades.

The fee is already baked into your quoted price, so you’re not charged something extra on top after the fact.

Right now, the parlay coefficient sits higher than the one applied to straight trades ($0.10 vs. $0.06), which is part of why combining legs costs a bit more proportionally than trading each one on its own.

A few other things worth knowing:

• Parlay fees apply whether or not the game has started. Straight trades at Novig are only charged a fee while the event is live, but parlay fees are charged the moment your trade executes, live or not.
• There’s no separate fee for adding legs. The cost is built into the single quoted price for the whole ticket rather than charged leg by leg.
• Maker Credits don’t apply to parlays. Novig’s Maker Credit program, which can offset fees on straight trades, specifically excludes combination contracts.

Every leg in a Novig parlay has to win for the full parlay to pay out, but the grading gets a little more nuanced when a leg doesn’t settle clearly.

All legs win: Your parlay wins and pays out based on the combined odds across every leg.

A leg pushes or voids: If any leg settles to fair market value (FMV) instead of a clear win or loss before the rest of the parlay is decided, Novig recalculates the ticket by multiplying the settled price of each leg together, including the FMV price for the pushed leg.

Say you’ve got a three-leg parlay and one leg pushes at $0.50 FMV while the other two legs win outright: $1.00 × $1.00 × $0.50 = $0.50, so the parlay settles at that recalculated price instead of refunding your stake outright. Your order slip updates automatically when this happens, with a tool tip explaining why the payout changed.

A leg loses: One losing leg is enough to sink the entire parlay, no matter how the rest of the legs settle.

Worth noting: Novig treats pushes and voids as the same thing. Both mean a leg settles to fair market value rather than a direct win or loss, so you might see either term used in the app.