In the near-six years legal sports betting has been available beyond Nevada, there are few evolutions that have had a greater impact than parlays and same-game parlays.
Parlays, specifically SGPs, have attracted the betting novice into the ecosphere while still challenging the most seasoned bettor. They have significantly raised the bottom line for operators — among states that provide both sports betting revenue and handle figures for parlay wagering, the hold in January was 18.5% from $1.72 billion handle.
That has fueled a robust opening to 2024 for sportsbooks. The overall nationwide win rate of 10.9% with only Kentucky yet to report is tracking to be the fourth-highest of 68 months in the post-PASPA era.
To try and help bettors fare, well, better when it comes to parlay wagering is Hall of Fame Bets, an app by Dartmouth grads and co-founders Hari Meyyappan and Erik Jones, who are both in their 20s. It provides player and team data for multiple sports that users can filter by specific needs to help them tailor parlay wagers or prop bets, potentially offering better chances to come out winners.