Parlay Bets Are Burning Gamblers as Market Takes Off on Kalshi
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Retail bettors are piling into long-shot multi-leg bets on prediction-market platforms, opening up a lucrative opportunity for sophisticated traders taking the other side.<br>Combo wagers, known as parlays in sports gambling, let users bundle multiple outcomes into a single bet. One popular combo for the World Cup final had Spain leading at halftime, Argentina winning the match and either team scoring at least two first-half goals. It traded at an implied probability of 2.7% at kickoff.<br>Combo bets have become the fastest-growing corner of the prediction-market world since first showing up late last year, representing 36% of the contracts traded ...
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