High Risk, High Reward, High Stake
By resolution of Le Permanent Council du Hockay and Unexplained Ice Phenomena, on the recommendation of the Bets Underwriting Team, the following is now in effect:
A citizen may tie several winners to a single slip, at a single price.
B.U.T. calls this a parlay. Le Council asked where the word comes from. B.U.T. said it had been in the ledger longer than B.U.T. had.
B.U.T. has been listening
Since the end of YOBO, B.U.T. has kept a file on the citizens who bet the most. The file is thick.
Some of them back every favourite on a matchday, one bet at a time, from the first puck drop to the last. Some back every underdog. Some set an alarm for 03:00 UITC to do it. All of them have written to B.U.T. with the same question: if every one of my bets wins, why are my payouts not multiplied together?
B.U.T. took the question under advisement. Then B.U.T. took it to O.D.D.S. O.D.D.S. found nothing wrong with the arithmetic. O.D.D.S. rarely does.
How a parlay works
- Pick a winner in two to fifteen games. Each pick is a leg.
- One leg per game.
- The games may sit on different matchdays, within the next three.
- The slip's price is the price of every leg on the board, multiplied together. O.D.D.S. rounds it down: to one decimal below ×10, to a whole number from ×10 up. O.D.D.S. does not round up.
- Every leg must win. One lost leg loses the slip. There is no partial credit. The Ice has never offered any.
Four legs at ×1.54, ×1.70, ×1.90, and ×2.42 make ×12.04. The slip reads ×12. A stake of Ⱡ1,000 pays Ⱡ12,000.
B.U.T. has set no ceiling on what a slip may pay. Le Council asked B.U.T. what happens when a citizen lands fifteen legs. B.U.T. said it would pay. Le Council has asked to be in the room when it does.
The motto, in full
B.U.T. has a motto. It is painted above the door of the Underwriting Team's office: High risk, high reward.
The painter ran out of door. The motto has three parts. The third is high stake.
A long slip turns a small stake into a large fortune, and B.U.T. underwrites every one of them. So B.U.T. asks that a citizen who reaches for the fortune put something real on the ice first.
| Legs on the slip | Minimum stake |
|---|---|
| 2 to 4 | None |
| 5 to 9 | 5% of your balance |
| 10 to 15 | 25% of your balance |
Your balance is the Looneys in your account at the moment you place the slip. What you hold in shares does not count. The minimum is rounded up to the next whole Looney.
A citizen holding Ⱡ1,000,000 stakes at least Ⱡ50,000 on a slip of five legs, and at least Ⱡ250,000 on a slip of ten. B.U.T. was asked why the tenth leg costs five times what the ninth did. B.U.T. said that was the point.
What a parlay does not do
- O.D.D.S. does not insure combinations. No modifier multiplies a parlay. Not Triple Or Nothing. Not House Rules.
- A parlay does not count toward your betting streak. Streaks belong to single bets.
- A slip cannot be changed once it is placed.
- Single bets are unchanged. Every game of the season still takes them.
When a slip closes, and when it pays
A slip must be placed before the first game on it begins.
A game that is cancelled leaves the slip. O.D.D.S. reprices the slip without it, at the prices you were given. If every game on a slip is cancelled, the stake comes back.
A slip that wins is paid with the rest of the bets on the matchday of its last leg. A slip that spans two matchdays waits for the second. The payment lands before that matchday's assessment. Le Council assesses what you won.
Effective immediately
Parlays open with this notice. On Games Markets, switch from Single bets to Parlay and pick your winners. Your slips are listed under My Bets.
Le Council reminds all participants that fifteen legs is a limit. It is not a target. Le Council does not recommend. Le Council permits.
Citizens with questions are directed to O.D.D.S. O.D.D.S. has already done the arithmetic.