Parlay Payout Breakdown: PrizePicks Vs Sports Betting

• PrizePicks offers smaller payouts on parlays than standard legal sports betting sites.
• Six over/under player props at Bovada in a parlay offer +4170 odds and six props at PrizePicks offers only 25x your money.

ATLANTA – PrizePicks offers lower payouts on player prop parlays than standard sports betting sites in the US. However, PrizePicks is still a thriving and growing community that has over a million members across 31 states plus Washington DC. So, why are people signing up and betting with PrizePicks when there are more profitable options available at sportsbooks like Bovada that accept players from 45 states?

As an example, let’s first look at a four leg parlay and what it would payout as a power play at PrizePicks versus a standard parlay at a sportsbook. A power play at PrizePicks is when you combine two to four over/under player props and all have to be correct for the bet to win. Here are the legal NFL betting picks:

• Jared Goff Over 253.5 Passing Yards (-115)
• CeeDee Lamb Over 90.5 Receiving Yards (-115)
• Brock Purdy Under 251.5 Passing Yards (-115)
• Tyler Lockett Over 50.5 Receiving Yards (-115)

PrizePicks would pay you 10x your money if all legs hit, resulting in $200 from a $20 bet. If you used Bovada or a different legal sports betting site, this parlay would offer +1122 odds and would cash $224.24 on a $20 wager.

Right off the bat, the difference in profit is clear but we are just getting started. If betting on pick’em player props, you will almost always have the chance to win more money on the same parlay when using a sportsbook instead of making a power play or a flex play at PrizePicks.

Is It Worth It To Flex At PrizePicks?

One of the unique features that PrizePicks offers their members is the ability to flex any three, four, five, or six pick slips. Essentially, they offer insurance on your bets that lowers the amount you win if all picks hit but gives you the chance to cash out if one or two picks miss.

PrizePicks Payout Breakdown

• Two Pick Power Play – 3x your money
• Three Pick Power Play – 5x your money
• Four Pick Power Play – 10x your money
• Four/Five Flex Play – 2x your money
• Five/Five Pick Flex Play – 10x your money
• Four/Six Pick Flex Play – 1.5x your money
• Five/Six Pick Flex Play – 2x your money
• Six/Six Pick Flex Play – 25x your money

Sportsbook Parlay Payout Breakdown

• Three (-115) props – +553
• Four (-115) props – +1122
• Five (-115) props – +2184
• Six (-115) props – +4170

Keep in mind when you want to make a five or six pick play on PrizePicks it has to be a flex play, as power plays are only offered for cards with two, three, or four total picks. At Bovada, players can pick up to 16 legs for real money parlay betting.

What Makes PrizePicks Different Than Other DFS Apps?

While PrizePicks falls under the DFS category, it operates differently than FanDuel or other Daily Fantasy Apps. When entering a FanDuel contest, you are creating a lineup of players from a specific sport and competing against other real players’ lineups.

On PrizePicks, you pick the over or the under on a variety of player props (2-6) and bet on them all hitting to get your money. They offer flex options to let you cash on 4/5, 4/6, or 5/6 picks hitting but you are still playing against the house instead of other players like on FanDuel.

Does PrizePicks Cut Into The Revenue Of Legal Sportsbooks?

Looking at the revenue reports of the Michigan Gaming Control Board, PrizePicks adjusted revenue from January to September of 2023 was $10,069,112.02. Michigan internet sports betting from January to October of 2023 recorded over $283 million in revenue. While sports betting still trumps daily fantasy, PrizePicks still outperformed the other DFS operators in MI.

PrizePicks generated a total of 4,155,204.49 more in revenue than DraftKings and FanDuel DFS combined from January to September of 2023.

News tags: Bovada | DFS | FanDuel | Michigan | NFL | PrizePicks