1. What is Parlaymint?

Parlaymint is a group wagering platform where each player contributes one pick to a shared parlay. Each player’s financial outcome depends on whether their own pick wins and whether the full parlay wins.

2. How does a Parlaymint parlay work?

A group builds a parlay together. Each player submits one pick and selects the same buy-in amount. A player cannot submit more than one pick to the same parlay.

3. What does “Only Losers Pay” mean?

If one or more picks lose, players with winning picks receive their held funds back and break even. The players whose picks lost collectively cover the total cost of the parlay.

4. What happens if every pick wins?

The parlay wins based on the combined odds of all picks. Each player receives a share of the payout based on the odds of their individual pick, with higher-risk picks receiving a larger share.

5. Why are funds held when I join?

Funds are reserved upfront so the parlay can settle automatically after every pick is resolved. This allows refunds, losses, and payouts to be processed without collecting additional funds after the parlay begins.

6. How is Parlaymint different from a traditional sportsbook?

A traditional parlay is generally created and owned by one bettor. A Parlaymint parlay is built by multiple players, with one pick per person. Each pick is tracked separately, allowing winning players to break even when another player’s pick causes the parlay to lose.

7. Where is Parlaymint available?

Parlaymint is available on iOS and Android. The current product is a free-to-play beta using virtual coins.

8. Is real-money wagering available?

No. Real-money wagering is not currently live. It will only be offered through an authorized sportsbook structure and in jurisdictions where the required regulatory approvals are in place.

9. Is the Parlaymint system patented?

Yes. Parlaymint holds three issued patents covering key elements of its cooperative wagering architecture, including multi-player parlay construction, held-funds accounting, asymmetric loss allocation, and automated settlement.