Underdog launches team parlays to challenge multi-pick sports betting markets trend
Betting and stats giant Underdog has launched a new team parlays feature to rival the growing trend of multi-pick wagers on event contracts.
A traditional Same Game Parlay (SGP) in the licensed sports betting world includes lines from one game, and when stacked, gives higher odds.
Multiple-event pick wagers have long been a staple of regulated, state-licensed betting involving the outcomes of multiple team events. This could be the moneyline for multiple NBA, NFL, and MLB matchups, for example.
Underdog’s team parlays are an attempt to compete with state-regulated sports markets and to offer multiple cross-sport team picks in a single outcome, in addition to the existing team picks feature in the app.
Underdog launches team parlay feature
In a post on X, Underdog shows three basketball teams and one NFL team as part of a single outcome parlay.
Team Parlays are live!
You can now combine up to 4 team picks in a single entry pic.twitter.com/SRueAw4Pzk
— Underdog (@Underdog) February 2, 2026
Underdog teased this feature as part of its team-up with Crypto and allows account holders to make what would traditionally be an accumulator-style parlay, but with the predictions partner Crypto’s bespoke status.
We reported on the deal pairing the sports and fantasy powerhouse with the CFTC-regulated Crypto. Underdog founder and CEO Jeremy Levine made a forward-looking statement about the company’s roadmap for prediction market wagering.
“While still new and evolving, one thing is clear: the future of prediction markets is going to be about sports, and no one does sports better than Underdog.”
Future of multi-pick team parlays
In addition to Levine’s views, Crypto’s Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com was “thrilled” at the possibilities that could come out of the deal.
“We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.”
This team parlay builder seems to be one of the earmarked innovative offerings, but with increasing pressure on federally regulated markets, it may be either the future Levine spoke of or another toe across a state-regulated line.
Featured image: Underdog
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