Question 1

What is Parlay Tourney?

Accepted Answer

Parlay Tourney is a skill-based user-vs-user sports picks platform where you compete against other players in tournaments. Make your picks across NBA, NFL, MLB, NHL, and Soccer games, and win PT coins based on your performance. PT coins can be withdrawn or used for tournament entries.

Question 2

How do I sign up?

Accepted Answer

Click the "Sign Up" button in the top right corner, enter your email and create a password. You'll then be able to browse tournaments and start playing immediately.

Question 3

Is Parlay Tourney legal?

Accepted Answer

Yes! Parlay Tourney operates as a skill-based sports prediction contest (not gambling). Success depends on your sports knowledge and strategy, not chance. We comply with all applicable laws and regulations. Please check your local laws to ensure skill-based sports picks contests are permitted in your area.

Question 4

What sports are available?

Accepted Answer

Parlay Tourney offers tournaments for NBA (Basketball), NFL (Football), MLB (Baseball), NHL (Hockey), and Soccer. New sports and leagues are added regularly based on the season and user demand.

Question 5

How do I enter a tournament?

Accepted Answer

Browse the tournament lobby, select a tournament that interests you, make your picks for each game, review your entry, and submit. You'll need sufficient Parlay Tourney Points (PT) to cover the entry fee.

Question 6

What are Parlay Tourney Points (PT)?

Accepted Answer

PT coins are the virtual currency used on Parlay Tourney for tournament entry fees and prizes. You can add PT to your account through deposits, and withdraw your PT balance at any time through your wallet.

Question 7

Can I enter multiple times?

Accepted Answer

Some tournaments allow multiple entries (multi-entry), while others are single-entry only. Check the tournament details before entering. Multi-entry tournaments let you submit different pick combinations to increase your chances.

Question 8

When do tournaments close?

Accepted Answer

Most tournaments lock when the first game starts. Some tournaments allow late entry for a limited time after they start (shown with a "LATE ENTRY" badge). Once the late entry window closes, no new entries are accepted. Make sure to check the tournament details for entry deadlines!

Question 9

Can I edit my picks after submitting?

Accepted Answer

No, once you submit your entry, your picks are final and cannot be edited. Please review your selections carefully before submitting!

Question 10

What are the different market types and which combinations can I pick?

Accepted Answer

Tournaments may offer multiple market types:

• **Moneyline**: Pick the winner of the game
• **Point Spread**: Pick a team to cover the point spread
• **Totals (Over/Under)**: Pick whether the total score goes over or under a line

To ensure fair play, correlated picks (highly related outcomes from the same game) are restricted:

**Always Blocked:**
• Same team twice (e.g., Lakers Moneyline + Lakers -3.5 Spread)
• Both totals options (Over and Under on same game)

**Sport-Specific Correlation Rules:**
• **NFL/Football**: Heavy favorites (-14+ spread) + Over is blocked (correlated)
• **Soccer**: Heavy favorites (-1.5 goals+ spread) + Under is blocked (correlated)
• **Basketball/Baseball/Hockey**: Team + totals combinations are generally allowed

**Examples:**
✅ Allowed: Lakers Moneyline + Over 215.5 (different pick types, moderate line)
✅ Allowed: Patriots -21 + Under 45.5 (not correlated in NFL)
✅ Allowed: Man City -1.5 + Over 2.5 (not correlated in Soccer)
❌ Blocked: Lakers ML + Lakers -3.5 (same team twice)
❌ Blocked: Patriots -21 + Over 45.5 (heavy favorite + over in NFL)
❌ Blocked: Man City -1.5 + Under 2.5 (heavy favorite + under in Soccer)

Question 11

How does scoring work?

Accepted Answer

Simple! Each correct pick earns you 1 point. Pick 10 winners and you get 10 points. Your total score is the number of correct picks. The more games you pick correctly, the higher you rank.

Question 12

What happens if a game is postponed?

Accepted Answer

If a game is postponed or cancelled before it starts, it's removed from the tournament and your entry is adjusted accordingly. If a game is suspended during play, official league rules determine the outcome.

Question 13

What if there's a tie/push?

Accepted Answer

If a pick results in a push (e.g., a game lands exactly on the spread or total), that pick is typically voided and doesn't count toward your score. Tournament rules will specify how pushes are handled. In rare cases where a game ends in a tie with no winner declared, that pick may also be voided.

Question 14

What happens if there's a tie in points?

Accepted Answer

If multiple players have the same number of correct picks, we use tie breakers to determine the winner: 1) Closest prediction to the tie breaker game's exact score, 2) Earlier submission time. Make sure to submit your score prediction when entering!

Question 15

How do payouts work?

Accepted Answer

Each tournament has its own prize structure. Some pay top 3 only, others pay top 10, 20%, or even winner-takes-all. Payouts are distributed based on your final rank, with first place winning the largest share. Check each tournament's prize breakdown to see how many positions get paid and the exact payout amounts.

Question 16

When do I get paid?

Accepted Answer

Payouts are processed automatically within 24 hours after the tournament ends and all games are scored. Winnings are credited to your PT balance and can be withdrawn immediately.

Question 17

What is the rake/fee?

Accepted Answer

The rake is the platform fee taken from the prize pool, which varies by tournament. Most tournaments have a 20% rake. Some guaranteed tournaments may have different rake structures, and special tournaments may offer reduced or 0% rake. The exact rake percentage and prize pool are always clearly displayed in the tournament details before you enter.

Question 18

Can I withdraw my winnings?

Accepted Answer

Yes! You can withdraw your PT balance at any time through supported payment methods. Navigate to your profile, click "Withdraw," and follow the instructions. Most withdrawals are processed within 1-3 business days.

Question 19

Are my winnings taxable?

Accepted Answer

Yes, winnings from skill-based gaming are taxable income in most jurisdictions. We recommend consulting with a tax professional for specific guidance. Parlay Tourney will provide tax documentation for significant winnings as required by law.

Question 20

How do I deposit funds?

Accepted Answer

Go to your profile and click "Add Funds." We accept major credit cards, debit cards, and other payment methods. All transactions are securely processed with industry-standard encryption.

Question 21

Is my personal information safe?

Accepted Answer

Absolutely. We use bank-level encryption to protect your personal and financial information. We never share your data with third parties without your consent, and we comply with all privacy regulations.

Question 22

What if I forget my password?

Accepted Answer

Click "Forgot Password" on the login page. We'll send a password reset link to your registered email address. Follow the link to create a new password and regain access to your account.

Question 23

How do I verify my account?

Accepted Answer

For security and compliance, we may require identity verification (KYC) before your first withdrawal. Go to your profile, click "Verify Identity," and upload a government-issued ID. Verification typically takes 1-2 business days.

Question 24

How are tournament rankings calculated?

Accepted Answer

Rankings are based on total correct picks (most wins = highest rank). In case of ties, we use: 1) Closest score prediction for the tie breaker game, 2) Earlier submission time. The leaderboard updates in real-time as games are scored.

Question 25

What is the Global Leaderboard?

Accepted Answer

The Global Leaderboard ranks the best players across all tournaments. You can sort by total winnings (default), tournaments won, win percentage, or ITM percentage (in-the-money rate). Compete to reach #1 and earn bragging rights as the best Parlay Tourney player!

Question 26

How many positions get paid in a tournament?

Accepted Answer

It depends on the tournament! Each tournament displays its payout structure. Some tournaments pay only the top 3, others pay top 10 or a percentage of all entries (like top 20%). Winner-takes-all tournaments pay only 1st place. Always check the tournament details before entering to see how many positions get paid.

Frequently Asked Questions

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