Glossary / Strategy / Correlated parlay
A ParlayAPI glossary entry

Correlated parlay

A correlated parlay is a parlay whose legs are statistically dependent - when one leg wins, the others become more likely to win too. Books either block such combinations or price them with correlation adjustments, because multiplying dependent legs' odds overpays the bettor.

In practice

Classic correlations: a big favorite's moneyline with the game over (blowouts add points), a QB's passing yards with his top receiver's receiving yards, or a first-half line with the full-game line. Historically some books mispriced these badly enough that correlated parlays were a genuine edge; modern SGP engines price correlation explicitly, though imperfectly - measuring their haircut against your own dependence estimates is the modern version of the old edge.

Where it shows up in ParlayAPI

Per-leg prices for game lines and props across books come from the standard endpoints, giving you the independent-multiplication baseline; the SGP demo shows correlation-adjusted pricing on live games for comparison.

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