How DraftKings Trades Work

On DraftKings Predictions you don’t take odds from a house. You buy a contract that pays $1 if it happens and $0 if it doesn’t, at a price between 1¢ and 99¢ set by other traders. That price is the market’s probability — and you can sell before the game is over.

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What is a trade on DraftKings?

A trade is buying or selling event contracts at a price. Each contract pays $1 if its outcome happens and $0 if it doesn’t, so a 25¢ price is the market saying 25%. You trade against other traders on DKeX, not against DraftKings.

How do trades work on DraftKings?

The Rams are 25¢ to win. You buy 20 contracts for $5.00. If the Rams win, each settles at $1 and you collect $20 — a $15 gain. If they lose, the contracts settle at $0. And if the Rams go up early and their contract trades at 60¢, you can sell your 20 for $12 without waiting for the final whistle.

What does “trades” mean on DraftKings?

Your trades are the event contracts you have bought or sold on DKeX. Each is a position on a yes/no outcome that settles at $1 or $0, priced by other traders rather than set by DraftKings.

What does Sell mean on DraftKings Predictions?

Sell closes a position you hold. Your contracts go back into the market at the price traders are paying right now, before or during the event — above what you paid locks in a gain, below it caps the loss instead of riding the contract to $0.

Trade vs. bet: what’s actually different

Who is on the other side. Other traders, on an exchange (DKeX), not the operator setting a line.
Who regulates it. The CFTC, as event contracts — not a state gaming regulator.
The price moves. Contracts reprice every trade, so you can exit early at the market price.
Where it runs. Most US states, with sports contracts in fewer — see the state guide.

Singles vs. combos

A single contract is one outcome. A combo (DraftKings’ parlay) joins several and pays only if every leg lands. Combos are cheap and pay big when they hit — here is what they have paid back across everyone who traded them, from DKeX’s own reports:

DK Tape · combos vs single contracts

DraftKings combos paid back 94¢ on the dollar over the last 14 settle days. Single contracts paid back 101¢.

Oct 22 – Nov 6, 2026 · 2,863,971 combos · $94,452,473 of combo contracts traded

The more legs, the less comes back

Cents back per $1 of combo contracts, by number of legs. The thin line is single contracts (101¢).

2 legs

101¢312,439

3 legs

96¢423,501

4 legs

96¢515,003

5 legs

90¢361,669

6 legs

87¢307,581

7 legs

87¢204,126

8 legs

79¢219,090

9 legs

81¢106,725

10 legs

74¢100,038

11 legs

72¢61,532

12 legs

67¢53,744

13 legs

64¢36,035

14 legs

61¢31,507

15 legs

52¢25,513

16 legs

72¢19,269

17 legs

49¢14,876

18 legs

56¢13,888

19 legs

42¢11,699

20 legs

51¢45,736

See the full DK Tape: price paid, sport and this week’s most-used legs →

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DraftKings trades — frequently asked

How does DraftKings Predictions work?

You buy a contract on a yes/no outcome — a team to win, a player to score. Each contract pays $1 if it happens and $0 if it does not, and its price, between 1¢ and 99¢, is the market’s probability of it happening. The contracts trade on DKeX, DraftKings’ own CFTC-registered exchange, against other traders; you can sell before the game ends to lock in a gain or cut a loss.

What is a trade on DraftKings?

A trade is buying (or selling) event contracts at a price. Buy 10 contracts on the Rams to win at 25¢ and you pay $2.50; if the Rams win, the ten contracts settle at $1 each and pay $10. If they lose, they settle at $0. Before kickoff or during the game you can sell them back at whatever the market is paying.

How do trades work on DraftKings?

You pick an outcome, buy YES or NO contracts at the listed price, and hold them until the event settles at $1 or $0, or sell them back into the market first. Buy 20 contracts at 25¢ for $5.00: a win pays $20, a loss pays $0, and if the price climbs to 60¢ mid-game you can sell all 20 for $12.

What does "trades" mean on DraftKings?

On DraftKings Predictions, your trades are the event contracts you have bought or sold on DKeX. Each one is a position on a yes/no outcome that settles at $1 or $0, priced by other traders rather than set by DraftKings.

How is DraftKings Predictions different from DraftKings Sportsbook?

DraftKings Sportsbook sets the odds and takes the other side of your position; DraftKings Predictions is an exchange where traders buy and sell contracts with each other at prices the market sets, regulated by the CFTC rather than a state gaming regulator. The practical difference: your price moves with the market, and you can exit before the outcome is known.

What is a combo on DraftKings Predictions?

A combo joins several outcomes into one contract that pays only if every leg lands. They are cheap to buy and pay big when they hit, but on DKeX’s own reports combos paid back 94¢ per $1 traded over the last 14 settle days, against 101¢ for single contracts. The DK Tape tracks it daily.

What does Sell mean on DraftKings Predictions?

Sell closes a position you hold: your contracts go back into the market at the price traders are paying right now, before or during the event. Sell above what you paid and you lock in the gain; sell below it and you cap the loss instead of riding the contract to $0.

Can I sell a DraftKings trade before the game ends?

Yes. Any contract you hold can be sold back into the market at the current price, before or during the event. That is the core difference from a fixed-odds ticket: the price updates as the game unfolds.

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