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.
A worked example
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.
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: