Parlaymint is a mobile platform that turns sports betting into a collaborative experience, letting friends or community members build shared parlays where each participant contributes a single pick. The app locks the parlay once full, and payouts are split among winners, while only the losers cover the buy‑ins, reducing individual risk. Available on iOS and Android, it supports major leagues such as NFL, NBA, MLB, and more.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional sports betting is an individual activity where each bettor bears the full risk of their wagers, limiting social interaction and often resulting in high personal loss despite potential high payouts.
Solution
Parlaymint offers a mobile platform that transforms sports betting into a collaborative experience. Users can create or join group parlays, each contributing a single pick, and the parlay locks once all slots are filled. The platform’s unique payout structure ensures that only participants who lose their individual picks cover the buy‑ins, while winners share the total payout, reducing individual financial exposure while preserving the chance for large rewards. By integrating social features such as private groups, public parlays, and leaderboards, Parlaymint encourages shared decision‑making and community engagement around major sports leagues and bet types.
Target Audience
Parlaymint targets sports enthusiasts who enjoy betting and want a social, lower‑risk betting experience, including friends groups and broader betting communities seeking collaborative play.
Features
- Mobile app available on iOS and Android for on‑the‑go betting
- Collaborative parlays where each member adds one pick and the parlay locks when full
- Payout model where only losers pay, winners split the total winnings, and successful individual bets incur no cost
- Support for spreads, totals, and moneylines across NFL, NCAAF, NBA, WNBA, MLB, NHL, MLS, and other major leagues
- Private group creation for friends with exclusive parlays and group leaderboards
- Public parlay marketplace to join community‑driven bets
- Real‑time tracking of group stats, wins, and individual contributions