DraftKings recently announced the launch of two new products in its portfolio: Pick6 and Progressive Parlays. It’s important not to confuse the two, as they are vastly different offerings meant to diversify players’ experiences on the DraftKings platform.
DraftKings has announced the launch of Pick6 on the heels of the ongoing controversy surrounding pick’em and fantasy contests, with regulators coming down heavily on operators who design the games in such a way players are contesting against the house. Pick6 follows a peer-to-peer format where one needs to predict whether a certain player will exceed or fall short of a predetermined statistic.
How Does DraftKings Pick6 Work?
Pick6 has officially been launched in six states. DraftKings claims that the launch has been confined to a small handful of states to gather as much player feedback as possible before introducing the platform to the rest of the country. Pick6 is available as a standalone mobile app or website in South Carolina, Wisconsin, Minnesota, Maryland, Oklahoma, and Tennessee.
DraftKings Sportsbook is only available in Tennessee and Maryland, but all six states have access to DraftKings DFS.
Currently, DraftKings Pick6 is available only for NFL and NBA games and does not allow cross-sport or cross-league contests. Here’s how Pick6 works:
- Users create a lineup of a minimum of two and a maximum of six players
- Next, they have to choose if each player will have less or more for a certain statistic
- Players must be chosen from two or more teams
- The most accurate picks will win, with users competing in a peer-to-peer format
DraftKings’ Chief Product Officer Corey Gottlieb said, “Pick6 is the next great example of that innovation—this is a homegrown, peer-to-peer product that taps into our customers’ desire for fun, simple-to-play experiences tied to their favorite athletes. We are excited to give our customers another way to experience live sports by competing against each other.”
DraftKings also launched its “My Picks” feature that will allow users to view all their picks on a single screen, including those that are in live games. Pick6 also features real-time performance tracking and the option of lineup edits.
What is DraftKings Progressive Parlay?
If you’re familiar with PrizePicks’ Flex Play pick’em game, then your DraftKings Progressive Parlay is easy to understand. To put it simply, Progressive Parlay allows you to win even if every single leg of your parlay does not come through, unlike a traditional parlay, which requires all legs of the parlay to win.
Progressive parlays allow users to add from three to 12 legs under a single parlay. As the selections pile up, DraftKings’ proprietary bet builder will dynamically display how many more selections are needed to create a progressive parlay. Additionally, the bet builder also shows you how the odds change with each new addition and how many legs of the parlay need to win to have it qualify for a payout. For instance, if a user creates a seven-leg parlay, they can still win even if only five or six legs win in totality. In essence, a higher number of picks creates more opportunities to win, in turn increasing the potential of the final payout.
“We’re excited about our Progressive Parlay offering and its potential to generate higher parlay mix and leg count, and thus higher hold percentage, as well as being a great win with customers who will be able to win money on their parlays even if they don’t win every leg of their bet,” said DraftKings CEO during the company’s annual Investor Day.
Progressive Parlays combines the best Over/Under bets and flexible parlays to create a unique proposition. It’s important to note that bet types under Progressive Parlays are likely to be limited to Over/Under props.
DraftKings Pick6 and Progressive Parlays Differences
While both Pick6 and Progressive Parlays revolve around Over/Under bets, the similarities end there. Pick6 is a variation on fantasy pick’em contests, while Progressive Parlays make it easier to win parlays without the rigorous approach of traditional parlay bets.
More importantly, Pick6 games are contested between players, while Progressive Parlays are bets placed against the house. Additionally, Pick6 has its own standalone app and website, while Progressive Parlays will be available on the main DraftKings Sportsbook. Here is a summary of the differences between the two new DraftKings products:
|DraftKings Progressive Parlays
|Decided by statistics
|Decided by outcomes
|Users play against each other
|Users play against the house
|Separate from DraftKings Sportsbook
|Part of DraftKings Sportsbook
|Launched in six states
|Launch details awaited