Betting and stats giant Underdog has launched a new team parlays feature to rival the growing trend of multi-pick wagers on event contracts. A traditional Same Game Parlay (SGP) in the licensed sports betting world includes lines from one game, and when stacked, gives higher odds. Multiple-event pick wagers have long been a staple of regulated, state-licensed betting involving the outcomes of multiple team events. This could be the moneyline for multiple NBA, NFL, and MLB matchups, for example. Underdog’s team parlays are an attempt to compete with state-regulated sports markets and to offer multiple cross-sport team picks in a single outcome, in addition to the existing team picks feature in the app. Underdog launches team parlay feature In a post on X, Underdog shows three basketball teams and one NFL team as part of a single outcome parlay. Team Parlays are live! You can now combine up to 4 team picks in a single entry pic.twitter.com/SRueAw4Pzk — Underdog (@Underdog) February 2, 2026 Underdog teased this feature as part of its team-up with Crypto and …