The Quick Answer
A three-leg top-20 parlay on Scottie Scheffler, Xander Schauffele and Rory McIlroy costs 38.18 cents on the dollar at Kalshi's BMW Championship board, a payout of 2.62x, or +162 in American odds. A $100 ticket returns $261.91 if all three finish in the top 20.
You build it by buying three separate contracts, each at its own price. There is no parlay button. That is the whole point: you can see exactly what every leg costs you.
Prices are the live bid and ask, read 2026-08-19 at 14:33 UTC.
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The Board
BMW Championship, top-20 finish, 50 players. All 50 rungs are two-sided with size and trade inside a one-cent spread, we excluded nothing, which is rare enough to be worth saying out loud.
| Player | bid | ask | ask as odds | contracts traded |
|---|---|---|---|---|
| Scottie Scheffler | 88¢ | 89¢ | −809 | 11,674 |
| Xander Schauffele | 65¢ | 66¢ | −194 | 5,620 |
| Rory McIlroy | 64¢ | 65¢ | −186 | 2,555 |
| Ludvig Åberg | 64¢ | 65¢ | −186 | 3,563 |
| Tommy Fleetwood | 64¢ | 65¢ | −186 | 7,118 |
| Cameron Young | 61¢ | 62¢ | −163 | 9,474 |
| Sam Burns | 61¢ | 62¢ | −163 | 9,974 |
| Matt Fitzpatrick | 60¢ | 61¢ | −156 | 4,337 |
| Si Woo Kim | 58¢ | 59¢ | −144 | 4,129 |
| Hideki Matsuyama | 57¢ | 58¢ | −138 | 10,953 |
| Chris Gotterup | 56¢ | 57¢ | −133 | 6,902 |
| Patrick Cantlay | 55¢ | 56¢ | −127 | 4,623 |
| Viktor Hovland | 54¢ | 55¢ | −122 | 2,812 |
| Wyndham Clark | 50¢ | 51¢ | −104 | 13,081 |
The board turned over 103,397 contracts in the last 24 hours.
What The Parlays Cost
Each leg is bought at its ask. The ticket costs the product of the legs.
| Ticket | cost | payout | odds |
|---|---|---|---|
| Scheffler + Schauffele | $0.5874 | 1.70x | −142 |
| Scheffler + McIlroy | $0.5785 | 1.73x | −137 |
| Scheffler + Schauffele + McIlroy | $0.3818 | 2.62x | +162 |
| Scheffler + Schauffele + Åberg | $0.3818 | 2.62x | +162 |
| Scheffler + Schauffele + McIlroy + Åberg | $0.2482 | 4.03x | +303 |
| Scheffler + Schauffele + McIlroy + Young | $0.2367 | 4.22x | +322 |
⭐ Every one of those prices is composed of numbers you can see. Scheffler costs 89 cents because the board says 89 cents. Nothing is rolled into a single quoted price you cannot decompose.
⛔ Read The Settlement Rule Before You Do Any Of This
These markets settle on "top 20 including ties." That is the exact wording in the contract terms, and it changes the bet materially.
Golf produces ties constantly. If four players finish tied for 19th, all four resolve YES — and so does everyone above them. More than twenty players can win a top-20 market. That is why Scheffler sits at 89 cents rather than something closer to a strict top-20 probability.
⚠️ So do not price these against a top-20 market elsewhere without checking that market's tie language. Two markets with the same name and different tie rules are not the same bet, and the one that pays ties is worth more. We are not telling you what any sportsbook charges for a top-20 finish, because we have not measured it — we are telling you what this board charges and exactly what it settles on.
⚠️ Withdrawals are handled separately too. A player who withdraws before teeing off has the market settled at fair market price; after teeing off it resolves NO.
The Thing Most Parlay Coverage Gets Wrong
Multiplying the legs assumes they are independent. They are not.
Only about twenty players can finish in the top twenty. Every player who makes it takes a slot from everyone else, so top-20 finishes are negatively correlated by construction. The true probability that Scheffler, Schauffele and McIlroy all finish top 20 is lower than 0.89 × 0.66 × 0.65.
⇒ Which means the multiplied price is not a bargain — it is the ceiling. Buying three legs separately gets you the product; the real joint probability sits under it. Anyone quoting you a correlated multi-leg golf ticket at the independent price is charging you for a correlation that works against you.
We are not putting a number on how much lower, because we have not measured it. Doing that honestly needs historical PGA finishing data, and until we have run it we are not going to guess at it.
How To Read Any Board Like This
Quote the ask, not the last trade. A price nobody will currently sell at is not a price you can act on. Every figure above is live bid and ask.
Check the spread against the price. These are quoted a cent wide, which is tight — but one cent is a much larger share of a cheap contract. On a 51-cent Wyndham Clark contract a cent is 2%; on a 5-cent longshot it is 20%.
Volume tells you whether the price is current. Wyndham Clark has 13,081 contracts behind his number. A rung with fifty has a price, not a consensus.
What This Cannot Tell You
- These Are Prices, Not Predictions. We measure what the board says. We have no model of who plays well at Caves Valley.
- It Is One Tournament. The board turns over every week; this is what is live now.
- Correlation Is Unquantified Here. We have flagged that the legs are negatively correlated and deliberately have not put a figure on it.
- We Are Not Comparing To A Sportsbook. No such measurement has been run.
FAQ
Can you parlay on Kalshi? Not as a single ticket. You buy each leg as its own contract, and the combined cost is the product of the individual prices. A three-leg top-20 ticket on Scheffler, Schauffele and McIlroy costs 38.18 cents for a 2.62x return.
What does a golf top 20 parlay pay? On the current BMW Championship board, three favourites pay +162 and four pay +303 to +322. Two favourites pay −137 to −142.
Does a top 20 finish include ties? On this board, yes. The contract settles on "top 20 including ties," so a four-way tie for 19th resolves YES for all four players.
What happens if a player withdraws? Before teeing off, the market settles at fair market price. After teeing off, it resolves NO.
Where do these prices come from? Kalshi's public order book, read live at the timestamp shown — bid and ask, never last traded price.
OddsShopper covers prediction markets as an independent analyst. Kalshi contracts are CFTC-regulated event derivatives traded on a designated contract market, not sportsbook wagers, and they can lose their full value. 18+, available where Kalshi operates, with broad, state-specific availability under federal oversight. The risk of loss is real. Stokastic trades prediction markets and holds positions in them. We have no affiliate or commercial relationship with Kalshi. Nothing here is a pick, a play, or trading advice.
These are model estimates, not predictions of fact and not financial advice. Prices are read live and move constantly. Event contracts are for adults 18+ where legal.
