Best Parlay Insurance in the US (2024)

Betting Sites With Parlay Insurance
Company	Parlay Insurances	Action
#1 Caesars Bonus 4/5	Parlay Insurances Multi Sports Parlay Insurance	Review Claim Go to Caesars Bonus	T&C applied Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+ only. New customers only. AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY. Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
#2 FanDuel Bonus 4/5	Parlay Insurances Multi Sports & SGP Parlay Insurance	Review Claim Go to FanDuel Bonus	T&C applied 21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
#3 Draftkings Bonus 4/5	Parlay Insurances SGP Parlay Insurance	Review Claim Go to Draftkings Bonus	T&C applied Get $150 in Bonus Bets If You Win Your First Real Money of $5+ 21+. 1 per new customer. Offer available in DC/IA/KS/KY/LA (select parishes only)/MD/MI/NJ/NY/TN/VA/VT. Bonus Bets do not require a winning wager in AZ/CO/CT/IL/IN/MA/ME/NC/OH/PA/WY/WV. Void in ONT/OR/NH. Eligibility restrictions apply. Min. $5 deposit. Min. $5 qualifying wager. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings.
#4 Betrivers Bonus 4/5	Parlay Insurances SGP Insurance	Review Claim Go to Betrivers Bonus	T&C applied 21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500. Full T's & C's apply, see BetRivers for more details.
#5 BetMGM Bonus 4/5	Parlay Insurances Same Game Parlay Insurance	Review Claim Go to BetMGM Bonus	T&C applied 21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com.

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Our Recommended Parlay Insurance Offer

FanDuel: Our Top Parlay Insurance Offer

FanDuel has a wide range of parlay insurance, including Traditional multi sports Parlay Insurance and Same Game Parlay Insurance.

These parlay insurance offers are appealing because they are available for many sports. So, irrespective of your choice of sports, you are more than likely to get Parlay insurance on your bets as long as you meet the conditions set by FanDuel.

Top 5 Parlay Insurance Offers

FanDuel Parlay Insurance: Join FanDuel | Learn more
DraftKings Parlay Insurance: Join DraftKings | Learn more
Caesars Parlay Insurance: Join Caesars | Learn more
BetMGM Parlay Insurance: Join BetMGM | Learn more
Betrivers Parlay Insurance: Join Betrivers | Learn more

Parlay Insurance Sites Reviewed

FanDuel Parlay Insurance

Multi Sports & SGP Insurance

There are two types of Parlay insurance offers on FanDuel for customers. These are the FanDuel Multi sports parlay Insurance and FanDuel same game parlay insurance.

With both types of Parlay insurance, players are guaranteed up to $25 back when their bet falls short by one leg or selection.

Both parlay insurances are available for several sports, including Football, Hockey, Baseball, and others.

But be sure to keep an eye on the terms and conditions on the FanDuel site because the terms and conditions are subject to changes.

Join FanDuel

FanDuel Bonus review

How FanDuel Multi Sports Parlay Insurance Works

FanDuel Multi Sports Parlay Insurance guarantees your bet some level of protection against outright losses if the following conditions are met:

Sign up on FanDuel
The parlay should consist of a minimum of 4 selections or legs
Each leg must have a minimum odds of -200 or more and cumulative odds of +400
All the legs must be hit except one

If all of the conditions listed above are met, you will be compensated with a bonus. The maximum bonus available is $25.

How FanDuel Same Game Parlay Insurance Works

The FanDuel Same Game Parlay insurance offers players up to $25 in bonus bets if one selection bins a Same Game Parlay bet.

Unlike the Multi-Sports Parlay insurance, all the legs must be selected from one game.

Here is how FanDuel SGP insurance:

Register on FanDuel
You have to opt-in to the offer
Make the number of selections required for the promo from the same game
The parlay must have minimum odds of +200 (Could be subject to change)
The bet can only be made once a day
The insurance covers only one failed prediction

DraftKings Parlay Insurance

Same Game Parlay Insurance

Players who prefer to play on DraftKings also have access to nice parlay insurance offers now and then.

When they are available, it spans several sports like Baseball, Football, and Basketball.

Typically, the DraftKings Parlay Insurance applies to only the traditional parlays and Same Game Parlays, with a decent return as compensation when only one leg fails to hit.

Furthermore, there is also DraftKings Stepped Up Parlay Promo which gives players boosted winnings on their same game parlay bets.

Claim 150$ offer

Draftkings Bonus review

How DraftKings Same Game Parlay Insurance Works

Sign up on DraftKings
Opt into the promotion
Make a parlay with a minimum of 5 legs
If one selection bins your bet, you will get a bonus
The maximum bonus amount available is $25

Caesars Parlay Insurance

Multi Sports Parlay Insurance

Caesars also weighs in with a nice multi-sports parlay insurance. Players who have their parlay bets binned by just one leg have up to a $25 bonus bet as compensation for losing the bet by one leg.

If you are adept at calling different sports, you can bolster your chances of getting at least a part of your stake back if your bet is thrashed by one leg.

Basically, you will get 100% of your stake up to $25 as compensation.

Join Caesars

Caesars Bonus review

How Caesars Multi Parlay Insurance Works

Sign up on Caesars
Opt-in to the Caesars Multi Sports Parlay Insurance
Place a parlay with a minimum of 4 selections and each of the legs must have odds of -200 or longer
Get up to $25 in bonus bet if one leg of your parlay is incorrect

BetMGM Parlay Insurance

Same Game Parlay Insurance

Self-acclaimed ‘King of Parlays’ offers Parlay insurance on Same Game Parlays. And with the insurance, you are guaranteed up to $25 back once a day if your Same Game Parlay is destroyed by one selection.

Although the MLB One Game Parlay is the most prominent Same Game Parlay insurance offer on the stable of BetMGM, there are parlay insurances for Same Game Parlays for other sports from time to time.

For instance, you can find One Game Parlay insurances for basketball, hockey, soccer, and football at times.

Join BetMGM

BetMGM Bonus review

How the BetMGM One Game Parlay Insurance Works

Sign up on BetMGM
Opt-in to the promotion
Create a Parlay bet with at least four legs and a minimum of +400
Get up to $25 back if one leg cuts your game

Betrivers Parlay Insurance

SGP Bet $ Get Offer, Parlay Party & SGP Insurance

Betrivers is very big on parlay insurance, and they have it available for most of the major sports including Tennis, Baseball, and Golf.

And when the NBA season is in full swing, players can also enjoy parlay insurance on NBA games.

They also have a Parlay party which rewards players who place four leg parlays at least four times a week.

There is a $15 bonus for four days of parlays, and a $25 bonus bet for six days of qualifying parlays, as well as a $30 bonus for an entire week off of qualifying parlays.

For lovers of Same Game Parlays, there is MLB SGP Bet $ Get Offer. With a $10 wager on 3+ MLB SGPs in a week, you will be in line for a $10 bonus bet.

Join Betrivers

Betrivers Bonus review

⚾️ How Betrivers MLB Parlay Insurance Works

Sign up on Betrivers
Place a real money wager on 4+ leg MLB parlay
The qualifying wager must have odds of -509 for each event and +100 final odds
Each parlay must have a minimum of 3 winning legs
If selections become void, the above conditions have to be fulfilled to qualify

If one leg losses, you will get a stake back up to $25 and up to $100 for VIP Players Loyalty level 7

🏌 How Betrivers Golf Parlay Insurance Works

Sign up on Betrivers
Place a qualifying wager of $10 or more on any Golf Parlay
The qualifying wager must be on Golf Parlays with 4 legs each with -200 odds and finals odds of +100
Receive up to $25 if one leg losses

🏟 How Betrivers Parlay Party Works

Sign up on Betrivers
Place a qualifying bet of $10 or more on 4+ legs for days of the week
Wagers must have odds of -200 or longer
Get a $15 bonus bet for four days of parlays
Receive a $20 bonus bet for five days of parlays
Get a $25 bonus bet for six days of qualifying parlays
Get a $30 bonus bet for seven days of qualifying wagers
Bonus bets expire after 7 days

🧢 How Betrivers MLB SGP Bet $ Get Work

Sign up on Betrivers
Place a qualifying wager of $10+ on any MLB SGP
The qualifying wager must have odds of -200 or longer (-150, -110, +200)
Get a $10 MLB Bonus bet

🎾 How Betrivers Tennis Parlay Insurance Works

Sign up on Betrivers
Place a qualifying wager of $10 or more on 4+ legs on Tennis Parlay
Total odds must be +100 or more
Get 50% of your stake up to $25 if the parlay losses

What is a Parlay Insurance

Parlay insurance is a promotional offer designed by sportsbooks to reward players who lose their parlay bets.

Parlay insurance covers you to an extent in case one of the selections in your parlay falls short. For instance, If you have a parlay bet with 20 legs, and one fails to land, that bet will be settled as lost with your stake and the potential winning gone.

But with Parlay insurance, you can get your stake back up to a certain percentage if one leg derails your bet.

The rules governing parlay insurance offers vary from one Sportsbook to another. But generally, only one leg is covered, and there is always a maximum cap for stakes returned as bonus bets.

Types of Parlay Insurance

The great thing about Parlay insurance is that they come in different forms. If you like to place parlay bets, rest assured that you will definitely find a parlay insurance offer to safeguard your bets.

There is the Same Game Parlay Insurance or One Game Parlay insurance as referred to by some sportsbooks, Multi-Sports Parlay Insurance, or even Parlay insurance for traditional parlay bets.

Depending on the sportsbooks you choose to bet on, you can find any or all of the different forms of parlay insurance.

Besides the potential for a big payout, the availability of these safe nets is one of the reasons for the growing popularity of parlay bets amongst bettors in the United States.

Traditional One Sport Parlay Insurance

As the name implies, this type of parlay allows players to combine multiple wagers from different games within one sport.

It is a very common type of parlay, but most sportsbooks are likely to offer other forms of parlay insurance on their stable.

One Sport Parlay Insurance Site
Company	Parlay Insurance	Action
#1 FanDuel Bonus 4/5	Parlay Insurance Traditional One Sport Parlay Insurance	Review Claim Go to FanDuel Bonus	T&C applied 21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.

Same Game Parlays are probably the most popular parlay bet types, and it is not hard to understand why bettors are drawn to it.

Same Game Parlays allow players to experience the thrills of a parlay without sifting through different sports.

Because of the rising popularity of Same Game Parlays, it is understandable that sportsbooks offer more Same Game Parlay insurance than any other type.

Players like to place Same Game Parlay bets, and Sportsbook is increasingly open to giving players incentives when they lose their SGP bets.

Same Game Parlay Insurance Sites
Company	Parlay Insurance Offers	Action
#1 FanDuel Bonus 4/5	Parlay Insurance Offers Football, Hockey, Baseball, Basketball & Soccer SGPS	Review Claim Go to FanDuel Bonus	T&C applied 21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
#2 Draftkings Bonus 4/5	Parlay Insurance Offers Baseball, Basketball & Football SGPs	Review Claim Go to Draftkings Bonus	T&C applied Get $150 in Bonus Bets If You Win Your First Real Money of $5+ 21+. 1 per new customer. Offer available in DC/IA/KS/KY/LA (select parishes only)/MD/MI/NJ/NY/TN/VA/VT. Bonus Bets do not require a winning wager in AZ/CO/CT/IL/IN/MA/ME/NC/OH/PA/WY/WV. Void in ONT/OR/NH. Eligibility restrictions apply. Min. $5 deposit. Min. $5 qualifying wager. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings.
#3 BetMGM Bonus 4/5	Parlay Insurance Offers Basketball, Hockey, Soccer & Football	Review Claim Go to BetMGM Bonus	T&C applied 21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com.

Multi Sports Parlay Insurance

Multi-sports parlay is a combination of bets from different sports. So, for those who like to place multi-sports parlays, the multi-sports parlay insurance will come in handy.

Although this parlay type is not as popular as Same Game Parlays, some players still prefer to wade across the whole gamut of sports to create a parlay.

If you like to combine events from football, hockey, basketball, and others, you will do well to take advantage of multi-sports parlay insurance if one selection goes south.

More on Parlay Insurance

Bet365 Parlay Bonus

Mar 24, 2023

Get up to 70% bonus on your winnings courtesy the Bet365 Parlay Bonus!

Considerations for Choosing parlay insurance offers?

Many of the Sportsbook offer identical parlay insurance offers, but there are subtle differences that could count in your favor or otherwise as a player.

So, here are some of the key features you should look out for when you are about to choose a parlay insurance offer.

Factors to consider before choosing a parlay insurance

1⃣️ Types of parlays available: It is rare for a Sportsbook to offer all types of parlay insurance, but it is not uncommon to see two types of parlay insurance on a particular betting site.
Some offer traditional parlay insurance, while others are limited to Same Game Parlay insurance.
Overall, the type of parlay insurance available varies from one betting site to another. So you probably want to choose a betting site with more than one type of parlay insurance.

🐜 Minimum Odds: Some betting sites consider the total parlay odds, while others use the odds on the individual legs. Irrespective of the type favored by your preferred betting site, consider the minimum odds requirements carefully.

🔢 Number of selections: This is very simple! It is the minimum number of selections or legs that you must select to be eligible to enjoy the benefits of parlay insurance.
On most betting sites, it revolves around 3 or 4.

🎁 Bonus Amount: What is the highest value you can get when your parlay bet goes south? The value has to be at par with what other sportsbooks offer or competitive at least.
Generally, most sportsbooks have $25 as the maximum amount that can be refunded as bonus bets. Hence, if the maximum you can get from a bonus binned by only one leg is less than $25, you should probably reconsider your choice.

⌚️ Frequency of Offer: Parlay insurance is always available to players more often than not. However, sportsbooks set a limit on the number of parlay insurance offers a player can enjoy.
Once in a while, you can have access to insurance parlay without caps, but sportsbooks limit parlay insurance offerings to one each day.

Ready to Start Safeguarding Your Parlays?

Dennis Johnson

Want to cut down your parlay bet losses? Why don't you try your hands on one of the various Parlay insurance offers available to you?

Join one of the sportsbooks which offer these parlay insurances to protect your bets and reduce your losses.

Parlay Insurance FAQs

🤔 How does parlay insurance work?

Parlay insurance offers generally follow the same principle, despite little variations from one betting site to another. You have to place a parlay bet that satisfies the odds and selection conditions set by the sportsbook.

Then, if all the selections but one is correct, you will be eligible to get bonus bets.

❓How often is insurance paid?

The frequency of payments depends on the betting site. But mostly, the allocation of parlay insurance is generally limited to once per day.

⁉️ What is a Same Game Parlay?

Same Game Parlay is a type of bet in which you combine various outcomes from one single game to create a single wager. Depending on betting sites, it could be referred to as One Game Parlay or Single Game Parlay as well.

The betting sites listed below offer the same game parlays:

🤷 Is Parlay Insurance applicable to all parlays?

No.

Sportsbooks have their respective limitations on the betting options eligible for parlay insurance or how many times a player can benefit from it.

To understand it better, pay close attention to the terms and conditions of the parlay insurance offer you intend to claim.

😕 How many legs are required to be eligible for parlay insurance?

This varies from one betting site to betting site. However, 3-4 legs are the acceptable number of selections or legs in many sportsbooks.