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Parlay Betting Sites

Find the Best Parlay Betting Sites in the United States!

Best Parlay Betting Sites

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List of all U.S. Parlay Betting Sites
	Bonus	Turnover	Minimum deposit	State
#1 Fanatics 4.4/5	Bet & Get up to $2000 in FanCash Bet Insurance or Bet $25, Get $250 in FanCash	Turnover 1x	Minimum deposit $10	State +20	Review Claim Go to Fanatics	Get Up to $200 Back in FanCash Every Day for 10 Straight Days if Your Bet Loses (Up to $2,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/ MA/MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable FanCash amount equal to your stake, up to a maximum of $200 per day. FanCash paid out within 72 hours of qualifying wager settlement. FanCash expires 7 days from issuance. See full Promo Terms and FanCash terms in the Fanatics Sportsbook app.
#2 FanDuel 4.4/5	Bet $5, Win $300 in Bonus Bets	Turnover 1x	Minimum deposit $10	State +19	Review Claim Go to FanDuel	Place a $5 Wager and Get $300 in Bonus Bets If That Bet Wins 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $5 first deposit required. Promotion bonus will be credited to your account within 72 hours of settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel.
#3 Bet365 4.5/5	Bet $5, Get $200 or $1,000 First Bet Safety Net	Turnover 1x	Minimum deposit $10	State +8	Review Claim Go to Bet365	Choose your offer: Get $200 in Bonus Bets After Your First Real Money $5 Wager or Get up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. Different offer(s) available in IL/PA/TN. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $200 Bonus Bets. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. Deposit required. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only, time limits and T&Cs apply. See full T&C at Bet365. #ad
#4 Caesars 4.3/5	Bet $1, Double Your Winnings on Your Next 20 Bets	Turnover 1x	Minimum deposit $‎10	State +15	Review Claim Go to Caesars	Get 20 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code INSERT YOUR SITE'S PROMO CODE HERE. AZ/CO/IL/IN/IA/KS/KY/LA/ME/ MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive twenty 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars.
#5 Draftkings 4.4/5	Bet $5, Get $200 in Bonus Bets Plus Over $200 off NFL Sunday Ticket	Turnover 1x	Minimum deposit $5	State +18	Review Claim Go to Draftkings	Bet $5+, Get $200 in Bonus Bets Instantly AND Over $200 Off NFL Sunday Ticket 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Fees may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Get 1 promo code to redeem discounted NFL Sunday Ticket subscription and max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Limited time offer. Terms: sportsbook.draftkings.com/promos. NFL Sunday Ticket: YouTube TV base plan (not included in this offer) required to watch NFL Sunday Ticket on YouTube TV. Subscription auto-renews yearly at then-current price (currently $378 for YouTube TV subscribers, or $480 for YouTube subscribers); cancel anytime. Terms, restrictions, embargoes and eligibility requirements apply. No refunds. Digital-only games excluded. Commercial use excluded. Addt’l terms: https://tv.youtube.com/learn/nflsundayticket/draftkings/. Offer ends 9/29/25 at 11:59 PM ET. Sponsored by DK. See full T&C at DraftKings.
#6 BetMGM 4.1/5	Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win	Turnover 1x	Minimum deposit $10	State +20	Review Claim Go to BetMGM	Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win 21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR. 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 $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days. See full T&C at BetMGM. 21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).
#7 ESPN BET 4/5	Bet $10, Get $100 in Bonus Bets	Turnover 1x	Minimum deposit $10	State +17	Review Claim Go to ESPN BET	Bet $10, Get $100 in Bonus Bets Win or Lose 21+. New customers in AZ/CO/IL/IN/IA/KS/KY/LA/MD/MA/MI/NJ/NY/NC/OH/PA/TN/VT/VA/WV/DC only. Players who place Eligible Wagers on the Eligible Games will receive $100 in Bonus Bets after their Eligible Wager(s) settle as a ‘win’ or ‘loss’. The Bonus Bet reward will be split into five (5) Bonus Bets valued at $20 each. Bonus Bets will be applied to the player's Account within 72 hours and must be used within seven (7) days of receipt. Limit one (1) Promotion Offer per Account. See full T&C at ESPN BET.
#8 Betrivers 3.8/5	Second Chance Bets Up To $500	Turnover 1x	Minimum deposit $10	State +10	Review Claim Go to Betrivers	Up to $500 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Offer amount varies by state. Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA. Up to $250 bonus in CO/NJ Up to $100 bonus in AZ/IA/NY/OH/WV Must make a qualifying deposit of $10+ with promo code SBOBONUS. 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. See full T&C at BetRivers.
#9 Sporttrade 4.1/5	Cash Back up to $100 Promo Code: SBOST	Turnover 0x	Minimum deposit $5	State +2	Review Claim Go to Sporttrade	Earn 10% Cash Back up to $100 Over Your First 7 Days 21+. New customers only. AZ/CO/IA/NJ only. Deposit required. Earn 10% cash back on each qualifying wager through the first 7 days of betting, up to $100 ($1,000 to reach max value). The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade.
#10 Hard Rock Bet 4.1/5	Bet $5, Win $150 in Bonus Bets	Turnover 1x	Minimum deposit $5	State +6	Review Claim Go to Hard Rock Bet	Place a $5 Wager and Get $150 in Bonus Bets if your bet wins 21+. 1 per new customer. Offer available in AZ/IL/IN/NJ/OH/TN/VA. Void in ONT/OR/NH. Eligibility restrictions apply. $5+ first-time bet req. Max. $150 issued as 6 $25 non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. See full T&C at Hard Rock Bet.
#11 Desert Diamond 3.9/5	Bet $20, Get $100	Turnover 1x	Minimum deposit $20	State	Review Claim Go to Desert Diamond	Get $100 in Bonus Bets After Your First Wager of $20 or More 21+. New customers located in AZ only (excludes Indian lands). Minimum $20 deposit. Qualifying wager must be made with real money and meet minimum odds of -200 or longer. Bonus amount issued as five $20 bonus bets after qualifying wager is settled. Must stake Bonus Bets on wagers with odds of -200 or longer. Bonus Bets expire 14 days after issuance. See full T&C at Desert Diamond.
#12 Borgata 4.3/5	Bet $20, Get $100 Sportsbook Only Available in NJ	Turnover 1x	Minimum deposit $20	State	Review Claim Go to Borgata	Get $100 in Bonus Bets After Your First Real Money $20 Wager 21+. New customers only. NJ only. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at Borgata.
#13 Crab Sports 3.7/5	100% Profit Boost up to $500	Turnover 1x	Minimum deposit $25	State	Review Claim Go to Crab Sports	Get a 100% Profict Boost on Your First Bet up to $500 21+. New customers located in MD only. Minimum $25 deposit. Must make qualifying cash wager of at least $25 with odds of -125 or greater. Boosted winnings are immediately withdrawable. See full T&C at Crab Sports.
#14 Bally Bet 3.9/5	Bet $10, Get $50 in Bonus Bets	Turnover 1x	Minimum deposit $10	State +8	Review Claim Go to Bally Bet	Get $50 in Bonus Bets After Your First Real Money $10 Wager 21+. 1 per new customer. Offer available in AZ/CO/IN/IA/MD/MA/NJ/NY/OH/TN/VA. Eligibility restrictions apply. Min. $10 deposit. Min. $10 qualifying wager with minimum odds of -250. Bonus bet tokens issued within 48 hours of settlement of qualifying wager. $50 bonus issued as two non-withdrawable $25 Bonus Bets. Bonus Bets expire 7 days (168 hours) after issuance. Bonus Bet stakes removed from payout. See full T&C at Bally Bet.

Parlay Sportsbooks FAQs

Are there promotions for Parlay bets?

Yes! There are various kinds of promos for parlay bets. These include Profit Boosts, Odds Boosts, and Parlay Insurance.

What is a Same Game Parlay?

A Same Game Parlay is a bet which is a combination of different possible outcomes from one single event.

How many selections do I need to make a Parlay?

Usually, a parlay requires a minimum of two selections or legs to qualify as a parlay.

On which sports can I place parlay bets?

You can pretty much place parlay bets across a multitude of sports for the traditional or Multi Game Parlays.

However, with a Same Game Parlay or One Game Parlay, the options are limited to one game as the name implies. But the good thing is that the popular sports are well covered.

Do you have to hit all the selections on your Parlay?

Yes. To win your parlay bet, all the selections or legs in your bet must be predicted accurately, meaning each leg has to be settled as won.

What is the meaning of SGP?

SGP is an abbreviation for Same Game Parlay.

Parlay Sportsbook

There are quite a number of Parlay betting sites today, due to the sheer number of customers looking to place parlay bets. Therefore sportsbooks have made sure that they offer parlay betting services and they come in various forms.

Parlay betting sites have incorporated a number of features that makes parlay betting easy and quite convenient for players.

Parlays are bets made by combining multiple outcomes from different events, and all legs or selections must be won for the bet to be settled as won. To determine the total odds of a parlay bet, the odds of each leg or selection are multiplied by one another.

Although parlay bets are a lot more difficult to win than single bets, the excitement it provides and the chance of a big payout make it such an attractive proposition.

We have examined all the legal sportsbooks in the United States and compiled the best parlay betting sites using factors like betting options, promotions, number of combinations, etc.

Top 6 Parlay Sportsbook

FanDuel
DraftKings
Caesars
BetMGM
Bet365
Betrivers

Best Sites For Parlays Reviewed

There are quite a few betting sites with provisions for parlay betting. Some have just provided the basic requirements for parlay betting, while others have gone the extra mile to make parlay betting a lot easier and fun.

Let’s take a look at the best parlay betting sites.

1.FanDuel Parlays

SGP, Parlay Builder, SGP+, MGP

As far as Same Game Parlay is concerned, FanDuel is a pioneer. Therefore, it is a no-brainer that they are one of the best sites for parlays. They have an extensive parlay market with loads of promotions for added value for bettors.

The regular Multi Game Parlay is available for all sports covered by FanDuel.

In addition to that, there is a wide array of parlay betting options such as Parlay Insurance, Parlay builder tool as well as SGP+ (SGPx), a unique feature that allows bettors to combine various Same Game Parlay.

Join FanDuel Go to FanDuel Review →

Place a $5 Wager and Get $300 in Bonus Bets If That Bet Wins
21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC.
Minimum $5 first deposit required. Promotion bonus will be credited to your account within 72 hours of settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days.
See full T&C at FanDuel.

FanDuel Parlay Features

Same Game Parlay: Football, Hockey, Baseball, Hockey, Soccer
SGPx
Parlay Insurance
Profit Boosts
Odds Boosts
Parlay Builder

2. DraftKings Parlays

Player Props Parlay, MGP, SGP, Parlay Builder Tool

When it comes to Parlay betting, DraftKings are no pushovers. The Sportsbook is right at the forefront of parlay betting, and it is not hard to see why they are one of the top parlay betting sites.

DraftKings is one of the foremost sports betting platforms in the United States, and we are not surprised that they have an extensive range of Parlay options.

We are particularly thrilled that DFS has SGP available on a wide array of sports complete with a nice boost on each selection in a Parlay.

Join DraftKings Go to Draftkings Review →

Bet $5+, Get $200 in Bonus Bets Instantly AND Over $200 Off NFL Sunday Ticket
21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply.
On behalf of Boot Hill Casino & Resort (KS). Fees may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Get 1 promo code to redeem discounted NFL Sunday Ticket subscription and max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Limited time offer.
Terms: sportsbook.draftkings.com/promos.
NFL Sunday Ticket: YouTube TV base plan (not included in this offer) required to watch NFL Sunday Ticket on YouTube TV. Subscription auto-renews yearly at then-current price (currently $378 for YouTube TV subscribers, or $480 for YouTube subscribers); cancel anytime. Terms, restrictions, embargoes and eligibility requirements apply. No refunds. Digital-only games excluded. Commercial use excluded. Addt’l terms: https://tv.youtube.com/learn/nflsundayticket/draftkings/. Offer ends 9/29/25 at 11:59 PM ET. Sponsored by DK.
See full T&C at DraftKings.

DraftKings Parlay Features

Same Game Parlay: NFL, NBA, MLB, NHL, MMA

SGPx
Parlay Promos
Profit Boosts
Odds Boosts
Parlay Builder

3. Caesars Sportsbook Parlay

MGP, SGP, Parlay Promotions

Caesars Sportsbook is also in with a shout when it comes to parlay betting sites. The Sportsbook is credited for introducing the ‘Super Parlay’ which allows for a combination of SGPs with other bets for longer odds and a big potential payout.

The Sportsbook also has an impressive collection of parlay promos to give players more value on their bets.

Caesars’ boosts on parlays are particularly attractive with up to 50% of a stake. If you are interested in promotions, there are tons of daily promotions for parlay lovers.

Join Caesars Sportsbook Go to Caesars Review →

Get 20 100% Profit Boosts After Your First Real Money Wager of $1
21+ only. New customers only. Must use Promo Code INSERT YOUR SITE'S PROMO CODE HERE.
AZ/CO/IL/IN/IA/KS/KY/LA/ME/ MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only.
Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive twenty 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt.
See full T&C at Caesars.

Caesars Parlay Features

Same Game Parlay: NFL, NBA, MLB, NHL
SGPx
Boosts
Parlay Insurance
Parlay Builder

4. BetMGM Parlay

Parlay Insurance, Pre-packaged Parlays, Easy Parlay Tool

BetMGM refers to themselves as the ‘King of Parlays’. While they may be debatable, we certainly feel that they have made their mark as one of the top parlay betting sites.

They have Same Game Parlay offerings with numerous promotions to go with it. Parlay Boosts and Parlay Insurance are some of the notable ones.

But what sets BetMGM apart in the Parlay betting world is the Pre-Packaged Parlays for players.

These Parlays combine wagers which may not be available as single bets for players. But if you trust your ability to make a winning parlay, you can do that with the Easy Parlay tool.

Join BetMGM Go to BetMGM Review →

Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR.
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 $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days.
See full T&C at BetMGM.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).

BetMGM Parlay Features

Same Game Parlay: NFL, NBA, MLB, NHL, Soccer
OGP+
Boosts
Parlay Insurance
Pre-Packaged Parlays
Parlay Builder

6. Bet365 Parlay

Multi Game Parlay, 70% Multi Sports Parlay Bonus, Same Game Parlay

Bet365 has made a name for itself with traditional parlays, and it is not surprising that they are top parlay betting sites in the United States.

They have a top-notch parlay offer with a large collection of sports for traditional parlays. They also have a unique Tennis Same Game Parlay.

Players also have a chance to benefit from their 70% multi-sports parlay bonus.

The lack of an SGP+ feature is a drawback, but the Boosts on parlays and the sheer number of sports that are eligible for Same Game Parlays are nice touches.

Join Bet365 Go to Bet365 Review →

Choose your offer: Get $200 in Bonus Bets After Your First Real Money $5 Wager or Get up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. Different offer(s) available in IL/PA/TN.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $200 Bonus Bets. Must contain at least one selection at odds of -500 or greater.
Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
Bonus issued as non withdrawable bonus bets that expire in 7 days.
Deposit required. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only, time limits and T&Cs apply.
See full T&C at Bet365. #ad

Bet365 Parlay Features

Same Game Parlay: NFL, NBA, MLB, NHL, Soccer, Boxing, Aussie Rules, Tennis, Rugby
Boosts
Parlay Builder

Betrivers Parlay

Boosts, SGP, Parlay Insurance

Our final entry is Betrivers, but that is not to say it falls short of the standard of parlay betting sites. Betrivers offers a number of parlay promotions on SGP bets. There is Parlay Insurance for various sports parlays.

What we find interesting is the Sliders used in selecting points spread the Over/Under markets when adding parley selections.

Although we do feel that the overall parlay offering of Betrivers can be improved on, bettors could be in for a big payday with a lot of Boosted Odds.

Join Betrivers Go to Betrivers Review →

Up to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SBOBONUS. 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.
See full T&C at BetRivers.

Betrivers Parlay Features

Same Game Parlay: NFL, NBA, MLB, NHL, Soccer
Boosts
Parlay Insurance
Parlay Builder

Types of Parlays

Parlays come in different forms. The most popular parlay is the traditional parlay, but other forms of parlays are not far behind in popularity and acceptance.

To better understand how parlays work, you have to know the types and how they differ from one another.

Same Game Parlay Betting Sites

The same Game Parlays are simply parlays of a string of betting outcomes from one single game.

In times past, parlays were only available for betting outcomes from different games. But nowadays, they are pretty much commonplace.

For example, in an NBA game between the Golden State Warriors and the Boston Celtics, you can back the Warriors to win, Steph Curry to score 20+ points.

Additionally, you can also include the number of assists from Steph Curry for instance. The advantages of SGP are that a bettor can focus on only one game and the odds will be significantly higher.

Multi Game Parlay Betting Sites

Multi Game Parlays as the name implies as selections from at least two different games into one wager. The Multi Game Parlay also known as the traditional parlay offers players a chance to fashion a bet by selecting a single betting outcome from different games.

For a bet to be considered a parlay, it must contain a minimum of two different legs. The cap on the number of selections varies depending on the betting site.

With each selection added to the bet slip, the odds stack up and it increases the chance of a big potential payout.

To land a winner, each of the selections on the bet slip must be preceded correctly.

Usually, Multi Game Parlays are available on sports covered by sportsbooks, the actual betting markets are a lot less limited. Generally, Multi Game Parlays betting options are limited to Points Spreads, Over/Under, and Player Props.

SGP+ Betting Sites

Same Game Parlay Plus (SGP+) or SGPx is an improvement on SGPs. This parlay type allows you to add bets from other games to Same Game Parlay.

It is still a new innovation and betting sites are slowly warming up to it. On sportsbooks where it is available, there are different variations to the name.

Nevertheless, it is a great form of parlay for its flexibility. And for those who take their chances with really long odds.

Parlay Betting Offers

Parlays as a bet type are very popular amongst American bettors and sportsbooks, but in addition to that, parlays come with some juicy promotional offers.

Two of the most promotional promotions that are associated with parlays are Parlay Insurance and Parlay Boosts.

Parlay Insurance

As much as the chances of getting a higher potential payout are great with parlays, it is also fraught with risk given the number of selections.

If a player places a four-game parlay bet, and one leg bins it, such an outcome will be really hard on the bettor.

So, to compensate players who lost a parlay bet by just one leg, Sportsbook gives them parlay insurance to try their hand at it again.

Usually, parlay insurance covers only one leg of the bet and if you have lost a bet by one selection, the parlay insurance kicks in.

The reward is in the form of a bonus bet or returned stake. However, the former is more common.

To enjoy Parlay insurance, there are a few things like minimum odds and the number of selections or legs you have to understand.

🔢 Number of Selections

Most parlay insurance is designed to cover only the leg of selection in your parlay. Hence, if you have a parlay with 10 selections and 2 of the selections are lost, you will not get a bonus or your stake returned.

But if only one selection lets you down, you will be adequately covered.

Minimum Odds

Sometimes, parlay insurance comes with some conditions, and of those is the minimum odds on each of the legs.

Usually, the sportsbook sets minimum odds that are religionless to be included in a parlay for parlay insurance to cover it.

Parlay Boost

A Parlay Boost is an offer that gives players an extra reward for winning their parlays.

The bonus can be awarded as a percentage on top of your regular winnings or added to the odds of individual selections.

If it is given to cover the entire bet, it is a Profit Boost. On the contrary, if it is applied to single legs, it is an Odds Boost.

🔝 Parlay Odds Boosts

Odds Boost is designed to increase the profit margin for players. Sportsbooks do this by adjusting the odds (usually higher) in favor of the bettors.

Sportsbooks dole out odds boosts in a couple of ways. Some give out Odds boost tokens that can be applied to a specific leg.

On the other hand, boosted odds are displayed by betting markets that are eligible.

Either way, when applied to bets, an Odds boost goes a long way in increasing the profit margin of players.

📈 Parlay Profit Boosts

Profits Boosts are arguably the most popular parlay boost, and they are generally applied to the overall bet, thereby increasing the potential payout.

Some Sportsbooks offer a specific percentage boost when you place a qualifying wager, but others increase with the number of selections.

For each leg that you add to your bet slip, the percentage bonus increases till the maximum is reached. For instance, Bet365 offers up to a 70% bonus for parlays with 14 selections.

Factors To Consider In Choosing A Parlay Betting Site

Before choosing a parlay betting site, there are some important factors that you need to consider. The availability of these features or lack of all or some of them is crucial in choosing the right one.

Let’s take a look at some of them.

Variety of Betting Markets

Betting markets are also important in the grand scheme of getting value off a parlay bet. If the market options are limited, there will not be enough options on the table in terms of betting choices.

On the contrary, if there is an extensive market, players will have numerous options to choose from.

Parlay Features

Due to the rising popularity of Parlay betting, betting sites are designing new tools to make parlay betting even more enjoyable for players.

Features such as Parlay Builder tools make creating a parlay or a same game parlay even more seamless.

Parlay Promos

Parlay bonuses make parlay bets very attractive. And this is simply due to the fact that players can get a lot of value from them.

Odds Boost and Parlay insurance are two of the most popular types of parlay promos. Any betting site offering these two bonuses is worth its salt.

Same Game Parlays

Most betting sites have multi-game parlays, but if they also have same-game parlays and SGP+, you have significantly more options.

Many Sportsbooks have the traditional multi parlay option, but not all of them have advanced parlay bet types like SGP+ increased the range of betting options.

Odds

Odds are as important as any other factor when looking to choose a parlay betting site.

If the odds are really high or at least competitive, there is a chance of getting a higher payout if you land your win your bet.

What is a Parlay?

A Parlay is a type of bet in which a bettor combines a couple or more bets (usually single bets) for a bigger payout. And with this type of bet, all the selections must be won to receive a payout.

With each selection you add to your bet slip, the odds are multiplied, allowing for a bigger potential payout, but the risk also increases with every additional leg or selection.

Some of the markets available for Parlays are moneyline, spread, player props, team props, Over/Under, and others.

Additionally, with the growing popularity of Parlays, Sportsbooks have designed different types of Parlays for bettors, and we will shed more light on each type.