Early on we discussed how both traditional and same game parlays have become more and more common in today's betting landscape. Due to their high-risk nature, sportsbooks now encourage users to bet this way. One incentive they throw at you is parlay insurance.
Parlay insurance guarantees you a win if only one of your multi-leg wagers loses. Depending on the sportsbook, these assurances can be attained for traditional parlays, same game parlays, or both.
There are different requirements from site to site on how to unlock parlay insurance, including the minimum amount of legs that must be included in your bet and how much you must stake.
PointsBet offers users up to $25 back if only one leg of a 4+ leg same game parlay fails, while FanDuel Sportsbook offers multi-sport parlay insurance up to $25 if one of a 5+ leg multi-sport parlay wager loses.