Last Updated:
Nov 13, 2024
US Online Parlay Betting Sites
The best parlay betting sites for US bettors
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
| Sportsbook | Bonus | Pros | Cons | Action | |||||
|---|---|---|---|---|---|---|---|---|---|
#1 |
Up to $1,000 First Bet on Caesars |
Pros  Early cash out Caesars Rewards (200 parlay odds or longer) |
Cons  Fewer same game parlay options No live same game parlay |
T&C Apply
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. See full T&C at Caesars. | |||||
#2 |
Bet $5, Win $150 in Bonus Bets + 3 Months of NBA League Pass |
Pros Easy Same Game Parlay selections Quick Parlays Live Parlays |
Cons Certain restrictions on parlay selections Parlay insurance offer weaker than others |
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass 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 $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. 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 |
Bet $5, Win $150 in Bonus Bets |
Pros Extensive parlay choices Same Game Parlay |
Cons Progressive parlays not a big hit with some bettors Less competitive parlay odds compared to some sportsbooks |
T&C Apply
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 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Pros No cap on odds Easy Bet Builder function |
Cons No more than 12 legs Parlay odds less competitive than with other books |
T&C Apply
Get $150 in Bonus Bets After Your First Real Money $5 Wager or 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/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 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. See full T&C at Bet365. #ad | |||||
#5 |
2nd Chance Bet up to $500 |
Pros Quick Pick Same Game Parlays Parlay Builder |
Cons Limited parlay options No Same Game Parlay |
T&C Apply
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. | |||||
#6 |
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win |
Pros Live betting parlays Very competitive parlay odds Large parlay market |
Cons No early cash out |
T&C Apply
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win 21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/ MI/NJ/OH/PA/TN/VA/WV/WY. Different offer available in NC. 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. Please gamble responsibly. Gambling problem? Call 1-800-GAMBLER.See full T&C at BetMGM. | |||||
#7 |
Bet $5, Get $100 in Bonus Bets |
Pros SGP Max Flex Parlays |
Cons Not as many parlay options as other books |
T&C Apply
Bet $5 & Get $100 in Bonus Bets 21+. AZ/NJ/TN/VA only. Different offer(s) available in FL/IA/IN/OH. New customers only. Must make a deposit and qualifying wager of $5+. Qualifying bet must have odds -250 or longer (i.e., +100, -110). Bonus Bets will be split up into 5 $20 Bonus Bets. Bonus Bets will be loaded into accounts on bet placement. Bonus Bets will expire 14 days after issuance. See full T&C at Hard Rock Bet. | |||||
#8 |
Bet & Get up to $1,000 in No Sweat Bets |
Pros Boosted parlays Parlay insurance |
Cons No SGP Plus |
T&C Apply
Up to $100 Back in Bonus Bets if Your Bet Loses Every Day for 10 Straight Days (Up to $1,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/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 Bonus Bet equal to your stake, up to a maximum of $100 per day. Bonus bets paid out within 72 hours of qualifying wager settlement. Bonus Bets expire 7 days from issuance. See full T&C at Fanatics Sportsbook. | |||||
#9 |
Bet $20, Get $100 Sportsbook Only Available in NJ |
Pros Competitive parlay odds Early cash out |
Cons Limited sportsbook availability Less competitive odds |
T&C Apply
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. | |||||
#10 |
100% Deposit Match up to $250 |
Pros Prebuilt parlays Mega Parlay Boost (boosts payout by 3% to 30%) |
Cons Sportsbook limited to Arizona |
T&C Apply
Get Your First Deposit Matched 100% up to $250 in Bonus Bets 21+. New customers located in AZ only (excludes Indian lands). Minimum $100 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance. See full T&C at Desert Diamond. | |||||
#11 |
First Bet Insurance up to $500 |
Pros Parlay boosts Parlay Insurance |
Cons Sportsbook limited to Maryland Limited betting markets |
T&C Apply
Up to $500 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. MD only. Minimum $10 deposit. Must make qualifying cash wager with odds of -120 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. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. See full T&C at Crab Sports. | |||||
#12 |
Up to $250 in Matched Bets Over Your First 5 Weeks Promo Code: CLUTCH250 |
Pros Quick Parlay feature ClutchClash head to head player parlay betting |
Cons Limited US exposure Limited SGP selections for NHL, MLB and other sports |
T&C Apply
100% Bet Match up to $50 on Your First Wager Each Week for Your First Five Weeks 21+. New customers only. CO/IA/LA only. Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $50 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $250). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement. Must use promo code CLUTCH250 See full T&C at ClutchBet. | |||||
Types of Parlay Betting
Just like there are a lot of different online betting sites, there are also a lot of different parlay betting types. Each offers a unique way to stay involved in the game, and online parlay betting sites in the US provide access to a wide range of options. Ranking them by their offers and benefits gives you better insight into what to expect.
Live Betting Parlays
With live betting parlays, you can place your bet while the game is happening, allowing you to react to what's happening in real-time. It's an excellent way to stay involved in the action on the field or court.
Each leg of the parlay will have odds that change in real-time as the events unfold. This means the odds for your parlay are dynamic and can fluctuate until the bets are placed. The complexity and risk are increased because each event in your parlay is subject to the unpredictability of live betting. Therefore, you'll need to be quick and decisive since the odds can change rapidly during live events.
BetMGM Live Betting Parlay
The Best Sportsbook for Live Betting Parlays
BetMGM stands out for its live betting parlays. It allows you to build parlays with live bets across various sports, including NFL, MLB, NBA, and even golf. This means you can combine live wagers on different games within the same sport or create a parlay spanning multiple sports altogether. BetMGM's parlay builder makes it almost instantaneous to combine the wagers and place your bet, which is imperative when live betting.
In addition, to incentivize parlay betting, BetMGM occasionally offers promotions like parlay boost tokens. These tokens increase the odds of your parlay, giving you a bigger potential payout if your picks hit.
T&C Apply
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/ MI/NJ/OH/PA/TN/VA/WV/WY. Different offer available in NC. 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.
Please gamble responsibly. Gambling problem? Call 1-800-GAMBLER.See full T&C at BetMGM.
Same Game Parlays
A Same Game Parlay (SGP) allows you to combine multiple bets from a single game, like predicting the winner, point spread, and total score. This is a newer type of parlay bet, as most books only previously allowed parlays created from different events.
Recently, SGPs have become a major part of most US sports betting sites, as they are beloved by users and operators alike. For the user, the increased odds of massive payouts all attached to one game creates a thrilling experience, while the operator typically has very high margins on these types of wagers.
Because of this win-win relationship, sportsbooks have placed a ton of emphasis on making this feature a stand-out on their platforms. Game-to-game markets have improved over time, while many sportsbooks frequently offer promotions revolving around their SGP offerings.
FanDuel MLB Same Game Parlay
FanDuel Same Game Parlay
The Best Sportsbook for SGPs
FanDuel Sportsbook's Same Game Parlay has become the standard in American sports betting.
After popularizing the bet type for US audiences a few years ago, the country's most popular sportsbook has consistently expanded their efforts in this regard, adding SGP+ markets as well as live same game parlays.
These market expansions - as well as a plethora or SGP promotional offers - have kept them on top of the heap for this type of bet.
Despite increased efforts from competitors like DraftKings and Caesars in recent years, FanDuel is still our go-to recommendation for Same Game Parlays.
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass
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 $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. 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.
Round Robin Bets
Round robin bets allow you to break down your parlay into smaller, multiple wagers for a chance to win some money even if not all picks hit. They offer a bigger top payout if you win and a better chance to mitigate losses if you lose.
By spreading your selections across multiple parlays, you increase your chances of winning some of the bets even if not all your selections win. If one of your selections loses, you still have the possibility of winning with the other combinations, reducing the impact of a single loss on your overall bet.
You can choose different sizes for your parlays, such as three-team parlays, depending on how many teams or games you select. However, while the chances of winning are higher, the payouts for each winning parlay might be lower compared to a single, larger parlay with all selections.
DraftKings Round Robin
The Best Sportsbook for Round Robins
We recommend DraftKings for Round Robins because of the sportsbook's extensive list of competitive odds and markets. This can work to your advantage when creating the Round Robin, giving you greater flexibility with how you structure the wager.
When you add your wagers to the betting slip on DraftKings, there's a toggle at the bottom of the slip that allows you to select Round Robin. When you do, DraftKings configures the possible combinations for you. From there, pick the ones you want and get started!
T&C Apply
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.
Alternative Types of Round Robins
There are several variations of the Round Robin bet, although you won't necessarily find them on all sportsbooks. In some cases, the book may call them something else - DraftKings and others lists a Pixie bet, for example, with a "4x" beside the parlay bet you're creating because it includes four bets. Still, it's good to know what the various round robin options are in case you're feeling really adventurous and come across them.
- Trixie
Choose 3 events and the Trixie creates 4 bets. These are all 2-team parlays (doubles) featuring different pairings of your selections.
- Patent
Similar to a Trixie with 3 selections, a Patent creates 7 bets total. It includes the 3 double bets from a Trixie, but also adds a 3-team parlay (treble) and 3 special bets called "about bets." An about bet covers both scenarios where two of your selections win, regardless of the order.
- Yankee
Up the ante to 4 selections with a Yankee. This round robin creates a total of 11 bets. You'll get 6 double bets (2-team parlays), 4 three-team parlays (trebles), and even a single four-team parlay.
- Canadian
Feeling really lucky? A Canadian uses 5 selections and creates a massive 26 bets. Here, you'll get a mix of doubles (10), trebles (10), four-team parlays (5), and even a single five-team parlay.
- Heinz
A Heinz bet consists of 57 individual bets placed on six selections. These include 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators, and a six-fold accumulator. To achieve any return on a Heinz bet, at least two of the six selections must be successful. This type of bet is popular among experienced bettors who are looking to maximize their potential returns from multiple selections while mitigating the risk of losing their entire stake on just one or two incorrect picks.
- Super Heinz
A Super Heinz bet takes the complexity of the Heinz bet even further by including 120 individual bets on seven selections. This bet type comprises 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-fold accumulators, and a seven-fold accumulator. With a Super Heinz bet, at least two of the seven selections need to be correct to secure a return. The Super Heinz is favored by bettors who are confident in their selections and are willing to place a higher number of bets to potentially achieve substantial payouts from multiple successful outcomes.
- Goliath
A Goliath bet is one of the most extensive round robin bets available, featuring 247 individual bets on eight selections. These bets include 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators, and an eight-fold accumulator. To earn any return from a Goliath bet, at least two of the eight selections must be successful. This type of bet is designed for those who seek the highest potential returns and are prepared to manage a larger number of bets and higher stakes. The Goliath bet is seen as the ultimate test of a bettor's skill and confidence in their selections.
Teaser Parlays
With teasers, you can adjust the point spread or totals slightly in your favor for a lower payout than a standard parlay. In most cases, the teaser bet involves just two teams, although some books will allow up to 10 teams.
For example, imagine the Carolina Panthers need to win by 7 points on the point spread in a game against the New Orleans Saints. With a teaser, you might be able to move that spread to your advantage, say the favorite only needs to win by 1 point. This makes your bet easier to win.
Caesars Teaser Bets
The Best Sportsbook for Teasers
Caesars Sportsbook makes it easy to create teaser bets. When you make your selections, you can slide the scale to set your points and see what the potential payouts would be. Caesars combines these adjusted bets into a single teaser bet, showing the combined odds and potential payout. This transparency helps bettors understand exactly what they stand to win.
This gives you the chance to find your own sweet spot for the bet. In addition, Caesars provides real-time updates on odds and lines, which is crucial for teaser bets where point spreads and totals can be adjusted. This ensures that you are making decisions based on the most current information.
T&C Apply
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.
See full T&C at Caesars.
Correlated Parlays
In a correlated parlay, the picks influence each other, like betting a team to win and the total score to be low. In other words, if one of the conditions wins, the payout is greater if the second condition then wins. You don't have to choose two unrelated items, either. You can choose the Boston Celtics to cover the spread in the first half of a game against the Dallas Mavericks, for example, as well as to cover for the entire game.
Correlated parlays aren't very popular with sportsbooks; they remove the edge that the books like to have. However, you still might come across them, which is why they deserve a place on the list.
How to Place Online Parlay Bets
- In your sports betting app or site, click on the sport and games you’re interested in
- Select the type of bets (e.g., moneyline, point spread, totals) for each event
- Add selections to your betting slip (some books will add them automatically)
- Enter the amount you want to wager
- Review the odds and potential payouts, and place your bet
Parlay Promos & Bonuses
Most online sportsbooks attach some type of promos and bonuses to parlay bets to give them a little push. The most common type of parlay bonus is Parlay Insurance, which, depending on the sportsbook, could reimburse your entire stake (or a portion) if your parlay loses by one leg.
Parlay Boost
With a parlay boost, or profit boost, your potential winnings get a percentage bump if your parlay hits. For example, if a sportsbook offers a 20% parlay boost on a winning 5-leg parlay, you would increase your payout by 20%.
BetMGM calls its parlay boost Parlay Plus, which allows you to boost your profits on winning parlays that have between four and seven legs. If your four-leg parlay hits, you'll get a 10% bonus on your winnings. If it's a five-leg parlay, the bonus increases to 20%. It then goes to 30% on a six-leg parlay and 40% on a seven-leg parlay.
FanDuel's parlay boost requires you to first opt in, which could be a problem if you forget. Once you've opted in, build a 3-leg parlay and apply your Boost Builder for a 15% Profit Boost if your bet wins. For each additional leg you add when building the parlay, the Profit Boost increases by 10%.
💰Some parlay boost bonuses can be tied to specific events, as well. In 2023, Caesars Sportsbook offered an NFL Parlay Boost Promotion that offered a 33% boost to use on NFL Week 18 games.
Reduced Juice Parlays
With a reduced juice parlay, the sportsbook offers you a lower house edge than usual. This means the odds are slightly more in your favor. For example, the normal parlay payout might be -110, but with reduced juice, it's -105.
Reduced juice parlay bonuses don't come around very often and they're usually tied to specific events - the Super Bowl, the NBA championship or possibly even the Daytona 500. The sportsbooks like to hype these up, so you can expect to be notified when they're available.
Parlay Bet Explainer
A parlay bet is a type of wager offered by sportsbooks that combines two or more individual bets into one. Each bet in the parlay (a "leg") needs to win for the entire parlay to be successful.
This high-risk, high-reward option offers the chance to multiply your winnings significantly if you predict all the outcomes correctly, but if just one leg loses, the entire parlay is lost. Most online sportsbooks offer parlay betting, and we’ve saved you the guesswork of figuring out where to find the best options.
Erik Gibbs
Associate Editor & Betting Analyst
Don't Ignore Value
"Don't just blindly bet on favorites to pad your parlay. Look for bets with good value, where the potential payout outweighs the actual odds of winning. Analyze the odds and matchups to find bets that offer a better chance of success."
Looking for Parlay Bet Alternatives?
Parlay bets are the go-to option for many sports bettors, but if you're looking for ways to spice up your action, don't forget about some of the other popular options.
- Betting on the Long Game: Futures Bets
Futures bets are all about predicting the outcome of events far down the line. They're like placing a time capsule wager, locking in your guess on who will win the Super Bowl or which NBA team will draft a specific player. The potential payouts can be massive if your prediction holds true, but you'll be waiting a while to see if you've won. - Beyond the Scoreboard: Prop Bets
Prop bets delve into the nitty-gritty details of a game, offering wagers on things that go beyond the final score. Will a specific player score a touchdown? How many total yards will be passed? Will it rain during the game? Prop bets add an extra layer of excitement, letting you test your knowledge of the game nuances and, hopefully, snag a win on an unexpected event. - Playing it Safe: Hedged Bets
Hedged bets are a risk-management strategy for the cautious bettor. By placing a second wager that opposes your original bet, you create a safety net. This way, no matter which outcome occurs, you're guaranteed some kind of return. It's like betting on both sides of the coin; you won't win as big if your original bet hits, but you'll never walk away empty-handed either.
Parlay Betting Sites FAQ
What's a parlay bet?
A parlay bet combines multiple individual bets (called legs) into a single wager. You win the entire parlay only if all the individual bets within it win. Parlays offer the chance to win a larger payout than a single bet, but they are also much harder to win.
Do all US online sportsbooks offer parlay bets?
Yes, essentially all legal US online sportsbooks offer parlay betting. Parlays are a popular betting option, and most sportsbooks will prominently feature them.
What are some types of parlay bets?
There are different variations of parlay bets, but some of the most common include:
- Straight parlay: This is the most basic parlay, combining multiple individual bets (typically 2-5) across different games or events.
- Round robin: This is a variation where multiple parlays are created using a set of selections. It offers more chances to win but with lower potential payouts compared to a straight parlay.
- Teaser parlay: This allows you to adjust the point spread or totals slightly in your favor for a reduced payout.
Do sportsbooks offer same game parlays?
Yes, most US online sportsbooks offer same game parlays. This lets you combine bets on different aspects of the same game into a single parlay. For example, you could parlay a bet on the winner of the game with a bet on the total points scored.
Are there advantages to parlay bets?
The main advantage of a parlay bet is the potential for a much larger payout compared to a single wager. If your parlay wins, you can significantly multiply your winnings.
Are there disadvantages to parlay bets?
Yes, there are some drawbacks to consider. Parlays are much harder to win than single bets because all individual legs need to succeed. This is why the odds change so much when building a parlay bet.
Are the odds of winning better with parlay bets?
No, the odds of winning the entire parlay bet are actually much lower compared to single bets. Each additional leg you add to your parlay significantly reduces your chance of winning the entire wager. However, if each leg does win, the potential payout is substantially higher than it would have been if you had placed each of the bets separately.
What's the best online parlay betting sportsbook?
There isn't a single "best" online sportsbook for parlay betting. Different sportsbooks offer varying degrees of odds, betting promotions, and parlay betting features. It's recommended to compare sportsbooks to find one that offers competitive odds, a user-friendly platform, and promotions that suit your betting style.
What's a round robin bet?
A round robin bet is a type of wager that lets you combine multiple parlays into a single bet. It's essentially a way to spread your risk across different potential outcomes. There are variations of the round robin, such as the trixie, yankee, heinz, goliath and others.
Erik Gibbs
Associate Editor
Erik Gibbs is a seasoned journalist with a decade of experience in the betting and gambling industry. Known for his sharp insights and in-depth analysis, Erik has become a trusted voice among enthusiasts and professionals alike. Whether it's breaking news on the latest sports betting odds or exploring the intricacies of online gaming legislation, Erik's expertise and engaging writing style keep readers informed and entertained.
Online Sportsbook Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
![Caesars Sportsbook]()
Caesars SportsbookUp to $1,000 First Bet on Caesars
T&C ApplyUp 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.
See full T&C at Caesars.![FanDuel Sportsbook]()
FanDuel SportsbookBet $5, Win $150 in Bonus Bets
+ 3 Months of NBA League PassT&C ApplyPlace a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass
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 $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. 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.![DraftKings Sportsbook]()
DraftKings SportsbookBet $5, Win $150
in Bonus BetsT&C ApplyGet $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.![Bet365]()
Bet365Bet $5, Get $150 or
$1,000 First Bet Safety NetT&C ApplyGet $150 in Bonus Bets After Your First Real Money $5 Wager or 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/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 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.
See full T&C at Bet365. #ad![BetRivers]()
BetRivers2nd Chance Bet up to $500
T&C ApplyUp 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.![BetMGM]()
BetMGMUp to $1,500 in Bonus Bets
if Your First Bet Doesn't WinT&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/ MI/NJ/OH/PA/TN/VA/WV/WY. Different offer available in NC. 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.
Please gamble responsibly. Gambling problem? Call 1-800-GAMBLER.See full T&C at BetMGM.![ClutchBet]()
ClutchBetUp to $250 in Matched Bets
Over Your First 5 Weeks
Promo Code: CLUTCH250T&C Apply100% Bet Match up to $50 on Your First Wager Each Week for Your First Five Weeks
21+. New customers only.
CO/IA/LA only.
Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $50 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $250). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement.
Must use promo code CLUTCH250
See full T&C at ClutchBet.![Sporttrade]()
SporttradeCash Back up to $300
Promo Code: SBOSTT&C ApplyEarn 10% Cash Back up to $300 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 $300 ($3,000 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.![Hard Rock Bet]()
Hard Rock BetBet $5, Get $100 in Bonus Bets
T&C ApplyBet $5 & Get $100 in Bonus Bets
21+. AZ/NJ/TN/VA only. Different offer(s) available in FL/IA/IN/OH. New customers only.
Must make a deposit and qualifying wager of $5+. Qualifying bet must have odds -250 or longer (i.e., +100, -110). Bonus Bets will be split up into 5 $20 Bonus Bets. Bonus Bets will be loaded into accounts on bet placement. Bonus Bets will expire 14 days after issuance.
See full T&C at Hard Rock Bet.![Borgata Sportsbook]()
Borgata SportsbookBet $20, Get $100
Sportsbook Only Available in NJT&C ApplyGet $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.![Desert Diamond Sports]()
Desert Diamond Sports100% Deposit Match up to $250
T&C ApplyGet Your First Deposit Matched 100% up to $250 in Bonus Bets
21+. New customers located in AZ only (excludes Indian lands).
Minimum $100 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance.
See full T&C at Desert Diamond.![Crab Sports]()
Crab SportsFirst Bet Insurance up to $500
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. MD only.
Minimum $10 deposit. Must make qualifying cash wager with odds of -120 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. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake.
See full T&C at Crab Sports.
