Our betting expert presents the best parlay betting sites in 2024. Find out which online sportsbooks give you the best parlay options, including odds boosts and same game parlays.
More on the Best Parlay Betting Sites
- Best Parlay Betting Sites Features
- Top Parlay Betting Sites
- Benefits of Parlay Betting Online
- Parlay Betting FAQs
Best Parlay Betting Sites Features
The table below outlines some of the key features of the best parlay betting sites and the sportsbooks where you can find them. Scroll down to find out more.
Parlay Bonuses
A parlay bonus is a promotion that rewards bettors for hitting winning parlays. The bonus is often given out as a percentage bonus on top of your standard winnings.
If it is a percentage bonus, you will often see that it is a higher rate if you add more and more selections to your parlay. For example, a four leg parlay may warrant a 10% parlay bonus, and a 5 leg parlay may incite a 15% parlay bonus.
BetMGM has rolling promotions for parlay boosts, where bettors can often earn an extra 10 percent profit on their parlay bets. Be sure to keep an eye out for any parlay boosts, as they are good ways of getting an extra bit of cash on top of your parlay winnings.
Boosted Parlays
Not to be confused with a parlay bonus, a parlay boost is a regular parlay with boosted odds, giving you a chance to return a larger sum of winnings than with the regular parlay.
FanDuel regularly have parlay boosts, often providing customers with the chance to wager on boosted parlays across multiple sports.
It’s important to note that these parlays are created by the sportsbook, and may not be a fair reflection of form, statistics or even backing the favorite. Make sure to do some research before backing any boosted parlays.
Multi-Sport Parlays
One of the best innovations since parlay betting was introduced, is the ability to combine bets on different sports into one wager.
If you fancy the Buffalo Bills, Golden State Warriors and Manchester City FC all to win their games, you can combine these three into one wager.
Combining sports is also useful if you are knowledgeable about many sports, meaning you can apply your knowledge into one big bet. These multi-sport parlays are available at all the best parlay betting sites mentioned in this piece, meaning you’re spoiled for choice.
Parlay Insurance
As with all betting, it can be difficult to win a parlay bet, especially if you’ve added a large number of selections.
With this in mind, some of the best parlay betting sites have parlay insurance promotions in which if one pick lets you down, you’ll receive some form of consolation. Ordinarily, that consolation comes in the form of a returned stake as a bonus bet.
FanDuel’s parlay insurance offer is by far the best out there. If you place a parlay of 5+ legs in any sport and any market, and one leg lets you down, then you are eligible for a refund up to $25.
Cash out
Some sportsbooks may use a different name for the cash out option, but the concept stays the same throughout. The concept of a cash out is to give bettors the ability to settle a bet and to accept a payout less than the original amount before the event ends. The advantage of taking this option is that you guarantee some profit that you can bank regardless of how the bet eventually gets settled.
For example, if you wager $100 at odds of +100 on the Jets to beat the Giants, total amount you could win in the traditional way from this bet would be $200, with $100 in winnings and your original stake back.
However, if the Jets are leading by seven points with fives minutes left, you are in a decent position to win the bet, but you are slightly concerned that the Giants still have time to come back. You don’t want to risk losing too much money, so you opt to use the cash out feature.
The sportsbook would offer you some profit on your bet, but the full payout would not be available. Using the cash out feature is a good way to ensure some profit before the event has finished.
Check Out the Best Sports Betting Sites and Apps
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Best Parlay Betting Sites Ranked
- Fanatics Sportsbook
- FanDuel
- BetMGM
- Caesars
- BetRivers
- bet365
- Borgata
1. Fanatics Sportsbook
Users who have the privilege of utilizing the Fanatics Sportsbook mobile app can delve into a wide array of diverse betting choices, encompassing an extensive spectrum. These choices encompass a variety of options, from total bets to player props and everything conceivable in the middle.
However, one feature to highlight of Fanatics Sportsbook is their parlays. They have become the top place to bet parlays as it easy to combine your favorite bets from multiple games. Fanatics also offer curated boosted parlays and in-app bonuses that will enhance your odds.
Fanatics currently has multiple welcome offers available depending on where you are located. Please see below to view which offer you can capitalize on:
- AZ. CO, CT, IA, IN, KY, MA, NY, OH, PA, TN, KS, IL, MD, MI, VA, VT, WV, NC, CT, MA, WY, NY, PA, NJ, VT – Get a $200 Bet Match for Five Straight Days!
2. FanDuel
FanDuel are frequently promoting their SGP offer, across a variety of sports. Place a 3+ leg same game parlay on any game taking place in the eligible time periods, and you’ll get a refund in bonus bets if your bet loses. Please note, the maximum stake for this offer is $10.
Parlay Teasers/Odds Boosts
FanDuel offers their own version of a parlay teaser in the form of odds boosts chosen by FanDuel, or even celebrity guests. A typical odds boost may turn a +400 parlay into a +500, meaning you can get more bang for your buck.
New users on FanDuel can place a bet of $5 and get $150 in bonus bets IF your first bet wins. However, that’s not all as you’ll get a boost or bonus every day!
- Get the FanDuel Promo Code
3. BetMGM
BetMGM Promotional Offers Not Available in Mississippi, New York, Nevada, Washington DC, Ontario, or Puerto Rico
BetMGM offers their version of an SGP in their One-game-parlays. Users will have the option to make their own One-game-parlays for a majority of contests, but BetMGM also offers many curated parlays that are often boosted.
If you’re looking to get more value out of your SGPs, BetMGM is a solid option to build your ticket with.
Right now, new users can get a tremendous offer when they sign up with the BetMGM bonus code NYP1600. Get a 20% Deposit Match up to $1,600 in Sports Bonus! It comes with a 10x wagering requirement. Another exclusive offer available is bonus code NPBONUS which will unlock BetMGM’s Get up to $1,500 Back in Bonus Bets if Your First Bet Doesn’t Win. Offer not available in NY, NV or DC. Sports bonus expire in 7 days. One new customer offer only.
- Get the BetMGM Bonus Code
4. Caesars
Much like their competitors, Caesars have plentiful parlay options. Same Game Parlays are also offered, with the ability to create your own same game parlay to completely customize your bet.
Parlay Profit Boosts
There are same game and standard parlay boosts available, as well as college football parlay boosts during the football season. Be sure to keep an eye out for regular parlay promotions, to get the most value on your bets. Another great reason to claim the Caesars Promo Code.
Same Game Parlay Insurance
21+. NY, CO, DC, IA, IN, IL, MI, NC, NV, NJ, PA, TN, VA, WV only.
Caesars frequently has same game parlay insurance promotions on the biggest sporting events. Simply place a 4+ leg same game parlay, and if one leg loses, you’ll receive your stake back as a bonus bet up to $50.
You can get a First Bet up to $1,000 by signing up for Caesars Sportsbook using the promo code above. Just place a first bet of $10 or more and take home the bonus bets regardless if your selection wins or loses. This offer uses promo code NPBONUS1000.
- Get the Caesars Promo Code
5. ESPN BET
ESPN BET has burst onto the scene! The newly launched app comes with superior sports backing and will be the place to cook up your parlays.
New users can score big when they sign up with the promo code NYPOST. With the promo code, new users can get a first bet reset of up to $1,000 if their initial wager loses.
Note that you must enter the promo code NYPOST to be eligible for the welcome offer.
- Learn more about the ESPN BET promo code
6. BetRivers
Click HERE for the BetRivers offer
BetRivers has similar parlay options to other sportsbooks, though one standout feature is the Jackpot Parlay. These are bet types with long odds because eight randomly selected bet options are sent to you.
Jackpot Parlay
If you’re a fan of longer odds parlay bets, the Jackpot Parlay adds a little more gamble and you can bet small to win big. Eight randomly selected bets will be added to a betslip, and you will be able to see the payout from the selections.
Bettors can select which sports and which markets they want to be included, before the parlay is generated for them.
College Basketball Bonus Bet
An easy way to earn a bonus bet, simply place a 3+ leg college basketball parlay of $25 or more, and you’ll receive a $10 bonus bet. The bonus bets will be in your account within 30 minutes of placing your parlay. Please note, the parlay must be of minimum odds of -200.
- Claim your BetRivers Bonus Code
6. bet365
bet365 does not necessarily excel in the Parlay category, but they certainly cater to all of your parlay needs and wants. Right now, there are two new customer offers from bet365:
- Bet $5, Get $150 in Bonus Bets!
- Get a First Bet Safety Net up to $1,000!
Same Game Parlay Builder
The Same Game Parlay feature with bet365 is without a doubt the best there is out there. Plentiful markets, higher number of legs and great cash out options give you loads of options to choose from.
They will often provide promotions on big games and events, giving existing customers bonus bets when placing same game parlays.
Partial Cash Out
The Partial Cash Out feature is helpful because it lets you withdraw part of your bet while leaving the rest on your risk. For remaining bets, you can partially cash out up to 10 times for straight bets and five times for parlays.
To select a partial cash out, click the cog button next to “Cash Out” and select “Partial Cash Out.” You can then move the slider to adjust the amount.
- Get the bet365 bonus code
7. Borgata Sportsbook
Borgata has strong parlay betting options, adequate for sports bettors in the two states in which Borgata operates.
The standout aspect is the ability to edit your parlay This exciting feature of the Borgata app gives you another layer of control over your betting. It essentially allows you to change any straight or parlay bet that has “Cash Out” available before the event has finished.
- Get the Borgata Sportsbook Promo Code
Benefits of Parlay Betting Online
There are plenty of pros to parlay betting online, but there’s no better benefit than being able to hedge your bets, perhaps after some of the legs of your parlay have already won.
Edit your bet
There are some legal sportsbooks that allow bettors to edit their parlays and add more, or remove legs of their parlay, which would not be allowed in person.
By editing your bet, you have a chance at grabbing a profit before all the legs have settled on your bet. Your revised parlay will have your amended selections and thus a new potential return amount, but you won’t have that selection that looks like it was on its way to losing.
Increased Odds
If you were to place three winning single bets on three wagers of -200 odds, the returns would not be very big. However, if you combined all three legs into a parlay, the combined odds would produce a bigger profit.
This is because in order for the parlay to payout, all legs of your bet must win. With three single bets placed, you could still return a profit if two of the three selections won, but a parlay bet requires every selection to win.
Let’s take the NBA for example, with three separate moneylines: Warriors (+170), Kings (-250), and Lakers (-250). If you wanted to bet on all three moneylines, you could pick two options.
Separate Bets: Three separate $10 bets, for example, would return $57.95, a profit of $27.95, if all three teams win
Parlay Bet: By combining the three moneylines into one $30 NBA parlay, the payout would be $186.56, a profit of $156.56, if all three moneylines hit.
The more legs you combine in your parlay, the bigger the odds, and the higher returns on your bet. Of course, all legs of the parlay must win to payout, but you may be wagering a smaller stake than you might have done on single bets.
Multi Sport Betting
Parlay betting allows you to combine bets on different sports into one bet. If you’re a fan of New York sports teams for example, you could parlay the Jets, Rangers and Knicks all to win, in one bet.
Combining sports is also useful if you are knowledgeable about many sports, meaning you can apply your knowledge into one big bet.
Cash Out
By betting online, you essentially have a live betslip, in which the cash out value will be going up and down depending on the results in your parlay. If two legs of your four leg parlay have already won, the sportsbook may offer you a cashout for a profit.
If this were the case in a retail sportsbook, you would not be able to cashout, and if the remaining two legs lost, you would have missed out on the opportunity to profit. Not all sportsbooks offer the cash out feature, so it is worth checking which of the best parlay sites do.
Find out more about New York sports betting
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How to choose from the Best Parlay Betting Sites
There are many reasons to use different online betting sites, with each sportsbook having different strengths and weaknesses.
The best parlay betting sites will cater to all your needs, but if its specific factors you’re after, then be sure to do some research.
Do they offer Parlay Insurance?
A similar feature to early payouts, parlay insurance will earn you a bonus bet, worth the value of your stake, if one of the legs in your parlay does not win.
It’s often difficult to win parlays with a lot of selections in your wager, so it’s worth checking out which sites offer parlay insurance, as you get some consolation if one pick lets you down.
Do they have the mobile options you want?
The best parlay betting sites will all have fully-optimized mobile apps, meaning you’ll be able to build your parlay bets on the go, and check your wagers wherever you are.
Best Parlay Betting Sites FAQs
What is a Parlay?
A parlay is a type of bet in which you combine multiple single wagers into one ticket, with every selection needing to win in order for your bet to win. By adding each selection to your parlay, you are multiplying the odds.
What is a Same Game Parlay?
Same-game parlays or single-game parlays combine multiple selections within the same event and put them into one wager. You could combine the Cincinnati Bengals to win, Joe Burrow to throw two touchdowns, over 44.5 points, and Ja’Marr Chase over 6.5 receptions into one same-game parlay bet.
Is Parlay betting legal?
Yes, betting on parlays is legal in all states which have legalized online sports betting.
Which states have legal parlay betting?
Every single legal, regulated U.S. online gambling state offers parlay betting to its users. If sports betting is legal in your jurisdiction, you will have plenty of options when it comes to selecting a parlay betting site.
Which sportsbooks have the best parlay odds?
No one sports betting site or app uniformly has the best odds. It’s always worth shopping around to see which app offers the best value about your parlay wager.