What Is a Parlay Bet? How Parlays Work, Odds & Payouts

Each of your legs must hit to win the parlay, making this one of the riskiest bet types available. However, your payout will likely be significant if you manage to win. Different sportsbooks will host different betting odds — this is also true for other markets, such as NFL futures or Super Bowl odds — based on the handicapping done by the site’s oddsmakers. Therefore, doing your due diligence and line shopping at multiple betting sites for NFL futures before locking in any wagers is essential.

For an example, below is a same game parlay pricing example between the Brooklyn Nets and the New York Knicks. Sportsbook operators place a higher vig on props within a same game parlay, which sacrifices the expected value on a wager compared to a wager with the same odds, but in three different events. When building same game parlays, the customer must look to create a narrative for a game. Narrative building is key to determining the payouts for same game parlays. RotoGrinders.com is the home of the daily fantasy sports community.

Both betting sites offer the highest volume of options for these bets and have an easily navigable same game parlay tab. Most sportsbooks provide the option, but none have been as successful as DraftKings or FanDuel. For instance, betting sites such as FanDuel Sportsbook or DraftKings Sportsbook allow users to bet a one game parlay from a productized same game parlay tab. In other words, sports betting sites control what props or independent events are available for this bet type. A same game parlay is a parlay with multiple outcomes from the same contest.

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game in 1998, and he’s been writing about them professionally since 2014. Teasers offer more flexibility by shifting the point spreads, but you get paid less. Here are a few extra rules and features to keep in mind before you place your next parlay.

All of our best Same Game Parlay betting sites offer a Cash Out feature, which allows you to settle your bet for an early profit. For example, if you have won three bets on your four-leg parlay, utilizing the Cash Out feature would allow you to lock in some profit if you are feeling nervous about the final leg. Parlay Insurance is a valuable feature available at some of the Same Game Parlay sportsbooks. Parlay Insurance is when you receive some sort of compensation, usually bonus bets, when one of the legs in your parlay loses. The terms and conditions of Parlay Insurance vary by sportsbook, so it is best to check with your sportsbook for details. Given the popularity of Same Game Parlays, our experts were tough critics during the review of these Same Game Parlay betting sites.

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There is a ‘Boosts’ tab located within the Caesars mobile app that shows all of the boosts offered on that day, many of which are on Same Game Parlays. The Boosts work by providing better odds on a Same Game Parlay than you would normally see. In addition to offering a great Same Game Parlay experience, Caesars has one of the best Rewards Programs of all of the Same Game Parlay sportsbooks.

Understanding Odds Increases and Decreases

That fall put them down by almost 23% since the start of the college football season at the end of August. If the Cowboys light up the scoreboard, all three legs become more likely to hit together. Read our Fanatics Sportsbook review and unlock the Fanatics Sportsbook promo to start betting with added protection today. Using these features lets you maximize excitement, experiment with different strategies, and get the most from every parlay wager.

Even with having twice the app reviews in the app store as its closest competition, DraftKings, FanDuel has a better aggregate rating than every other app listed. The user-friendly interface is another standout feature for FanDuel. There is intuitive design for easy navigation and bet placement. “Bonuses and promotions are good with clear rules and obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track.” This is a team that, under Kevin O’Connell, has consistently ranked among the NFL’s most pass-heavy. DraftKings shares plunged by as much as 12.1% to $37.19 Tuesday morning, valuing the business at $18.62 billion.

• Same-game parlay payouts are calculated based on the combined odds of all included bets.
• The terms and conditions also have useful information like the bonus expiration date.
• Therefore, doing your due diligence and line shopping at multiple betting sites for NFL futures before locking in any wagers is essential.

Place a first bet of $5 or more, and regardless of whether it wins or loses, you get $200 in bonus bets. This section provides the bulk of our analysis of these Same Game Parlay betting sites. We’ll explain why each sportsbook was included in the top 5 and give an overview of all of the promotions available. Die-hard sports fan and overall lover of everything sports betting. Best bet ever placed was a $20 wager on Manchester United to win by the exact scor… Stay Disciplined🧠 One of the biggest mistakes bettors make is chasing losses with oversized parlays, hoping for a big score to “get even.” This usually leads to further bankroll damage.

While not all its promotions may be specific to parlays, they can still help you maximize your profits. In addition to the perks listed above, bettors can use the Fanatics Sportsbook promo code and up to $2,000 in FanCash that can be used toward same-game parlays. Between the start of the NFL and college football seasons and October 12, bettors can log into Fanatics on a football game day and get a market research shows No Sweat Bet of up to $100. If you opted in after August 23, you’ll get fewer than 26 No Sweat Bet chances, as the number of football game days gradually decreases. Other sportsbooks like BetMGM, bet365, ESPNBet, and Caesars offer same game parlay options. Again, users must identify pricing for each leg regardless of which betting site they choose.

Following injuries and players resting also helps, as a star players’ touches on the field or floor do not disappear and get distributed to other players on the team who are playing. This can be an opportunity to dive deeper into a same game parlay around the usual role players that have to do more with a star playing being out. What traditional parlays and same-game parlays have in common is that, in short, they are a sportsbook’s best friend.

Yes, all of our best Same Game Parlay betting sites are 100% legal and legitimate. The legalization of online sports betting in the U.S. occurred in May 2018, and sports betting is now legal in many states. As long as you are located in one of the states listed below and are at least 21 years old, you are eligible to partake in online sports betting with a Same Game Parlay sportsbook.

Since the start of last season, Jalen Hurts has been highly effective when given clean protection. Tampa Bay has found some success blitzing — an approach Hurts has historically handled well — but the Bucs have struggled to win one-on-one matchups or force pass protection breakdowns. They currently rank in the bottom 10 in forced pass-blocking mistakes. — the company’s second-largest market after the U.S. — likely contributed to the fall as well. By opting in and applying the boost to your SGP, you can enhance returns and make every leg of your parlay count.

If any selections are not eligible or allowed for Same Game Parlays, the bet slip will tell you. Assuming all selections are valid, submit your bet, and it will appear under your account’s “My Bets” section. Likewise, there is a negative correlation between a player on the Eagles scoring the first touchdown and their opponent winning the game.

Yes, most sportsbooks let you parlay across multiple sports, combining picks like an NFL spread, an NBA total, and a UFC moneyline into one ticket. If the matchups don’t line up or you’re forcing bets to fill a ticket, it’s usually smarter to stick with single wagers instead of chasing long-shot combos. For every game, online betting sites will attach combined point totals to them, called Over/Unders or Totals. Your aim here is to successfully predict if the total amount of points will end up over or under the given number. Boosts are usually offered as promotions and connected to specific sports, leagues, or events.