How Does FanDuel Parlay Insurance Work?

FanDuel Sportsbook has one of the best parlay betting features on any US betting site, and the regular parlay insurance for both traditional and same game parlays is a major factor in what makes it so good. 

Because parlay insurance is a way to get your money back on a losing wager, we consider it a promotion, which is convenient since FanDuel lists parlay insurance in their 'promotions' tab. 

Parlay insurance refunds part or all of a lost parlay wager as bonus bets, giving you a little cushion if a risky leg of a parlay doesn't work out. 

The basic premise for FanDuel Parlay insurance is you need to place a parlay wager (or same game parlay wager in some cases) and have all but one leg be correct. In almost all cases, the minimum number of legs will be three, but it's far more common to see parlay insurance on 4+ leg parlays. 

FanDuel Sportsbook is one of the few betting sites that sometimes offers parlay insurance on the whole bet, not just when one leg of the parlay is incorrect, which is great news if you're a fan of taking bigger risks on this type of bet. 

After opting into the relevant promo, and placing your qualifying wager, the parlay insurance will kick in. If a single leg of your bet loses, you will be eligible to receive a portion of your bet back as bonus bets. 

How much you get paid will differ, generally it is a fixed percentage of the wager, up to a certain amount. The most frequent parlay insurance offers tend to be about 25%-50% up to around $25. 

The parlay insurance promotions you'll really want to take advantage of are the higher percentage amounts, fixed returns, or even complete bet coverage that doesn't rely on getting all but one leg of the wager right - though these promos will usually be around major tournaments or events like the Super Bowl or World Cup. 

FanDuel has one of the more robust offerings of any parlay betting site, but parlay insurance is not available for every sport. You'll find most parlay insurance offers targeted at major sports like football, baseball, basketball, and soccer, though there are promos you can use for any parlay wager from time to time. 

Same Game Parlay Insurance is a separate category, as there are fewer sports available to wager on, but this is actually where the majority of parlay insurance offers are featured given FanDuel's push for the SGP. 

FanDuel Same Game Parlay Insurance works exactly the same as traditional parlay insurance - only its for a SGP.

Because FanDuel pioneered the Same Game Parlay, they tend to focus more on a SGPs than multi-game parlays, which isn't such a bad thing considering multi-game parlays are far more common. With the SGP emphasis come more SGP Insurance promotions, typically for single game through the week, or during tournaments. 

The NBA is a popular sport for parlay betting, especially same game parlays on FanDuel. This makes it a perfect league for parlay insurance - and FanDuel knows it. During the playoffs and even just for big games parlay insurance promos frequently pop up. 

Not only is the NFL the biggest sport wagered on in the US, it has some of the most comprehensive and deep market options of any league on FanDuel - so building traditional and same game parlays is ideal. 

Just like the NBA, FanDuel NFL same game parlay insurance promotions are common during the season, and really help make sure you have a bit of a fallback if you get a bad beat or some major upsets ruin your bet slip. 

FanDuel Sportsbook has always been quite generous to users, and their frequent parlay insurance promos are proof of this. You can expect to find at least one parlay related promo each week on FanDuel Sportsbook, more during the NFL season and playoffs for basketball and hockey.