Parlay Betting Sites

1. Bet365
2. FanDuel Sportsbook
3. BetRivers
4. Fanatics Sportsbook
5. Caesars Sportsbook
6. DraftKings Sportsbook

1. FanDuel Sportsbook
2. Caesars Sportsbook
3. Bet365
4. DraftKings Sportsbook
5. BetRivers
6. Fanatics Sportsbook

1. Caesars Sportsbook
2. FanDuel Sportsbook
3. DraftKings Sportsbook
4. Bet365
5. BetRivers
6. Fanatics Sportsbook

1. FanDuel Sportsbook
2. DraftKings Sportsbook
3. Caesars Sportsbook
4. BetMGM
5. BetRivers

Simply put, a Parlay is a type of bet that combines multiple different single bets into a one wager. So, if there are four games that you want to bet on but don't want to stake on each of them individually, you can put them all into a parlay and win big if they all hit, but win nothing even if just one of them fails. You might also know parlays by the name Bet Builder or accumulator (acca).

Because parlays add so much additional risk with every selection needing to be correct, the odds multiply together allowing for huge potential payouts. And with the chance to win big with a relatively low bet, they can be a ton of fun.

Markets Available for Parlays

• Moneyline
• Spread
• Over/Under
• Player Props
• Team Props
• Futures

Because multi game parlays are available for pretty much every sport listed on a betting site, you will be a little more limited in the actual markets you can combine into your parlay simple because smaller leagues and less popular sports may only list moneyline, and spread.

• Moneyline
• Spread
• Over/under totals
• Player props

Keep in mind that you'll only be able to pick a single bet for each game in a traditional parlay.

Using points spread as the market for this example, you can really ramp up the odds by adding more selections to your parlay. If either side is priced at -110* to cover the spread in each matchup, you can expect (approximately) the following odds.

Point Spread Parlay Odds

• 2-Game Parlay: +264
• 3-Game Parlay: +595
• 4-Game Parlay: +1228
• 5-Game Parlay: +2435
• 6-Game Parlay: +4741
• 7-Game Parlay: +9142
• 8-Game Parlay: +17544

*-110 lines for the spread is standard on almost every US betting site, but if you have the option for -105 then you'll see a nice little boost to the payout percentage.

You may have seen the term SGP a few times on this page already, and be wondering what it stands for. SGP is just an abbreviation for Same Game Parlay.

Some of the other shorthand terms we use are:

• MGP - multi game parlay
• Traditional Parlay - multi game parlay
• SGP - same game parlay
• SGP+ - same game parlay plus
• OGP - One Game Parlay (which is the same as a SGP)

Same Game Parlays are still fairly new in the sports betting industry, and aren't available on every sport, but these are the sports that most commonly allow SGP betting:

• Football (NFL and College)
• Basketball (NBA)
• Hockey (NHL)
• Baseball (MLB)
• Soccer

• Tennis, Rugby, Aussie Rules

There are a few reasons for the limited number of sports you can create Same Game Parlays for, but the biggest limitations are the number of betting markets and odds calculations. To make a good SGP, having lots player props, over/under lines, and half time results can add lots of variety and interesting differences in wagers. But when you want to pick a team to win, and have their start player score a ton of points (take LeBron James in a Lakers win), those results directly impact each other, so the odds of both happening would be different than just having the odds of each multiplied together.

But the best parlay betting sites know how popular same game parlays are, and frequently add new markets and even new sports (BetRivers recently added the NHL to their Same Game Parlay list).

Same Game Parlay markets are typically as diverse as standard lines for the sports that allow SGPs, which helps bettors get creative when choosing from various player props and game outcomes.

• Moneyline
• Spread
• O/U
• Play Props
• Team Props
• Game Outcomes (leading first half, overtime yes/no, etc.)

The more popular sports like football and basketball have the most available markets, but soccer and hockey aren't too far behind.

• FanDuel Sportsbook
• BetMGM (One Game Parlay +)
• Caesars (super parlay)
• DraftKings Sportsbook (SGPx)
• Barstool Sportsbook

• Most parlay insurance offers only cover your bet if a single leg fails to hit. So if you string together a huge 15-leg parlay and lose half of your picks, there is a good chance you won't be reimbursed.
• On the flip side, some parlay insurance will cover you if every leg loses, or there may just be a minimum number you have to pick!

• Parlays are a great way to really boost payout and bump up the odds, so generally this won't factor in too often, but parlay insurance offers tend to come with minimum odds players need to wager at. Since you're insured, going for some slightly longer odds isn't really an issue though.

• This is the last major thing to keep in mind with parlay insurance - how much of your wager is covered? The best parlay insurance offers will cover your entire bet stake up to a certain amount, but sometimes only 25% of your wager will be refunded.

Profit boosts are probably the most common parlay betting boost, and are applied directly to the overall wager rather than increasing individual legs.

Some bonuses offer a flat percentage boost as long as you make a qualifying wager, but other parlay profit boost promotions will increase the boost the more legs you add (Bet365 is a perfect example with the maximum bonus at 14 legs of 70%!).

There is one major thing to keep in mind with profit boost promotions - there may be a limit to how much of you bet stake will get the boost applied. Basically you're allowed to place as much money on a parlay that you want, but the profit boost promotion will almost certainly be capped at a certain level, usually around the $25-$50 range. When you see this, we would recommend only betting that amount, since any additional wager will be paid out as standard, so it might be smarter to create a totally different wager to move some eggs into a different basket.

Parlay Profit Boost Example:

Caesars Sportsbook is an excellent choice for profit boost promos, generally offering between 25%-50% boosted profits on qualifying parlays. Recently they featured a same game parlay profit boost for the NBA Playoffs of 50%.

Wager Requirements: 3+ Legs, Minimum Odds +300, Maximum Wager the boost applies to of $50

• NY Knicks Spread +5.5 (-110)
• Julius Randle Double Double YES (+219)
• Caris LeVert Points O 13.5 (-125)

3 Leg SGP Odds: +1100

For this parlay profit boost, you needed to wager on a NBA Playoff Game (SGP), and pick at least three legs which total would have odds of +300 or greater, which is pretty easy to hit with a parlay. The main this to not with this promotions (and is the case with most other) is that the profit boost will only be applied to the first $50 wagered, with a standard payout on any amount wagered over that limit.

Odds boosts are a fun way to get a little extra profit from a parlay by adjusting the odds to be more favorable to you, and they can be done in a couple different ways.

Some betting sites like to give out 'profit boost tokens' or something similar with their promotions which you have the choice to apply to a qualifying parlay or particular parlay legs. We prefer this since you generally have a bit more flexibility.

Other times you'll find boosted odds on pre-made parlays or a promo will set out certain limitations on a parlay like minimum odds or a certain event, but still let you create the parlay and have your odds boosted by a set amount.

• DraftKings Sportsbook is a great example of this, and frequently have 'Odds Surges' on pre-made parlays for big events.

These are the main features any good parlay betting site needs, and the better each aspect is the higher they are in the ranking.

• Same Game Parlays - Most betting sites have multi-game parlays, but if they also have same-game parlays and SGP+, you have significantly more options.
• Range of Markets - The more different markets and sports the betting site has, the more flexibility you will have when it comes to building your parlays.
• Extra Parlay Features - Quality of life features like Quick Parlay selections or Parlay Builder tools make creating a parlay or SGP so much easier.
• Parlay Bonuses - If the betting site has parlay bonuses or parlay boost offers, this can be very attractive and make your winnings even greater.
• Parlay Insurance - This is a popular promotion because it allows for some margin for error. If one pick lets you down, you get some sort of refund (usually a bonus bet).

We also consider these more general factors even though they may not be specific to parlay betting, because they make using a sports betting site much more enjoyable.

• Odds/payout Rate - You want your chosen sportsbook to have good odds across the board so that your parlays have the best possible payout
• Payment Methods - Always a major consideration when ranking betting sites - it is crucial that a variety of good banking options are available.
• Mobile Functionality - You want a bookmaker with a smooth, fully-optimized mobile product, preferably with a dedicated app for iPhone and Android.