Best Parlay Betting Sites and Apps in July 2024

Top parlay betting sites reviewed

Please note that bonuses are only available for U.S. residents. These offers are current but may be subject to change.

Being a top overall betting site does not guarantee that a sportsbook is the best for parlay betting. We carefully evaluate features, promotions, and user interfaces to identify the top platforms for parlays. Below are the premier options available on the market:

1. FanDuel

Bet $5, Win $200 in Bonus Bets

Exclusive offer for new customers: Deposit at least $5, make your first bet of $5 or more, and receive $200 in Bonus Bets if your bet is successful within 72 hours.

Claim $200

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The same-game parlay was originally introduced by FanDuel to U.S. players in 2019 and later enhanced with the SGP+ feature, allowing users to combine same-game parlays from different matches into one large wager.

The sportsbook’s expertise with the feature allows it to excel in providing a wide range of relevant markets and promotional offers. New users have the option to place a parlay, whether it be same-game or not, as the qualifying bet for the sportsbook’s welcome offer of betting $5 to win $200 in bonus bets. No FanDuel promo code is required.

FanDuel’s parlay system stands out because

• A large selection of same-game parlay betting options, including some bets other sportsbooks don’t have.
• Generous and consistent parlay promotions, such as bonus bet offers and profit boosts.
• A focus on offering NFL-specific parlay promos, including its “NFL No Sweat Parlay,” which provides a refund if you lose your bet.
• Great for live betting.

To learn more about the sportsbook, including details beyond its parlay features, check out our in-depth review of FanDuel.

2. DraftKings

Bet $5, Get $150 in Bonus Bets

Terms and conditions apply.

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DraftKings may not receive as much recognition for its parlay options compared to other sportsbooks, but it is a reliable option for those seeking generous boosts, frequent insurance offers, and pre-made selections. Furthermore, new users can sign up without needing a DraftKings promo code to take advantage of the bet $5, get $150 in bonus bets promotion.

The unique aspect of DraftKings’ parlay experience is as follows:

• Some of the best parlay odds boosts, occasionally reaching 100%. Known for its regular 50% parlay boost offer on three-leg same-game parlays.
• Often delivers substantial parlay insurance promos to help offset losses.
• A fun selection of pre-made parlays directed at bettors who like to wager on their favorite team or against their bitter rivals.
• Great for existing users and the boosts and super boosts.

For a comprehensive overview of the sportsbook, be sure to read our DraftKings review. You can also compare FanDuel and DraftKings in our head-to-head showdown to see who comes out on top.

3. bet365

Bet $5, Get $150 in Bonus Bets

Gambling problem? Call 1-800-GAMBLER

Claim $150

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Bet365, known as “The World’s Favorite Underscoreg,” offers an exceptional parlay builder that is sleek, efficient, and displays price changes before adding a bet to your slip. New customers can try out this feature right after signing up and can also claim a bonus of bet $5 and get $150 in bonus bets using the bet365 bonus code SBRBONUS.

Bet365 is currently providing an alternate welcome bonus where you can receive up to a $1,000 safety net on your first bet if it doesn’t win. Please note that you can only select one bonus, so make your choice wisely.

Bet365 promotes the following in order to attract the attention of parlay bettors.

• The best same-game parlay builder in the industry, which allows you to see the parlay price before adding props to your bet slip.
• A fantastic cash-out feature that includes partial cash-out, granting you access to consistently getting the most out of your bets.
• One of the broadest NFL props menus in the online betting space.

Gambling problem? Call 1-800-GAMBLER

Check out our bet365 review for additional information on the sports betting platform.

4. Caesars

$1,000 First Bet on Caesars

Terms and conditions apply.

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Caesars Underscoreg offers a wide variety of parlay boosts and a large selection of NFL player props. They regularly provide parlay promotions and offer new users a welcome bonus of up to $1,000 on their first bet when using the promo code SBRBONUS1000 at registration.

This is how Caesars sets itself apart with its parlays:

• Generally offers the best parlay boosts — usually daily — of any sportsbook.
• Provides more NFL player props than any competitor.
• Delivers regular parlay insurance promos and often ties them to major events, making it one of the best Super Bowl betting sites.

For more in-depth expert analysis, explore our review of Caesars.

5. BetMGM

Up To $1,500 Back In Bonus Bets

Bonus bets must be used within 7 days. This offer is only valid for new customers. Other terms and conditions may also apply.

Claim $1,500

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BetMGM, with its long history in the sports betting industry, is known for providing competitive odds and generous bonuses. Its reputation for offering top-tier incentives, such as first-bet insurance up to $1,500 through the use of the BetMGM bonus code SBRBONUS, extends to its parlay options as well.

One of the best things about how BetMGM handles parlays is:

• Known for its parlay boosts, where bettors can frequently make 10% extra profit on their wagers.
• Delivers some of the sharpest odds in the industry, which can help maximize profits on winning parlay bets.
• Boasts an intuitive Bet Builder that makes constructing parlays quick and easy.

If you want to learn more about the platform, check out our BetMGM review.

6. BetRivers ⚡

Up to a $500 Second Chance Bet

Terms and conditions apply.

Claim $500

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BetRivers is recognized as one of the leading sportsbooks for its daily promotions and bonuses, which includes a new-player offer of a $500 second-chance bet that can be redeemed using the BetRivers bonus code SBRBONUS. Although not all promotions are geared towards parlays, they can still assist in increasing your earnings.

BetRivers utilizes various strategies to actively involve parlay bettors.

• Offers a wide range of daily promos and bonuses to increase the profits from winning parlays and other bets.
• Provides unique jackpot parlay promos that can result in significant payouts.
• Delivers generous parlay boosts and beneficial cash-out offers.

Read our comprehensive BetRivers review to learn more about the sportsbook.

Best parlay betting sites promos and features

Every top sportsbook includes parlay betting, but each one offers unique promotions and features for parlay wagers. Identifying the top parlay betting sites and utilizing their options can maximize winnings on a successful bet or protect your funds from significant losses on an unsuccessful bet.

Parlay bonuses

A parlay bonus adds extra money, typically a set percentage, to the original payout of a winning wager. The bonus amount tends to increase as more legs are added to the parlay. For instance, a four-leg parlay might offer a 10% bonus, whereas a five-leg parlay could give a 15% bonus.

Boosted parlays

Enhance your parlay bet with a boost, which increases the odds and potential payout. For instance, a regular three-leg NFL parlay with odds of +425 can be boosted to +500.

Boosts are frequently included in promotions and are tied to particular sports, leagues, or events. NFL same-game parlay boosts are a popular offering at many sportsbooks.

Parlay insurance

Certain betting websites offer parlay insurance as a way to mitigate the impact of a failed parlay bet. This promotion allows for a partial reimbursement of your stake or bonus bets if one of your selections does not pan out. While there are usually maximum betting limits in place, parlay insurance provides an opportunity for a second chance if your initial parlay is unsuccessful.

Early cash-out

Taking an early cash-out on parlays can be a convenient and profitable option provided by many contemporary sportsbooks. This feature allows you to secure some profit before all of your parlay selections have been completed.

Imagine you place a $20 four-leg parlay bet with odds of +500. If all legs win, you would receive a payout of $120. However, if two legs have already won and the other two are looking good, the sportsbook may offer you an early cash out option of $85. You can choose to take the guaranteed win or continue with the bet to try for the full $120. It’s always nice to have options.

How to place a parlay

Placing parlays is an easy process. Once you have selected your favorite sports betting apps, just follow the simple steps outlined below:

1. Select a sportsbook and register online

After you have done your research and chosen an online sportsbook that suits your needs, create an account and complete the registration process by providing necessary personal details like your email address, mailing address, date of birth, full name, and social security number to prevent any delays.

2. Deposit and claim a bonus

Once your new account is established, you will be required to deposit funds. Top parlay betting websites provide a variety of banking options such as credit and debit cards, PayPal, and e-wallets.

In order to receive the welcome bonus from your selected sportsbook, make sure to carefully review the terms and conditions to ensure you fulfill all necessary deposit and wager criteria. Additionally, the terms and conditions will provide important details such as the expiration date of the bonus.

3. Select and finalize your bet

Now that your real-money funds are set, it’s time to make your first bet. Choose your preferred sport and game, then look for the “Same Game Parlay” or “Parlay Builder” options. Take advantage of the top sportsbook promotions available for new users at this point.

If you’re struggling to make a decision on what to bet on, check out our experts’ NFL picks for exceptional insight all season long.

4. Withdraw your payout

Hitting your parlay is an amazing feeling, but nothing beats seeing your winnings in your bank account. Remember that even the top online sportsbook for payouts may take 24-48 hours to fully process your withdrawal request.

How to pick the best parlay betting sites

There are many sports betting sites that provide parlays, so it is important to search for sites with a user-friendly mobile app, attractive promotions and bonuses, competitive odds, reliable banking options, and excellent customer support.

Mobile experience

Many individuals prefer to place bets on parlays through a sportsbook’s app or mobile website. It is essential to have an app or website that offers a smooth user experience in order to quickly and efficiently create same-game parlays. Be sure to select options that are dependable, easy to navigate, and include all the desired features.

Betting odds

Various sportsbooks offer varying betting odds, including markets like NFL futures and Super Bowl odds, which are determined by the site’s oddsmakers. It is important to research and compare lines from multiple sportsbooks before placing any bets.

Promos and bonuses

Reputable sports betting websites offer a range of promotions and bonuses, including incentives for new users and special rewards for specific events such as the Super Bowl. After making your first deposit, you can take advantage of these perks to improve your betting experience. Be sure to carefully review the terms and conditions for each promotion.

Banking

It is essential to find parlay sportsbooks that offer your preferred banking methods and fast payout speeds. Some common banking options include credit and debit cards, PayPal, ACH transfers, and e-wallets.

Customer service

At times, you might face challenges while navigating online betting sites and may need help. In such situations, having a reliable customer support team is crucial. Look for a team that can be reached through various channels like live chat, email, phone, and social media.

Super Bowl parlay bets

The Super Bowl is likely the most popular event for parlay bets in the world of sports. While sportsbooks offer traditional betting options like moneyline, spread, and totals, they also provide a wide variety of game and player props, as well as entertaining novelty props that fans love.

You could have combined various picks, such as picking the Chiefs to win, predicting that Patrick Mahomes will throw at least two touchdown passes, and betting on Travis Kelce to gain at least 73 receiving yards. Alternatively, you could consider a prop bet involving Brock Purdy.

Alternatively, you could have chosen a more unique approach, such as extending the national anthem to 89.5 seconds, having Usher kick off the halftime show with his popular song “Yeah!”, and the game’s MVP expressing gratitude to his teammates first during his post-game speech.

States with legal parlay betting

Sports betting, whether online, in-person, or both, is now legal in 36 states and Washington D.C. Most of these regions allow for parlays. Check the chart below to see which states allow you to create your multi-leg bets.

Bet types that make a parlay

Since their introduction a few years ago, parlays have gained immense popularity among bettors. While they can be risky, substantial profits can be earned by selecting bet types that work well together. Some of the most popular options include:

Moneyline

Placing a bet on the moneyline involves selecting a team to win a game outright. The team favored to win will have a minus (-) symbol next to their name, while the underdog will be indicated by a plus (+).

Point spread

When you wager on the difference in points between a team’s win or loss, you are betting on the spread. If you pick the favored team to win, you are hoping they win by more than the specified number, while if you choose the underdog, you are hoping they lose by less than the specified number.

Over/Under (totals)

In each game, online betting websites will assign a combined point total known as Over/Unders or Totals. The goal is to accurately predict whether the final points will exceed or fall below the specified number.

Props

Considered by many as the most imaginative bet option to include in your parlay, prop bets do not rely on the final outcome of a game. Rather, they are based on the individual performance of a specific player or a specific aspect of the competition. For a comprehensive understanding of this betting type, refer to our list of top prop betting websites.

Boosted odds parlays

Many top same-game parlay betting sites now provide enhanced odds for a variety of SGP picks daily. These boosted odds are prominently displayed on the home screen of your preferred sportsbook’s app or website.

Enhanced odds SGPs are a selection of bets provided by the sportsbook that offer a higher payout if they all win. However, it is important to exercise caution as these picks may seem to be chosen arbitrarily without thorough analysis. It is advised not to be lured by any SGP that has been boosted from +400 to +650 odds. Take the time to carefully examine the selections before placing your bets.

Alternatively, taking advantage of boosted odds can help increase your potential profits. If you come across a boosted Same Game Parlay that interests you, be sure to take advantage of the improved odds.

More parlay betting resources

After familiarizing yourself with the top parlay betting platforms, it’s important to review the fundamentals of sports betting, especially if you’re a newcomer. Additionally, it’s essential to explore different sportsbooks to determine which one suits your preferences, whether it offers excellent Super Bowl promotions or is known for its exceptional March Madness betting options.

Before making any advanced wagers, it is essential to read the following guides.