Best Parlay Betting Sites and Apps in July 2024
Few betting experiences can compare to the excitement of successfully hitting a long-shot, multi-leg parlay. These wagers have the potential to earn you significant payouts from top sportsbooks across the country. We have identified the best parlay betting sites to provide you with the ultimate multi-legged betting experience.
Best parlay betting sites
Features
- Monthly new customer rewards
- Quick and easy deposits
- Mobile app available
FanDuel Faceoffis a new DFS platform from betting giant FanDuel. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
ParlayPlay Review
Once you join the site, you’ll be treated to a two-tier welcome bonus — a $5 no-deposit bonus and a 100% match on your first deposit, up to $100.
Features
Features
- Free to play social sportsbook
- Mobile only
- Diverse gaming options
Thrillzz a new DFS platform for the free-to-play user. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
Boom Fantasy Review
Boom Fantasy is a DFS platform that began its US operations in 2015. This New York-based betting platform lets you get started with a $100 welcome bonus by entering the Boom promo code.
Features
ThriveFantasy Review
Thrive Fantasy is a daily fantasy sports (DFS) platform launched in 2016. The NY-based operator offers a unique DFS experience, focusing on player props instead of setting salary caps for player drafts.
Features
Quick links On this page
- Best parlay betting sites
- Top parlay betting sites reviewed
- Best parlay betting sites promos and features
- How to place a parlay
- How to pick the best parlay betting sites
- Super Bowl parlay bets
- States with legal parlay betting
- Bet types that make a parlay
- Boosted odds parlays
- More parlay betting resources
- Parlay betting sites FAQs
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
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.
![Screenshot of FanDuel Underscoreg mobile app for Android devices.](/images/53921fe1-0ade-433f-bdfa-b440ebb3143f.png?fm=tiff&auto=compress,format)
2. DraftKings
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.
![Screenshot of DraftKings Underscoreg mobile app for iOS devices.](/images/13eb4fb4-795f-4179-8a7c-cc2a8be63f3f.png?fm=tiff&auto=compress,format)
3. bet365
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.
![Screenshot of bet365 Underscoreg mobile app for iOS devices.](/images/f6daaa27-a35a-4bbf-94f0-af3b7e1f1f8f.png?fm=tiff&auto=compress,format)
4. Caesars
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.
![Screenshot of Caesars Underscoreg mobile app for Android devices.](/images/df4d9306-57e2-43de-88a3-db10bdd266f0.png?fm=tiff&auto=compress,format)
5. BetMGM
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.
![Screenshot of BetMGM Underscoreg mobile app for Android devices.](/images/e04f7917-d6ed-4047-8354-1a43b3d351c2.png?fm=tiff&auto=compress,format)
6. BetRivers ⚡
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.
![Screenshot of BetRivers Underscoreg mobile app for Android devices.](/images/ecfd64fd-7c9d-4f66-a2ba-000abe3c0708.png?fm=tiff&auto=compress,format)
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.
Underscoreg | Same-game parlays | Parlay bonuses | Boosted parlays | Parlay insurance | Early cash out |
---|---|---|---|---|---|
⭐bet365 | ✅ | ✅ | ✅ | ❌ | ✅ |
⭐BetMGM | ✅ | ✅ | ✅ | ✅ | ✅ |
⭐BetRivers | ✅ | ❌ | ✅ | ❌ | ✅ |
⭐Caesars | ✅ | ❌ | ✅ | ✅ | ✅ |
⭐DraftKings | ✅ | ✅ | ✅ | ✅ | ✅ |
⭐FanDuel | ✅ | ❌ | ✅ | ✅ | ✅ |
⭐Fanatics | ✅ | ❌ | ✅ | ❌ | ✅ |
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.
How to bet on sports | How to read odds | How to manage your bankroll |
---|---|---|
New to sports betting? Read our guide on how to get started. | Learn how to read sports betting odds in every format. | Discover how to manage your bankroll and make smart betting choices. |
Parlay betting sites FAQs
Can you bet on parlays online?
You are able to place parlay bets with any of the online sportsbooks featured in this guide. Just register through your desktop or mobile app, deposit funds, take advantage of any bonuses offered, and place your first parlay bet.
What is a parlay, and how does it work?
A parlay involves combining multiple individual wagers, known as legs, into a single high-risk bet. All legs must be successful for the parlay to win, making it one of the most challenging types of bets. Despite the risk, the potential payout can be substantial if you are successful.
Is parlay betting legal?
Yes, parlay betting is legal in most states and available at all of the online sportsbooks we recommend.
Do I have a better chance of winning by making same-game parlay bets?
In short, the answer is no. Due to the need to successfully combine multiple bets in a same-game parlay, the chances of winning these wagers are typically lower than losing them.
On the other hand, combining bets can increase your likelihood of winning same-game parlays. For instance, while the point spread in an NFL game might be low at three points, the total score could be high at 54.5. If you think the game will be high-scoring and the favorite will cover the spread of three points, you can wager on both the spread and the total by placing a same-game parlay bet.
How many teams can I include in a same-game parlay bet?
Since you’re betting on one game when building a same-game parlay, only two teams can be included in the bet. Some sportsbooks do allow you to combine SGP selections from different games into one wager, like FanDuel’s SGP+ feature.