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What is a Parlay Bet

Up to $1000 in 4 risk free bets

New Customers only, T&Cs apply ,21+, NJ only.

Parlays are one of the most popular ways to bet in sports today. Essentially, a parlay wager is multiple bets grouped into a single one. For example, instead of choosing the Cleveland Browns to win on a particular Sunday, you might choose the Browns, the Detroit Lions and the New England Patriots to win.

This means you need all three teams to indeed win – or one could also wager on all three to cover the point spread -- in order to win your bet, and if a single team loses than you lose your bet. This does increase your chance of losing a bet, but it comes with a much higher reward when you do win. This is a popular way to bet because it requires a smaller initial bet to win big. The more bets you include in your parlay the higher your reward is when you win.

Parlay Strategy

There are multiple strategies to approaching a parlay bet. Parlays are really fun for this exact reason: They allow the bettor to customize their bets in unique ways. For example, you could parlay an NBA bet with an NFL bet with an NHL bet with a UFC fight.

First thing to consider is how many bets you want to include in your parlay. If you are certain that a few teams are going to win this week in, say, football, then including just a few teams in a parlay can be a safe way to increase your winnings. If you like the lottery approach, you can include many teams and if you get them all right win big. This is all about your preference and the great thing about betting online is that you can usually customize your parlay exactly how you like it. Another thing to consider when betting on parlays is which sort of bets you want to include. You could focus on home underdogs, for instance, or just underdogs in general to increase your risk and reward. You could play it safer and go with the favorites and try to minimize risk while still getting a good payout due to the parlay.

Sport Betting Picks

Tennis Parlay Bonus - up to 70% more

If your bet wins,Bet365 will add a bonus of 5 - 70% to your winnings. The bonus amount is dependent on the number of selections. T&Cs apply,NJ only.

Money Monday Club

Receive a $10 Free Bet when you place a total of $50 in qualifying wagers during the previous week.T&Cs Apply,opt-in required. NJ only.

NFL Parlay Profit Boost

Log in each Sunday to get a 20% Parlay Profit Boost each week!

Win a VIP trip to Super Bowl LVI

Every cash wager of $10+ (min odds of -200) on NFL Markets, earn entry into the Grand Prize Drawing, T&Cs apply.

SAME GAME PARLAY INSURANCE!

Place a SAME GAME PARLAY Bet on any MLB or NFL Game with 4+ legs and receive money back up to $25 if exactly 1 leg fails. T&Cs apply,NJ only.

Sport Club $10 Bonus

Place 5x sports bets of $10 or more at minimum odds -300 and receive $10 in bonus money every week. T&Cs apply,NJ only.

Tennis Cash Booster

Claim 4x profit boosts exclusively on tennis each week. 2x boosts will be available on the indicated days of the week, valid only for live tennis bets, T&Cs apply.

NBA 20% Live Profit Boost

Get rewarded with a 20% Profit Boost on any NBA Live wager every Wednesday, max $25, T&Cs apply

NCAAF Early Payout Offer

Get your straight bets paid out if the team you back gains a 17 point advantage - for parlays the selection will be marked as a win. T&Cs apply,NJ only.

2 Goals Ahead Early Payout Off

T&Cs apply. New & eligible customers only,21+ NJ only.

No Score Tie Soccer Offer

T&Cs apply. New & eligible customers only,21+ NJ only.

MLS One Game Parlay Insurance

A minimum of two picks and a maximum of 10 picks from a single game can be included in a One Game Parlay wager,max insurance $25. T&Cs apply. 21+,NJ only.

Multi-Sport Parlay Bonus

Place pre-game parlay of 2 or more selections and new customers can get 5-70% winnings depending on selections. T&Cs apply,21+ NJ only.

Parlay Plus

Get 40% more in profits on winning parlays! Opt-in and place a 4-7 leg parlay on any combination of sports or event. 21+,NJ only.

Upto 60% more on Parlays

If your parlay wins,get extra cash on top,from 5% to 60% depending on selections. T&Cs apply,21+,NJ only.

Weekly Free Bet

Place 10 valid sports bets online between Fridays and Thursdays and get a $5 free bet. T&Cs apply,21+,NJ only.

Level Up Booster

4%-50% boost on parlays dependent on selections. T&Cs apply,21+,NJ only.

Parlay Boost

Get 40% more in profits on winning parlays! Opt-in and place a 4-7 leg parlay on any sports combo. T&Cs apply,21+ NJ only.

 

20% NFL & NCAA Early Week Boost

Log in each Tuesday to get a 20% Profit Boost to be used on NFL OR NCAAF!

EPL One Game Parlay Insurance

Place a 3+ leg One Game Parlay on any game and one leg lets you down,you will get your wager refunded up to $25. T&Cs apply,NJ only.

Halftime Payout

Place a money line wager on either Thursday Night team. If they’re up by ten or more points at the half,your bet counts as a win,regardless of how the game ends.

Risk-Free Bet on the First TD Scorer

Place a prop bet on a player to score the first touchdown of any NFL game and you’ll receive up to $25 in Free Bets if your wager loses.

NFL One Game Parlay Insurance

Opt-in and place a Football One Game Parlay wager with 4 legs or more, and if you miss 1 leg, you’ll receive up to $25 back.

College Football One Game Parlay Insurance

Opt in and place a Football One Game Parlay wager with 4 legs or more, and if you miss 1 leg, you’ll receive up to $50 back, T&Cs apply.

NHL $10 Live Free Bet

Place a $50 live wager on any NHL® game on Wednesday or Thursday to receive a $10 Free Bet, T&Cs apply.

NFL Early Payout Offer

Get your straight bets paid out if the team you back gains a 17 point advantage - for parlays the selection will be marked as a winner. T&Cs apply,NJ only.

Alternative Parlays

Round Robin: A Round Robin bet is a variation on the normal parlay that essentially groups multiple parlay bets together. This means you have to select three or more teams or totals to be in your Round Robin. Then you must choose how many teams or totals you would like to group together for your Round Robin. You do not have to tie all your bets together, so you are allowed to pick and choose which ones you want to be combined to increase your payout. This is basically a way to bet on multiple parlays at once as well as increasing some risk and reward if you so choose. Similar to “boxing” a horse in a trifecta or exacta in a horse race.

Teaser Parlay: A teaser parlay acts very similar to a traditional parlay, except that it involves more personal customization when it comes to the spread. There are no moneyline picks in a teaser parlay, you must pick with a spread – however, you are able to adjust the spread to your preference. This of course changes the odds involved, but can be a fun or creative way to personalize your parlay to something you are more comfortable with. For example, if you want to choose the Detroit Lions to cover the spread against the Green Bay Packers but do not think the 3-point spread is reasonable, you can bump the spread up to +5 in favor of the Lions for that particular bet in your parlay.

Free Betting Offers
100% first deposit bonus up to $250
21+, T&Cs apply, only 1x wager required.
Up to $1000 risk-free first bet
New customers, 21+, T&Cs apply, NJ only.
Up to $500 in bet credits
Up to $500 in Bet Credits for new customers. Make a min $10 deposit, place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns, T&Cs apply.
Up to $1000 in 4 risk free bets
New Customers only, T&Cs apply ,21+, NJ only.
First bet matched up to $1001
New Customers Only, 21+, T&Cs apply, NJ only
Bet $50,get $50 (100% deposit match)
21+, T&Cs apply, please gamble responsibly, NJ only.
Up to $250 risk free bet
21+, NJ residents only, T&C's apply.
$500 Risk Free Bet
21+, New customers only, T&Cs apply, NJ only.
Get $100 in free bets when you bet $20
Min $25 stake, New Plyrs, 21+, T&Cs apply.