Best Parlay Betting Sites – What is a Parlay Bet?

Being able to win huge sums of money with a relatively small outlay has propelled parlay betting to be one of the most popular bet types for any online sportsbook. However, some sites are limited on what bets you can include, so this guide has been designed to not only maximize profits but also highlight the best parlay betting sites.

We’ve included information on how parlay bets work, factors that you need to consider when creating the bets, and strategies to allow you to become more profitable. Consider this the ultimate parlay betting guide.

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• Crypto

BetOnline	50% Match Deposit Bonus Worth Up To $1,000	50% Match Deposit Bonus Worth Up To $1,000 Huge Range Of Sports Markets Live In-Game Betting $1,000 Welcome Bonus	9.9 BetOnline	Claim Bonus Copied BOL1000 Copy	This offer is subject to a 30-day time limit. Odds of at least 2:1 apply. This offer is limited to one bonus per new customer and first time deposit.
BetUS	Up To $2,500 With A 125% Deposit Match (100% Sports Bonus And 25% Casino Bonus)	Up To $2,500 With A 125% Deposit Match (100% Sports Bonus And 25% Casino Bonus) Biggest Bonus Offering Parlay Builder For Complex Bets 24/7 Customer Support	9.8 BetUS	Claim Bonus Copied JOIN125 Copy	Minimum deposit of $100 is required to claim the welcome bonus. Use BetUS promo code 'JOIN125' to claim. You must bet on odds of 2.8:1 or higher. The offer is subject to a 14-day time limit. Max cash out limits apply.
Betnow Sports	150% Welcome Bonus Up To $225	150% Welcome Bonus Up To $225 Best Reload Bonus In-Play Betting 10% Weekly Rebate On Horse Racing	9.7 Betnow Sports	Claim Bonus Copied BN150 Copy	Terms and conditions apply. 18+.To claim your 150% bonus, select BN150 when you process your initial deposit with MoneyGram, Zelle and Card deposits. Min. $10 deposit required and max. bonus is $225, 20X rollover.
MyBookie	50% Welcome Deposit Bonus Up To $1000	50% Welcome Deposit Bonus Up To $1000 Top Contests & Promotions Supports Parlays, Teasers And If Bets $1,000 Welcome Bonus	9.7 MyBookie	Claim Bonus Copied MYB100 Copy	No time limits apply. Minimum deposit of $50 to claim your bonus. You must bet on wagers with odds of 2.5:1 or more.
Everygame	Up To $750 Sign Up Bonus	Up To $750 Sign Up Bonus Top Quality Mobile Betting App High Limit Sportsbook Fast Payouts	9.7 Everygame	Claim Bonus Copied 3XBOOST250 Copy	Bonus code must be entered immediately after you deposit and before you place any wager. Offer subject to rollover requirements of 8x at minimum odds of 1.5. Maximum of $50 of each bet counts towards wager requirements. Cannot be used on horse racing.
Jazz Sports	50% Up To $1,000 Sports Welcome Bonus	50% Up To $1,000 Sports Welcome Bonus Live Streams NBA + MLB Matches Various Promos & Daily Rebates Best Reload Bonus	9.7 Jazz Sports	Claim Bonus NO CODE REQUIRED
Sportsbetting	50% Deposit Match Up To $1000	50% Deposit Match Up To $1000 Top All-In-One Gambling Site Many Betting Options & Promotions All US Customers Accepted	9.7 Sportsbetting	Claim Bonus Copied SB1000 Copy	50% deposit up to $1,000. You must enter sportsbetting.ag promo code SB1000 to claim the bonus. You must deposit at least $55 to claim. Wager requirement: the bonus comes with a 10x turnover. Deposits using Neteller and Skrill are not valid for this promotion. Validity period: 30 days. The offer is valid for the site’s sportsbook ONLY. This bonus is for new customers/first-time depositors in Canada and USA
Xbet	50% Welcome Deposit Bonus Up To $500 + $10 Casino Chip	50% Welcome Deposit Bonus Up To $500 + $10 Casino Chip Biggest Range Of Sports Top Horse Racing Sportsbook Seamless Payments & Payouts	9.7 Xbet	Claim Bonus Copied XB100 Copy	The 100% sports betting bonus is capped at $500. You must enter the promo code XB100 to claim. Your minimum deposit must equal or exceed $45. The promotion comes with a rollover of 7x.
Lucky Block	200% Welcome Bonus Up To $10,000 + 50 Free Spins	200% Welcome Bonus Up To $10,000 + 50 Free Spins No KYC Needed, Instant Withdrawals Best Option For Crypto Deposits Need VPN for US, UK and AU	9.7 Lucky Block	Claim Bonus NO CODE REQUIRED
BUSR Sports	150% Deposit Bonus Up To $2500	150% Deposit Bonus Up To $2500 No Maximum Deposit Horse Racing Specialist Has Dedicated Spanish Language Site	9.6 BUSR Sports	Claim Bonus Copied INSIDER150 Copy	Max free play amount is capped at $1000. Minimum deposit to qualify is $100. Deposit must be made using cryptocurrency to claim. Offer can be used once only. Rollover is 10x. Redeemable only on the sportsbook.

A lot of our players are now looking for sites that cater to crypto as the go-to payment method. Our top-ranked sportsbook for this would be Lucky Block which offers a 30-second registration process and no KYC to verify your account. If you want to learn more about crypto and fiat payment methods, check out the guides below.

• Best online sportsbook for cryptocurrency deposits
• Best online sportsbook for debit & credit card deposits

Reviews of the Best Sportsbooks to Place a Parlay Bet

In this section, we’ve expanded our list of the best parlay betting sites (above) to bring you more detailed reviews. Use this to see how parlay sports betting works for each before picking the one that best suits your needs.

1.   BetOnline – No.1 Sportsbook for Parlay Betting

• Website: BetOnline
• Payout time: 1-2 business days
• Established: 2004
• License: Panama City, Panama
• Headquarters: Panama City, Panama

Our Verdict: 4.9/5

The top-rated parlay betting site is BetOnline. Not only have they been about since 2004, but the brand is now widely considered to be the best when it comes to both bonuses and betting lines. A lot of their lines open early, meaning that you place bets much earlier than the competition.

Parlay Options at BetOnline: 4.8/5

One of the main reasons why BetOnline are voted as highly as they are is because of the almost unrivaled betting lines. On average they can be as much as 10% higher odds, and when you combine this for parlay bets, the difference in payouts can be huge. The inclusion of features such as same-game parlays and the props builder hammer home their authority.

Payment Options: 4.7/5

Visa, American Express, and Mastercard can all be used to deposit at BetOnline. You’re able to withdraw back to them, but you will incur a small fee for doing so. The payment method of choice is that of crypto, with options that include Bitcoin, Litecoin, and Dogecoin, amongst others.

Customer Support: 4.8/5

The help center at BetOnline is the best that we’ve tested. It’s huge and covers a wide range of troubleshooting topics. Alternatively, you can access the 24/7 live chat function, where staff are on hand to help with any issues.

Bonuses and Promotions: 4.8/5

Two promotions can be claimed at BetOnline, depending on which deposit method you choose. The standard bonus is a 50% match worth up to $1,000 and then the second is a 100% match up to $1,000 which is accessible for crypto payments. Rollovers are low at 10x and 14x turnover respectively, making them easy to claim and clear.

BetOnline sports bonus:

2.   Bovada – Best for Enhanced Odds for Parlays

• Website: Bovada
• Payout time: 1-2 Days
• Established: 2011
• License: Costa Rica
• Headquarters: Costa Rica

Our Verdict: 4.8/5

Another stalwart of the sports betting sector is Bovada. They are one of few brands that can go head to head with BetOnline, only missing out on the fact the sports betting bonus is slightly smaller and that they don’t offer the same game parlays. Aside from that, they are one of the best, with a huge range of sports and markets to choose from.

Parlay Options at Bovada: 4.7/5

The sportsbook is massive and most of the bets that you can place can be linked into a parlay. Bovada has some of the best betting lines that we’ve tested, although they sometimes struggle with keeping up with BetOnline when it comes to betting lines, meaning their value drops ever so slightly.

Payment Options: 4.7/5

Traditional payment methods include Visa, Mastercard, and American Express. Deposits start from as little as $10 and withdrawals from $20. Crypto options have recently been added, which include Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. These would be our preferred payment methods as they come with no fees and faster withdrawal processing times.

Customer Support: 4.7/5

The help center is a great addition to the site and here you’ll find answers to most queries. It’s also a great place to start if you’re new to the brand to see how the site works and what features you can use, including a section dedicated to parlay betting.

Bonuses and Promos: 4.8/5

Like BetOnline, Bovada has two promotions that you can claim, both linked to the deposit method of choice. The sports sign-up promo is a 50% match worth up to $250, which comes with a 5x rollover. The crypto offer is larger and worth up to $750 as a 75% match, again with a 5x rollover.

Bovada sports bonus:

3.   BetUS – Best for Live Streaming

• Website: BetUS
• Payout time: 24 Hours
• Established: 1994
• License: Curacao
• Headquarters: Costa Rica

Our Verdict: 4.7/5

BetUS is the oldest sportsbook on our list and comes packed with features. The site has a dedicated sports betting blog that allows you to read up on tips and game previews. They are also one of very few that offer live streaming via its TV channel, BetUS TV. A series of VIP programs are accessible to all users and the general coverage for both sports and markets is excellent.

Parlay Options at BetUS: 4.7/5

The odds boost feature at BetUS is one of the main reasons why they rank as highly as they do. You’re not only able to get industry-leading prices when markets are boosted, but you can also include them within your parlays. For sports like horse racing, they have dedicated cards where you can create a parlay as well as links to the live betting and streaming section to watch/track bets.

Payment Options: 4.7/5

Payment options include credit cards, cash transfers, bank wire, and more recently, crypto. Minimum deposits are set at $10 and there are no fees attached to any deposits or withdrawals. The site comes with options to deposit and withdraw that isn’t exclusive, meaning that it’s not always possible to withdraw back to the initial payment source, so you need to make sure you have access to a withdrawal method.

Customer Support: 4.9/5

The support team is about as good as it gets, and you’ve access to a phone number where you can speak directly with the team. There’s no live chat function, but each section (sports, casino, horse racing, etc.) has its own team, so you’re speaking with a trained advisor within each of those sectors. If you don’t want to call, you can simply drop an email or fax, if you’re old school.

Bonuses and Promos: 4.8/5

The choice of bonuses at BetUS is extensive. The sports offer is a 125% match worth up to $3,125, which includes a casino offer. The promo is a 100% sports bonus up to $2,500 and a 25% casino bonus up to $625. To claim these, use the BetUS promo code JOIN125. The only downside to this offer is that min deposit is set at $100.

BetUS sports bonus:

4.   BC.Game – Best Parlay Betting Site for Mobile Betting

• Website: BC.Game
• Payout time: Up to 24 hours
• Established: 2018
• License: Curacao
• Headquarters: Curacao

Our Verdict: 4.7/5

BC.Game is the first of our crypto-focused betting sites. They are one of a new breed of sites that exclusively use crypto as their payment method. You get access to one of the best mobile betting apps/sites in the sector, which allows you full usage of parlay bets. Standout features include live betting, a fantastic interface, and huge range of sports to bet on.

Parlay Options at BC.Game: 4.7/5

Parlay bets are very much encouraged at BC.Game and as a reward, you will get a boost on a wide range of sports and markets. The more picks you include for your bet, the bigger the boost. Given that the site already has competitive betting lines, the boost can make the lines industry best, especially for sports such as soccer and eSports.

Payment Options: 4.5/5

Apple Pay and Google Pay are both accessible at BC.Game. The site allows you to buy crypto if you don’t have access to an external wallet, but it’s worth noting that exchange rates can be poor, so we recommend that you look at an external site to create a wallet and then deposit directly using one of their main crypto payment options. If you withdraw back to crypto then payments are processed within a matter of minutes.

Customer Support: 4.7/5

You can speak to the customer support team using the live chat function on-site. They can be reached 24/7 and are one of the better ones we’ve tested so far. Alternatively, you’re able to send a message to the sportsbook or you can contact them on their social media channels.

Bonuses and Promos: 4.4/5

The welcome offer is set out in crypto and while it’s huge, it’s a little complicated to work out what you can claim. It comes in the form of a 270% deposit match worth up to 20,000 BCD and a 30x rollover attached. The rollover is larger than most, but this promotion extends to your first deposits on-site, so if you’re a high-stakes/volume player, this is likely going to offer massive value.

BC.Game sports bonus:

5.   XBet – Best for New and Existing Player Bonuses

• Website: XBet
• Payout time: 1-2 days
• Established: 2007
• License: Costa Rica
• Headquarters: Costa Rica

Our Verdict: 4.7/5

XBet is a strong option for parlay betting. There are two main reasons why this is. The first is that they offer rebates on betting losses for horse racing, which includes parlay bets (assuming they only have horse racing bets). The second is the range of promotions, and more specifically, the welcome offer, which comes with incredibly low clearing rates and again, can be cleared using parlay bets.

Parlay Options at XBet: 4.5/5

Sports coverage at XBet is excellent, especially for those with a vested interest in North American sports/leagues, such as the NBA and NFL. The site is not the best looking, but the bet slip is one of the better ones, with the parlay section at the top, plus options to switch to Round Robins or Teaser bets if you wish.

Payment Options: 4.6/5

Payment options on site are good, with Visa, Mastercard, and American Express all available. You’ve then the likes of MoneyGram, Bitcoin, and Litecoin to add depth. Deposits start from as little as $20 and withdrawals from $50. Payments are processed within 48 hours, although crypto is expected within the hour.

Customer Support: 4.3/5

If you’ve got an account, then you can access the live chat function to contact support. Frustratingly, if you don’t have an account, you can’t use live chat and instead have to use the contact form on-site. XBet has one of the better help/FAQ sections, so it’s well worth checking there before waiting to speak with customer support.

Bonuses and Promos: 4.9/5

The promotions are the main reason why we suggest players to sign up to XBet. The welcome offer is a 50% match up to $500 and comes with just a 7x rollover, making it very easy to clear. Then you’ve access to a reload offer that you can claim multiple times which is a 25% match worth up to $250. This only has a 5x rollover attached.

XBet sports bonus:

6.   Lucky Block – Best Site for Instant Withdrawals and No KYC

• Website: Lucky Block
• Payout time: Instant
• Established: 2022
• License: Curacao
• Headquarters: Curacao

Our Verdict: 4.7/5

Lucky Block has revolutionized the way that online sportsbooks recruit new players. Gone are the tedious signup forms and instead replaced with just an email address and password to get started.

There is no KYC at Lucky Block, which means that accounts can be created within a matter of seconds. Couple this with a huge range of sports and markets to choose from, and you’ve got one of the best crypto-based sportsbooks for parlay betting. Just note you’ll need to use a VPN is betting at Lucky Block in the US.

Parlay Options at Lucky Block: 4.7/5

The sportsbook is stacked with sports to bet on. Parlays are one of the most popular bet types and the reason they rank as highly as they do is their competitive betting lines. Odds are some of the best in the industry and for parlay betting, this is imperative. They are one of few that can compete with BetOnline in this sector, which makes them a great alternative.

Payment Options: 4.8/5

Lucky Block is crypto-based, which means you deposit using coins from a range of wallets. However, it’s worth noting that you’re able to buy coins directly from the site using traditional payment methods such as credit/debit cards, Apple Pay, and Google Pay. There are no fees, withdrawals are processed instantly, and the minimum deposit is set to just $1, making it accessible for all bankrolls.

Customer Support: 4.6/5

Support options on-site include live chat and a contact form. You can get in touch 24/7 and the team, from our testing, has been exceptional. There’s a help/FAQ section for more mainstream queries, which is detailed.

Bonuses and Promos: 1/5

At the time of writing, there aren’t any sportsbook promotions for Lucky Block. However, if you were to sign up and play casino as well, there is a bonus worth up to $10,000.

7.   Sportsbetting.ag – Best Prop Builder for Parlay Betting

• Website: Sportsbetting.ag
• Payout time: Up to 48 hours
• Established: 1999
• License: Panama
• Headquarters: Panama

Our Verdict: 4.6/5

Sportsbetting.ag is a classic when it comes to online betting, and while the site may look like it’s not been updated since its inception back in 1999, it’s one of the most functional for parlay betting.

The design is compact, which means you can see a wide range of markets on the screen to add/remove from your parlay. You can use the props and game props section to get creative, but there are no same game parlay options.

Sportsbetting.ag Options at Lucky Block: 4.7/5

Coverage across the site is very good, but they excel in NBA, NHL, NFL, and MLB games. Betting lines are competitive, and you can use your welcome offer to create a little more value for each parlay bet. The props builder is the best feature on the site and here you can easily create parlay bets across multiple sports and markets within a single section.

Payment Options: 4.8/5

Deposits start from as little as $20 and you’ve got a huge range to take advantage of. Crypto has recently been introduced with max Bitcoin deposits topping out at a massive $500,000 per transaction. More traditional methods include Visa, Mastercard, American Express, Discover, Money Order, and Wire Transfers.

Withdrawals back to crypto are free, but there are small fees to pay on Bank Wire, Check by Courier, Money Order, and Person 2 Person, all based on how much you withdraw.

Customer Support: 4.7/5

Support included live chat which is accessible around the clock. You’ve also got a phone number you can call, as well as dedicated email addresses assigned to each section of the platform.

Bonuses and Promos: 4.6/5

New accounts can claim a sportsbook offer worth up to $1,000. This is a 50% match and has a 10x clearing rate with 30-day expiry. If you want to use crypto to deposit, then you can get a 100% match worth up to $1,000, but this has a 14x wagering attached that must be cleared within 30 days.

Sportsbetting.ag sports bonus:

8.   Everygame – Best for Soccer Parlays

• Website: Everygame
• Payout time: 1-2 days
• Established: 1996
• License: Kahnawake
• Headquarters: Antigua

Our Verdict: 4.6/5

Another of the stalwarts, Everygame has been around since the start of the online betting sector (in some form) and is still widely regarded as one of the best today. Their draw for parlay punters is the ability to offer strong, early betting lines. They run multiple coupons across several sports which makes parlay picking very easy.

Parlay Options at Everygame: 4.4/5

Odds wise, Everygame is good, without being great. The range of sports and markets to bet on is solid with more of a European feel than most of the other sites on our list. It’s best used for soccer parlay bets as you’ve got global coverage of leagues that include the Premier League, Bundesliga, Serie A, and the MLS. The link to the soccer coupon is another massive plus.

Payment Options: 4.5/5

Payment options are very good, and we were impressed to see the inclusion of eWallets such as Neteller and Skrill, making them one of the few offshore betting sites that allow these methods. On top of that Visa, Mastercard, and American Express can be used, as well as crypto options such as Bitcoin and Bitcoin Cash.

Customer Support: 4.5/5

Live chat is the best way to get in touch with the support team. They are accessible 24/7 although wait times can be lengthy at peak times. You’ve also access to a series of email addresses that are located within multiple sections throughout the site. These include general/sports, poker, casino, and payment queries.

Bonuses and Promos: 4.4/5

The sports bonus is a 100% match worth up to $50 which you can claim up to 3 times for a maximum of $150 in bonus cash. The promotion has an 8x wagering attached, which is low (good), and you’ve 30 days to clear each promotion.

Everygame sports bonus:

9.   MyBookie – Best Parlay Betting Blog and Free Tips

• Website: MyBookie
• Payout time: 1-2 days
• Established: 2013
• License: Cost Rica
• Headquarters: Costa Rica

Our Verdict: 4.6/5

MyBookie has been online since 2013 and in that time created a betting resource rivaled by few. The betting blog is the highlight of the site and comes packed with features and tips for upcoming events. They are one of few that offer this free function and this is one of the main reasons why we recommend the brand.

Parlay Options at MyBookie: 4.5/5

The sportsbook is best for betting on the likes of the NHL, NBA, and NFL. While they cover sports and markets from around the world, the North American coverage is by far the most in-depth. Betting lines are strong and the ability to create parlays that work to clear the welcome offer is another big benefit to using MyBookie.

Payment Options: 4.4/5

Visa, Mastercard, and American can all be used within the sportsbook. The downside to this is that there are fees for using these banking methods for both deposits and withdrawals. Free options come in the form of cryptos, such as Bitcoin and Bitcoin Cash, that not only avoid all fees but also have the fastest withdrawal times of 1-3 hours.

Customer Support: 4.5/5

The support team can be accessed by using the online contact forms and you can expect a response within 24 hours. Once the initial contact has been by MyBookie, response times are much quicker. There is a live chat function, but you need an account for this, which is a little frustrating.

Bonuses and Promos: 4.7/5

New accounts to MyBookie can claim a welcome bonus worth up to $1,000. This is a 50% match and comes with a 10x rollover. Min deposit to trigger the bonus is $45. Alternatively, you can claim a cash bonus, which is a 10% match up to $200, and this comes with just a 1x rollover, making it very accessible.

MyBookie sports bonus:

10. BUSR – Best Site for UK and US-Based Players

• Website: BUSR
• Payout time: Up to 48 Hours
• Established: 2014
• License: Curacao
• Headquarters: Curacao

Our Verdict: 4.6/5

BUSR has been online since 2014. The site was originally a horse racing betting site but morphed into covering all sports and became one of the best in the business by doing so. They’ve won multiple awards throughout the years, including a Gold Medal from Zendesk, along with multiple sports sponsorships across boxing, soccer, and horse racing.

Parlay Options at MyBookie: 4.7/5

The sheer volume of sports and markets makes BUSR a great option for parlay bettors. However, it’s horse racing that the company was established on and it’s still here where they excel. You’re able to create bets amongst different races and meetings, with the bet slip allowing you to choose between parlay, teaser, and round robin formats.

Payment Options: 4.4/5

Payment options include Mastercard, American Express, and Visa credit and debit cards. You can also use crypto, which includes the likes of Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Fees will apply to withdrawals made back to payment methods that aren’t crypto. These will start from $5 but will reflect the amount you wish to withdraw.

Customer Support: 4.5/5

Support options include an online contact form, a helpline (toll-free), and a live chat function. The team is superb and all queries are handled in a timely manner.

Bonuses and Promos: 4.7/5

Promotions are one of the highlights of the site, with the welcome offer being a massive $2,500 from a 150% match on your opening deposit. This offer has a 10x rollover attached and 30 days to clear the full balance.

BUSR sports bonus:

FAQs

What is a parlay bet?

A parlay bet is a bet that is made up of multiple selections to create a single bet. For example, this might include 3 NFL teams all to win or 5 NBA teams to cover the spread. You need all picks within the parlay to win for your bet to pay out.

Is parlay betting legal?

Yes, parlay betting is simply another bet type and is perfectly legal. Most betting sites will cater for a parlay bet in some form.

What is the best betting site for parlays?

BetOnline is the best betting site for parlays. They not only have a huge range of sports and markets to choose from, but some of the most competitive betting lines, meaning they create huge value as a result.

What sportsbooks have same-game parlays?

Same game parlays are rare, but you can access these at BetOnline. They generally include pre-selected markets from the same game as created by the sportsbook.

What does a $100 parlay pay?

This depends on the odds of the parlay. A $100 bet placed at odds of +700 will return $700. A $100 bet placed at odds of +1500 will return $1,500.

Is a parlay the same as an accumulator?

Yes, it’s the same. The bets are where you combine multiple selections to create a single bet.

Is it better to do single bets or parlays?

Parlay bets allow you to get creative and include multiple single bets into one. It’s impossible to say if one if better, but it offers more value by combining multiple short-priced bets to get a better ROI.

Can I place a parlay across multiple sports?

Yes, there are no limits on the sports or markets that you can include with a parlay bet. The beauty of the bet is that you can be as creative as you like.

Can I use different types of bets for parlays?

Yes, you can use as many different bets for parlays as you like. For example, you might have a bet that includes an NFL to win, an NBA team to cover the spread and the Over/Under point line on an NHL game.

What happens to a parlay if a game is canceled?

If a game is canceled, then that selection is void and then removed. The remaining selections within the bet will still run and the odds will be adjusted accordingly.

Comparing the Best Parlay Betting Sites

The table below includes our list of the best parlay betting sites with an overview of the types of parlays you can place with each. We’ve also included a look at the sports welcome bonus as well as the bonus code that is needed to trigger the offer, where applicable.

Sportsbook	Sports Bonus	Promo Code	Parlays	Same Game Parlays	Live Streaming
BetOnline	50% up to $1,000	BOL1000	✅	✅	❌
Bovada	150% Up to $7,500	N/A	✅	❌	✅
BetUS	125% up to $3,125	JOIN125	✅	❌	✅
BC.Game	270% up to 20,000 BCD	N/A	✅	❌	❌
XBet	50% up to $250	B2CXB	✅	❌	❌
Lucky Block	N/A	N/A	✅	❌	❌
Sportsbetting.ag	50% up to $1,000	SB100	✅	✅	❌
Everygame	100% up to $150	3XBOOST50	✅	❌	❌
MyBookie	50% up to $1,000	B2C100	✅	❌	❌
BUSR	150% up to $2,500	B2C150	✅	✅	❌

What is a Parlay in Sports Betting?

Parlay betting is where you combine multiple selections to create a single bet. This is sometimes referred to as an accumulator bet or a combo bet and can be used across a multitude of sports and markets.

These bets are designed to offer larger payouts for a combination of winning selections, however, you need all these selections to win for the bet to pay out. For example, if just one result of your 5-team parlay loses and then the other four win, then the whole bet loses.

Parlay Betting Explained: How Parlay Betting Works

You first start by selecting the picks that you want to include in your bet. We suggest that the best way to do this is by picking short-priced favorites to combine them into a single selection.

The parlay can come in all shapes and sizes and there are few limitations about what you can pick, with the most notable being multiple selections from the same game. For example, you could create a 3-game NFL parlay that includes the Miami Dolphins winning, Green Bay Packers winning, and the New England Patriots winning. You couldn’t make one that was the Green Bay Packers to win, Green Bay to cover the spread in their game, and the New England Patriots to win, as an example.

Parlay Odds

Odds are formulated based on the price taken for each pick at the time of placing the bet. The easiest way is to change the odds from American to decimal, then you all need to do is multiply each of the odds together to get your price.

Here’s how that might look:

• LA Dodgers to win – 1.85
• Seattle Seahawks to win – 1.65
• LA Lakers to win – 1.75
• Total Price = 1.85 * 1.65 * 1.75 = 5.34

Parlay Payouts

Payouts are all relative to the odds that you get. As highlighted above, the best way to work this out is by using decimal odds and then converting this back to American odds if needed. It’s also worth noting that the sportsbook will automatically do this for you and often, allow you to see potential returns before placing a bet.

Let’s continue with the parlay in the section above to see how the payout would work.

In this parlay bet example, the odds would be 5.34 or +434 in American odds. So, if you staked $100, you would make a $434 profit, assuming the bet won.

The potential for a parlay bet is huge, but you need to make sure that all your picks are strong to be successful. One of the biggest issues we see is that people are too keen to boost odds by adding more picks, vastly reducing the likelihood the bet will win. We talk more about this in our parlay betting strategy later.

Parlay Betting Examples

One of the easiest ways to learn about parlay sports betting is to work through examples. Below we’ve included 2, 3, and 4-leg bets adding a single leg each time to highlight how adding just one more pick makes a huge difference to the odds.

2-Leg Parlay Bet

We’re going to start with two picks from an upcoming NBA game and a Premier League soccer game. Both are favorites, which keeps the odds relatively low to begin with.

Pick	Odds
Cleveland Cavaliers to beat Boston Celtics	1.80
Manchester United to beat Everton	1.50
Total Parlay Odds	2.7

3-Leg Parlay Bet

For the third leg, we’re going to add in a horse to win the upcoming Kentucky Derby in the form of Forte, who is likely going to head off as one of the favorites priced at 7.00. As you can see, just by adding selection we’ve now got three favorites and a large total price.

Pick	Odds
Cleveland Cavaliers to beat Boston Celtics	1.80
Manchester United to beat Everton	1.50
Forte to win Kentucky Derby	7
Total Parlay Odds	18.9

4-Leg Parlay Bet

Our final pick is going to be the winner of the next Super Bowl. This is the Kansas City Chiefs, who are relatively short-priced at 4.5, but still a strong favorite.

The price now jumps massively and all we’ve added into our parlay bet is 4 selections who are all favorites to win. This is the beauty of the bet type.

Pick	Odds
Cleveland Cavaliers to beat Boston Celtics	1.80
Manchester United to beat Everton	1.50
Forte to win Kentucky Derby	7
Kansas City Cheifs to win the Super Bowl	4.5
Total Parlay Odds	85.05

If we were to convert this total price to American odds it would be +8405, meaning that if we wagered just $10, we would make a profit of $840.50.

How to Place a Parlay Bet

We’re going to take our top-ranked parlay betting site, BetOnline, to show you how easy it is to place a parlay bet. Also included in this section is how to open an account and claim a welcome bonus worth up to $1,000.

1.   Enter the BetOnline Site

You first need to enter the BetOnline site to register your new account. Click on the green “join” button at the top of the page.

2.   Create an Account

A pop-up will appear asking for information about your account. Complete it and then make sure all the details are correct as you may need to verify your account before you withdraw.

3.   Deposit and Claim Welcome Offer

Once the account has been set up, head to the cashier, and make a deposit. The options available to you may be limited based on your location, but this will be highlighted once you’re in the cashier. Confirm your payment method and choose the welcome bonus that’s linked to it. Use the BetOnline promo code BOL1000.

4.   Choose Your Picks

Now that your account is funded, navigate through the BetOnline sportsbook, and find the picks that you want to include with your bet. Click the odds to add to the bet slip. The bet slip will save your picks regardless of where you move about the site.

5.   Confirm Your Bet

When you’ve loaded your bet make sure the “parlay” tab is selected at the top. Enter your stake in the “Risk” box and then confirm. The “Win” box will highlight how much you are set to win based on your stake. Click “Place bet” at the bottom and you are done.

Types of Parlay Bets

Parlay bets are relatively straightforward, however, there are a couple of alternatives to the bet type that works within the same family, which we’ve outlined below.

Round Robins

Round Robin bets are a series of concurrent bets that are all linked to the same parlay. This creates a series of smaller bets, which means that instead of your whole bet losing should one line let you down, there are multiple other combinations that could still make you a profit.

Depending on how many picks you include in your bet will depend on the number of rounds included. The more picks, the more rounds. But the stakes work differently and with this, you bet per line, which can make them expensive.

The combinations will differ based on the bet type and number of picks. The most common are groups of twos and threes, but this can be increased depending on the number of picks.

For this parlay bet example, a four-team parlay might look like this:

• Team A to win
• Team B to win
• Team C to win
• Team D to win

A single parlay would need all results to win for the bet to win. A Round Robin with a 2 and 3 combination, would include the following bets:

• Team A x Team B
• Team A x Team C
• Team A x Team D
• Team A x Team B x Team C
• Team A x Team B x Team D
• Team B x Team C x Team D
• Team B x Team C
• Team B x Team D
• Team C x Team D

This would create 9 bets in total and you would be required to bet per line. So, if your stake was $10 per line, your total bet would be $90.

Round Robins provide coverage in case a game loses. However, it only takes two or more to lose to put significant dents in the overall return.

Teasers

Teaser bets have been designed to encourage punters to create a parlay in exchange for a better point spread line. Given that the likelihood of a parlay to lose increases the more picks, the sportsbook is essentially giving a better line to add more picks to your teaser bet to increase the number of ways you can lose.

For example, most teasers have two selections and in football, most sportsbooks give 6 points to the line. So, if a team was -9, they would move to -3 or if the over/under line was 52.5, this would move to 46.5,

You need to make at least two selections for a teaser bet, with some parlay betting sites allowing you to choose up to 10. Like a parlay, you need all selections to win for the teaser to pay out, which makes it a tough bet but does offer value if you think the line is overly generous in one direction.

Our Top Tips for Parlay Betting

We’ve included some parlay betting strategy below to aid you in essentially winning more from these bet types. Use the guide before you bet and apply this to your picks.

1.   Limit Your Picks

One of the easiest things to do with a parlay bet is to keep adding picks and see the odds rise. The lure of winning big is too much for some punters and the higher the stakes get, the more in favor of the betting site it becomes.

There’s no written rule as to how many you should choose, but think of it like this… would you back a horse priced at +2000 to win in a tough race? Likely not, as at that price, a place or each-way bet would be more appropriate. The more lines you include, the more unlikely your bet is of winning.

2.   Combine Short Prices to Find Value

One of the best uses of a parlay is to combine multiple short-priced bets to create a little more value. This is where parlay in betting can be very lucrative and instead of seeing no value in one -120 bet, find two and make them a little more appealing.

3.   Shop for the Best Odds

Small fluctuations in odds can have a huge effect on the bottom line of your parlay. It might not be the case that you can find the best price on all your picks at one sportsbook, but at least take the time to see what the prices would be at other sites and then choose the highest. You will be shocked how small differences in single prices really start to add up for combination bets.

Parlay Cards

Parlay cards are generally found in casinos, although they are starting to filter into online sportsbooks as well. They are essentially cards that include a range of bets you can include to create a parlay.

These cards come with fixed odds and the more you add in, the more the odds will continue to rise. They are targeted toward points and game lines, and once they are printed that is the line and the odds that you will get.

They can offer value when the line moves as the cards can’t be changed, meaning you get better odds/lines on the card than you would if you were betting online. However, this works both ways, so you can lose out just as often.

Popular Sports for Parlay Betting

Parlay in betting can be used across a range of sports. In this section, we’ve covered some of the more popular sports as well as the bet types and where best to place these bets.

NFL

Moneyline, spread and total bets are the most common when it comes to the NFL, and these are widely used for parlays. Game weeks are targeted at most of these markets which allow users to pick from a selection of games over the course of a weekend. BetOnline allows access to the same game parlays (one of few to do so) with NFL, making them an obvious choice.

NBA

The sheer volume of games and the fact that there are a lot of short-priced favorites in the NBA lend the league well to these types of bets. Like the NFL, the moneyline, spread, and totals bets are most common and again, BetOnline is the best betting site due to features such as same-game parlays and props builders.

MLB

The MLB follows a similar pattern to the NBA in that the games come thick and fast with short-priced favorites for the most part. Some interesting markets for this include prop bets such as total number of strikeouts and the spread. Bovada is the betting site of choice, mainly because of its market-leading odds within the MLB creating huge value.

NHL

The NHL is the biggest hockey league in the world. For parlays, lots of punters flock toward the puck line as these are often much smaller than the spread in the NBA or the NFL, meaning that there is generally more value to found. BetUS has a huge range of NHL games, but also covers games from around the world, including Asia and Europe to mix things up a bit.

Soccer

Soccer has one of the largest ranges of prop bets of any sports, so naturally works well with parlay betting. The MLS is the biggest league in the United States, but most bets are placed across Europe in leagues such as the Premier League, Serie A, Ligue 1 and La Liga. BC.Game has the biggest and best range of soccer markets to choose from, making them our top pick for soccer betting.

UFC

The UFC runs most weekends and generally has competitive cards. It’s another sport that has a lot of short-priced favorites, so creating parlay bets makes a lot of sense. Most punters will place a parlay that includes the results of all fights within the card for the event, which makes fights that are less interesting a little more appealing. The best betting site for this is BetOnline due to the global coverage of both UFC and MMA fights.

Esports

Esports is relatively new to parlay betting, but as the number of games increases, so does the bet types’ popularity. Games can be very competitive, which means that there’s not always a strong favorite. This allows punters to add in longer bets to create larger odds without the need to have a huge number of picks within the parlay.

Golf

Golf is synonymous with long-priced favorites (can be as high as +1500 for a tournament) which is not necessarily what you would initially link to a parlay. However, markets such as head-to-head and 3-ball bets can create an opportunity to create a parlay. Lucky Block has a huge range of both markets, which is why we rank them as the best for golf betting.

Horse Racing

Horse racing has traditionally included a huge range of parlay-type bets, such as trifectas and Yankees. The best markets to target are place bets, where you choose horses to place within the top two (sometimes three depending on the number of runners) across a racecard. However, the beauty of the bet is that you can tailor to this including horses from races from around the world. XBet is the best in the business for horse racing and would be our pick for betting on the sport.

Placing a Parlay Bet on Mobile

The increase in accessibility of mobile betting apps allows punters to bet on the go with mobile betting apps and sites. Parlay sports betting works in the same way on mobile as it would online, simply by adding selections to a bet slip and then choosing your stake.

The Best Parlay Betting Site

BetOnline has been voted as our best parlay betting site. The site offers multiple features that make it a standout, with them being one of few to offer same-game parlays. The ability to use their prop builder to create your own parlay bets is fantastic, along with some of the most competitive betting lines, creating huge value.

New accounts to BetOnline are going to get access to a welcome bonus worth up to $1,000. This bonus is a 50% match of your opening deposit and comes with a 10x rollover, making it very easy to clear.

Visit BetOnline Here

  This article was written for Business 2 Community by Jonathan Askew.
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Author: Jonathan Askew

Jonathan graduated from Northumbria University in 2007 with a degree in Business Marketing. Since then he has started, run, and sold dozens of online businesses in various niches. His expertise, however, lies in sports betting and has used his knowledge from playing multiple sports at a high level to create…

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