Parlay betting is one of the most exciting ways to engage with sports in the US. By combining multiple bets into a single wager, bettors have the chance to win big from relatively small stakes. However, not all sportsbooks treat parlays the same way. Differences in odds, maximum payouts, available sports, and bonus features can significantly impact your overall returns.
Whether you’re betting on the NFL, NBA, MLB, or college sports, choosing the right sportsbook is crucial for successful parlay betting. Some sites offer enhanced parlay odds, same-game parlay builders, or special promotions that can make your bets more profitable. Conversely, other sportsbooks may impose restrictions or lower payouts that reduce value.
Also Read: NFL Draft betting guide: First pick odds, player props, and surprises explained
In this guide, we break down the top sportsbooks for parlay betting in the US, comparing features, bonuses, odds, and usability. Our goal is to help US bettors make informed choices and maximise the potential of their parlay wagers.
1. DraftKings Sportsbook
- Parlay features: Offers both traditional and same-game parlays.
- Promotions: Regular parlay boosts for major leagues like NFL and NBA.
- Max payout: Generous parlay limits, varying by sport.
- Why it’s great: User-friendly interface with easy parlay builder and strong mobile app.
Pro tip: DraftKings frequently offers “parlay insurance” promos, refunding small losses on certain parlays.
2. FanDuel Sportsbook
- Parlay features: Wide selection of same-game parlays, including player props.
- Promotions: Parlay boosts every week on NFL, NBA, and MLB games.
- Max payout: Limits vary by sport; supports multi-leg parlays effectively.
- Why it’s great: Clean interface, excellent app performance, and bonus structures designed for parlay bettors.
Pro tip: FanDuel allows bettors to combine multiple player props in one parlay, increasing potential payouts.
3. BetMGM Sportsbook
- Parlay features: Offers standard parlays, round robins, and same-game parlays.
- Promotions: Frequent parlay boosts, including enhanced payouts on 3+ leg bets.
- Max payout: Generous parlay limits; high max payouts for major sports.
- Why it’s great: Combines solid odds with advanced parlay tools, ideal for both beginners and experienced bettors.
Pro tip: BetMGM often provides insurance on losing parlays of 3+ legs, giving bettors a second chance.
Also Read: How many bets one should make on an average weekend?
4. Caesars Sportsbook
- Parlay features: Standard and same-game parlays available across all major sports.
- Promotions: Parlay boosts on weekend NFL and NBA games.
- Max payout: High maximum payouts for multi-leg bets.
- Why it’s great: Reliable sportsbook with long-standing reputation, plus attractive loyalty rewards for regular bettors.
Pro tip: Caesars offers enhanced odds and rewards points on parlays, adding extra value for frequent users.
5. PointsBet
- Parlay features: Known for unique points-based betting and same-game parlays.
- Promotions: Daily parlay boosts and “PointsBet Boosts” on select games.
- Max payout: Competitive limits, particularly on NFL and NBA parlays.
- Why it’s great: Innovative betting options, including “Name a Bet” feature that allows custom parlays.
Pro tip: PointsBet’s parlay builder allows for creative combinations, ideal for bettors looking to experiment with higher-risk strategies.
FAQs
Q1: What is a parlay bet?
A parlay bet combines multiple individual bets into one wager. All legs must win for the parlay to cash. Parlays offer higher payouts than single bets but come with increased risk.
Q2: Can I use player props in parlays?
Yes. Many US sportsbooks, including FanDuel and DraftKings, allow player props to be included in same-game parlays.
Q3: Do all sportsbooks have the same parlay rules?
No. Each sportsbook sets its own maximum leg limits, payout caps, and eligible bet types. Always check the rules before placing a parlay.
Q4: What are parlay boosts?
Parlay boosts are promotions where sportsbooks increase potential payouts on select multi-leg bets. They’re often available on NFL, NBA, and MLB games.
Q5: Which sportsbook is best for beginners?
DraftKings and FanDuel are ideal for beginners due to user-friendly parlay builders and frequent promotional offers.
