Best Parlay Betting Sites and Apps in December 2024

Best parlay betting sites promos and features

All of the top sportsbooks offer parlay betting. However, they don't all provide the exact same promos or features connected to parlay wagers. Finding the best parlay betting sites and taking advantage of the options below can increase the payouts on a winning bet or save your bankroll from taking a big hit on a losing bet.

In addition to the perks listed above, bettors can use the Fanatics Sportsbook promo code and receive a $1,000 welcome offer that can be used toward same-game parlays.

Parlay bonuses 💰

A parlay bonus awards additional cash — usually a specified percentage — to a winning wager's original payout. The size of a parlay bonus often increases if you add more legs to your parlay. For example, a four-leg parlay may pay a 10% bonus, while a five-leg parlay may pay 15%. 

Boosted parlays 📈

A boosted parlay allows you to improve the odds on your parlay bet and increase your potential payout. For example, a standard three-leg NFL parlay that has odds of +425 could be boosted up to +500.

Boosts are usually offered as promotions and connected to specific sports, leagues, or events. You'll find that NFL same-game parlay boosts are common at most sportsbooks.

One sportsbook where boosted parlays are especially common is Hard Rock Bet. Hard Rock Bet is especially generous with odds boosts when it comes to standalone NFL games, such as Thursday Night Football, Sunday Night Football, and Monday Night Football. Check out our Hard Rock Bet promo code page to learn more about the parlay boosts they offer.

Parlay insurance 🔒

Some betting sites will look to soften the blow from a lost parlay bet by offering parlay insurance. With this promo, if one of your legs falls through, you’ll receive some relief in the form of a partial return of your stake or bonus bets. Maximum betting limits often apply, but it's a good way to get a second chance if your parlay sinks.

Early cash-out 💸

Early cash-out can be convenient (and profitable) when betting on parlays. It's a feature that many modern sportsbooks offer, guaranteeing you some profit before all your parlay legs are finished.

Let's say you made a four-leg parlay for $20 at +500 odds. The winning payout would be $120. However, if two of your legs have already won and the other two are looking promising, the sportsbook may offer you a chance to cash out early for $85. You can take the guaranteed win or let it ride to try and win the full $120. But having a choice is always good. 

Top parlay betting sites reviewed

Editor's Note: Bonuses are for U.S. residents only. Bonuses are current offers and are subject to change.

Just because a sportsbook ranks among the best overall betting sites doesn’t mean it's automatically one of the best parlay betting sites. We examine specific features, promos, and user interfaces to determine the top platforms for parlays. Here’s our list of the premier options:

1. FanDuel 🔵

Bet $5, Win $150 in Bonus Bets

New customers only. Deposit min. $5. Place first bet of $5+ and win $150 in Bonus Bets (within 72 hours).

Claim $150

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

FanDuel invented the same-game parlay, first introducing the betting option to U.S. players in 2019. They later refined it with the SGP+ feature, letting you group SGPs from various games into one massive parlay wager. 

The sportsbook's experience with the feature helps it get many things right, including offering a swath of applicable markets and promo offers. New users can opt to make a parlay — same-game or otherwise — as the qualifying wager for the sportsbook's bet $5, win $150 in bonus bets welcome offer. No FanDuel promo code is necessary.

Here's what sets FanDuel's parlay system apart:

• 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.

For more information about the sportsbook beyond its parlay elements, read our FanDuel review. 

2. DraftKings 👑

Bet $5, Get $150 + $1K Deposit Bonus

Terms and conditions apply.

Claim $150

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

DraftKings doesn’t get the appreciation for its parlay offerings that some other sportsbooks do, but it's a solid choice for generous boosts, regular insurance offers, and pre-made selections. Additionally, first-timers can register with the sportsbook — no DraftKings promo code required — to redeem a bet $5, get $150 in bonus bets reward.

Here's what makes DraftKings' parlay experience unique:

• 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.

To get a big-picture perspective of the sportsbook, ensure you check out our DraftKings review. Or see who comes out on top in our FanDuel vs. DraftKings showdown.

3. bet365 🟢

Bet $5, Get $150 in Bonus Bets

Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling problem? Call 1-800-GAMBLER

Claim Now

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

Calling itself "The World’s Favorite Sportsbook," bet365 delivers a superior parlay builder. It’s sleek, efficient, and reveals the price change before you add a bet to your slip. New customers can test out the feature immediately after sign-up, and claim a bet $5, get $150 in bonus bets reward using bet365 bonus code SBRBONUS, too.

bet365 is currently offering an alternative welcome bonus, up to $1,000 first bet safety net if your first bet doesn't win. You can only pick one bonus, though, so choose carefully. 

To catch the eye of parlay bettors, bet365 pushes the following:

• 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

Scour our bet365 review for more intel on the sports betting platform.  

4. Caesars 🏛

Bet $1, Get 10x 100% Profit Boosts

New users only. Must use promo code. Min. $10 deposit. Max. additional winnings $2.5K per token. Tokens expire in 14 days. Void where prohibited. Full terms.

Claim Boosts

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

Caesars arguably delivers the best selection of parlay boosts of any sportsbook. It also hosts a massive number of NFL player props, drops regular parlay promos, and allows newbies to get started with a welcome bonus of ten 100% Profit Boost token after you bet $1 or more — use Caesars Sportsbook promo code SBRBONUSDYW during registration.

Here's how Caesars makes its parlays stand out:

• 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 additional expert insight and analysis, dig into our Caesars review.

5. BetMGM 🦁

Up To $1,500 Back In Bonus Bets

Bonus bets will expire in 7 days. One new customer offer only. Additional terms and conditions apply.

Claim $1,500

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

BetMGM has been in the sports betting game for a long time, and its reputation for sharp odds and top-tier bonuses — like its up to $1,500 First Bet Offer sign-up bonus via BetMGM bonus code SBRBONUS — has carried over to its parlay offerings.

Here's what to love most about how BetMGM handles parlays:

• 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're interested in discovering more about the platform, rifle through our BetMGM review.  

6. BetRivers ⚡

Up to a $500 Second Chance Bet

Terms and conditions apply.

Claim $500

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

BetRivers ranks among the top sportsbooks for daily promos and bonuses — including its new-player offer — a $500 second-chance bet that can be claimed via BetRivers bonus code SBRBONUS. While not all its promotions may be specific to parlays, they can still help you maximize your profits.

BetRivers does the following to engage 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.

Scan our thorough BetRivers review to garner additional details about the sportsbook.

For more info and bonus details on parlays, check out the Fanatics Sportsbook promo code, Borgata promo code, and Hard Rock Bet promo code pages.

How to place a parlay

Placing parlays is a relatively simple process. After you've chosen your preferred sports betting apps, simply follow the step-by-step process below:

1. Select a sportsbook and register online

Once you have researched and selected an online sportsbook that's right for you, sign up and follow the prompts. You'll need to have key personal information ready to avoid delays, such as your email and mailing address, date of birth, full name, and social security number.

2. Deposit and claim a bonus

After you've set up your new account, you'll need to deposit funds. The best parlay betting sites will offer plenty of banking options, including credit and debit cards, PayPal, and e-wallets. 

To claim the welcome bonus offered by your sportsbook of choice, read the offer's terms and conditions to guarantee you meet all deposit and wager requirements. The terms and conditions also have useful information like the bonus expiration date.

3. Select and finalize your bet

With your real-money funds ready and waiting, you can now place your first bet. Locate the sport and game of your choice, and find the options for “Same Game Parlay” or “Parlay Builder.” Don’t forget to capitalize on the best sportsbook promos for new users during this stage.

If you're having trouble deciding what to wager on, take a look at our experts' NFL picks for unparalleled insight throughout the season.

4. Withdraw your payout

Few things are better than the feeling of hitting your parlay, but watching your winnings arrive in your bank account has to top the list. Return to the cashier to request a withdrawal, but keep in mind that even the best online sportsbook for payouts may take 24-48 hours to process your transaction fully. 

How to pick the best parlay betting sites

The list of sports betting sites that offer parlays is long. So, you'll want to look for options with an easy-to-use mobile app, generous promos and bonuses, sharp odds, secure banking methods, and top-notch customer service. 

Mobile experience 📱

Most people will choose to bet on parlays using a sportsbook’s app or via the website on their mobile device. An app or optimized website with a seamless user experience is critical to building same-game parlays quickly and efficiently. Ensure you pinpoint options that are reliable, navigate smoothly, and contain all the features you're looking for.

Betting odds 📈

Different sportsbooks will host different betting odds — this is also true for other markets, such as NFL futures or Super Bowl odds — based on the handicapping done by the site's oddsmakers. Therefore, doing your due diligence and line shopping at multiple sportsbooks before locking in any wagers is essential.

Promos and bonuses 💰

Legitimate sports betting sites provide a variety of promotions and bonuses, from new-user offers to event-specific rewards — like Super Bowl betting promos. Once you've made your initial deposit, you can claim these benefits to enhance your betting experience. Just make sure you read the terms and conditions associated with any promo.

Banking 🏦

Identifying which parlay sportsbooks offer your desired banking methods and which have quick payout speeds is a must. A few of the most popular banking options include credit and debit cards, PayPal, ACH transfers, and e-wallets.

Customer service 📞

Occasionally, you may encounter issues navigating online betting sites that require assistance. That's where a quality customer support team is invaluable — search for one that's accessible through a variety of channels, such as live chat, email, phone, and social media.

States with legal parlay betting

Sports betting — online, retail, or both — has been legalized and is active in 38 states plus Washington D.C., with all of those regions offering parlays. As of November 2024, sports betting is also legal in Missouri, but it is not yet active. Refer to the chart below to discover which states will permit you to start building your multi-legged bets:

Super Bowl parlay bets

The Super Bowl is probably the one single sporting event that sees the most parlay bets placed on it. The sportsbooks all have the usual betting options for the big game, like moneyline, spread, and totals. However, they go above and beyond, offering a literal smorgasbord of game and player props, including much-beloved novelty props. 

In 2024, you could have parlayed multiple picks, like Chiefs to win, Patrick Mahomes to throw at least two touchdown passes, and Travis Kelce to notch at least 73 receiving yards. Or maybe a Brock Purdy prop?

Or you could have opted for something a little more unconventional, like the national anthem going over 87.5 seconds, Usher opening the halftime show with his hit song "Yeah!" and the MVP of the game thanking his teammates first in his post-game speech. 

Bet types that make a parlay

Following their introduction a few years ago, parlays have become highly popular with bettors. Though risky, serious profits can be made by picking bet types that complement each other. Here are a few of the most popular:

Moneyline

Wagering on a moneyline means you're picking a team to win a game outright. The favorite will be marked with a minus (-) symbol, while the underdog will be labeled with a plus (+).

Point spread

When you bet on a team's margin of victory or defeat, you're betting the spread. If you choose the favorite to win, you'll be hoping they do so by more than the provided number, and vice versa for the underdog.

Over/Under (totals)

For every game, online betting sites will attach combined point totals to them, called Over/Unders or Totals. Your aim here is to successfully predict if the total amount of points will end up over or under the given number.

Props

Arguably the most creative bet type you could add to your parlay, prop bets aren’t tied to the result of a game. Instead, they’re connected to a single player’s performance or one element of the contest. For a more in-depth look at this bet type, check out our guide on the best prop betting sites.

Boosted odds parlays

All of the best same-game parlay betting sites now offer boosted odds on a wide selection of SGP picks every single day. You'll typically see them front and center on the home screen of the app or website version of your favorite sportsbook.

Boosted odds SGPs are a pre-determined set of picks that will provide a higher payout if they all hit. Sometimes it feels like these picks are thrown together randomly without much game analysis. Don't be swayed by just any SGP that was boosted from +400 to +650. Take a deeper look at the picks before you bet, as oftentimes sportsbooks put up bets that seem like no-brainers to entice less experienced bettors.

On a more positive note, boosted odds can be a great way to maximize your profitability. If you see a boosted SGP that you like, don't hesitate to grab the more favorable odds. 

More parlay betting resources

Now that you're up to speed on the best parlay betting sites, it's vital to go over the sports betting basics, particularly if you're new to the space. You should also research which sportsbook you want to use, whether it's one with great Super Bowl promos or one of the amazing March Madness betting sites. 

You'll want to have the following guides read before you make any advanced wagers: