Best Parlay Betting Sites & Apps 2024
A parlay combines two or more bets to create a single wager. If you nail each pick, you can collect a large profit from a relatively small bet. These wagers are risky, as the entire parlay fails if just one leg is incorrect, but the rewards can also be substantial.
This guide highlights the top six sportsbooks for anyone interested in placing parlay bets. We will discuss the key features of each site, along with the parlay bonuses they provide.
Best parlay betting sites
Parlay sportsbooks & apps
Our experts have identified six legal online sportsbooks that make it quick and easy to place parlay bets. These sites offer standard parlays, plus same-game parlays, teasers, and round robins.
DraftKings parlay betting
Parlays are available on more than 20 sports at DraftKings. You can place standard parlays on everything from Aussie rules to water polo. Same-game parlays are available for football, basketball, baseball, hockey, and soccer, and there is also a same-game parlay plus option.
DraftKings gives bettors more options than most rivals when it comes to how to bet on parlays. It is easy to create parlays within the betslip, and the cumulative parlay odds are competitive. We also found parlay boost tokens and same-game parlay boosts when browsing the app, and it also sometimes offers same-game parlay insurance.
| DraftKings Sportsbook promo | Up to $1,200 in bonus funds plus the king of the court profit boost. |
| Promo code | No promo code — claim here |
| Minimum legs | Two |
| When do bets get limited? | The maximum win at DraftKings is $1 million on the NFL, the NBA, and MLB, $500,000 on major soccer leagues, and $250,000 on the NHL. |
| Same-game parlays? | Yes |
FanDuel parlay betting
FanDuel Sportsbook places a heavy emphasis on parlays. You will find parlay suggestions on the homepage, and there is also a dedicated parlay hub within the app. This section highlights popular parlays placed by fellow bettors, and you can filter them by sport, odds, or bet type (parlay, SGP, or SGP+). Parlay promos are regularly available, including same game parlay profit boosts, parlay insurance, and odds boosts on specific parlays.
| FanDuel Sportsbook promo | Bet $5, get $150 in bonus bets if your bet wins + 3 free months of NBA League Pass. |
| Promo code | No promo code — claim here |
| Minimum legs | Two |
| When do bets get limited? | For all available events, the maximum win is $1 million. This includes straight bets, parlays, and same-game parlays. |
| Same-game parlays? | Yes |
BetMGM parlay betting
BetMGM is another high-quality sportsbook for parlay bettors. The simple betslip makes it easy to build regular parlays, SGPs and SGP+ wagers. There is also a useful “edit my bet” tool, which allows you to change selections with parlays that you previously placed. You can often find attractive early cash-out options on active parlays at BetMGM, too. There are occasional parlay profit boost tokens, and you will earn BetMGM Rewards points on each parlay you place.
*Bonus bets expire in 7 Days. One new customer offer only. Add’l terms.
| BetMGM Sportsbook promo | Up to $1,500 in bonus bets paid back if your first bet does not win |
| Bonus code | PLAYLSR |
| Minimum legs | Two |
| When do bets get limited? | BetMGM has an official maximum bet amount of $10 million, but it restricts bet sizes on an individual basis. You can add up to 15 legs to a parlay, but BetMGM may only permit you to wager a dollar or two on that bet. |
| Same-game parlays? | Yes |
Caesars Sportsbook parlay betting
This is the best sportsbook for parlay beginners. The betslip is user-friendly, making it easy to create parlays, teasers, and round robins. If you get stuck, you can contact customer service 24/7 via phone or live chat. We tried it out, and the agents walked us through the process of creating a parlay, using clear, simple terms. There are also odds boosts on several parlays each day at Caesars Sportsbook, although it does not offer as many options for same-game parlays as BetMGM and DraftKings.
| Caesars Sportsbook promo | Bet $1, double your winnings on next 10 wagers |
| Promo code | LSRDYW |
| Minimum legs | Two |
| When do bets get limited? | Payouts are capped at $1 million on NFL, NBA, and MLB parlays, with lower limits on other leagues. |
| Same-game parlays? | Yes |
Bet365 parlay betting
Bet365 will boost the profit on every single winning parlay you place. This includes a 2.5% boost on a two-leg parlay, 5% on a three-leg parlay, and so on. If you nail a 20-leg parlay, you’ll receive a 100% boost, up to a limit of $150,000. This sportsbook also offers odds boosts on hundreds of same-game parlays each week. The odds on parlays, SGPs, and SGP+ bets are competitive. Bet365 offers SGPs on more sports than rival sites, too, from NFL and NBA games to Australian rules football and niche soccer leagues.
| Bet365 Sportsbook promo | Bet $5, get up to $150 OR a first bet safety net up to $1,000 |
| Bonus code | LSRVA* |
| Minimum legs | Two |
| When do bets get limited? | Bet365 has a maximum win limit of $5 million. All successful parlays will be boosted by between 2.5% and 100%, but the maximum boost you can receive is $150,000. |
| Same-game parlays? | Yes |
Fanatics Sportsbook parlay betting
Fanatics Sportsbook runs an excellent rewards program for parlay bettors. You will receive 1% FanCash for every straight bet you place on the app, compared to 3% for parlays and 5% for same-game parlays. Bettors can exchange the FanCash for bonus credits, or you can use it to purchase items online at the Fanatics store. The “discover” section of the app also highlights trending parlays, and the process for creating these bets is simple.
| Fanatics Sportsbook promo | Bet and get up to $1,000 in no sweat bets |
| Promo code | No promo code |
| Minimum legs | Two |
| When do bets get limited? | The maximum payout on all events is $1 million, including parlays. |
| Same-game parlays? | Yes |
How do I sign up at parlay betting sites?
It should only take a couple of minutes to sign up at an online sportsbook to place a parlay. Follow these steps to get started:
- Choose one of the legal parlay betting sites featured on this page and click “play now.”
- When you land on the site, open the sign-up form and select your state if necessary. You can then enter your email address and choose a password.
- Provide some basic personal details, including your name, address, date of birth, phone number, and the final four digits of your Social Security number.
- If the book asks for a promo code — such as LSRDYW at Caesars Sportsbook — enter it where prompted.
- Accept the site’s terms, agree to the privacy policy, and complete the form.
You should receive immediate approval if you entered your details correctly. If the sportsbook’s automated system cannot validate your identity, upload the documents that it requests, such as your driver’s license and a recent bill, and it will approve you manually. You can then make a deposit and start building a parlay.
Differences between parlay sportsbooks
| Sportsbook | Same-game parlays | Regularly offers parlay boosts | Parlay hub within the app | Sometimes offers parlay insurance | Edit open parlays? |
| DraftKings | ✅ | ❌ | ❌ | ✅ | ❌ |
| FanDuel | ✅ | ✅ | ✅ | ✅ | ❌ |
| BetMGM | ✅ | ✅ | ❌ | ✅ | ✅ |
| Caesars | ✅ | ✅ | ❌ | ❌ | ❌ |
| Fanatics | ✅ | ❌ | ❌ | ❌ | ❌ |
| Bet365 | ✅ | ✅ | ❌ | ❌ | ✅ |
Where can I legally place a parlay bet?
Sports betting is now legal in 38 states, plus the District of Columbia and Puerto Rico. You can legally place a parlay bet in all of those jurisdictions. These are the states that currently permit sports betting:
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- Florida
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Mississippi
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Most of those states have legalized online sports betting, but some only allow you to place parlay bets in person.
Parlay sites FAQ
Parlays are popular because they give you a chance to win a large payout from a relatively small bet. You can combine multiple predictions to form a single wager, and the profit from each correct pick will roll over to the next leg, which can lead to large profits. However, these bets are riskier than straight bets.
Parlays can be fun, but they are best enjoyed in moderation. Sportsbooks typically earn a larger margin on parlays than straight bets, as these wagers tend to carry a substantial house edge. If just one leg fails, your entire bet loses, so it can be tricky to create a successful parlay.
The best bonuses include parlay boosts and parlay insurance. A parlay boost will increase your profit from a successful bet. Meanwhile, parlay insurance will qualify you for a refund, in the form of bonus credits, if your parlay is unsuccessful but still meets certain criteria — for instance, losing by one leg only.
Yes, you will need to pay taxes on any parlay winnings. The IRS treats gambling profits as taxable income, and you may also be liable to pay state income tax, depending on where you live. However, gambling losses can be deducted from gambling winnings, so it can be beneficial to consult a tax professional before filing your return.