Freebet Parlay

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All you need to do is opt-in and place a 4-7 leg parlay on any combination of sports or event. Get a $10 Free Bet Every Week! Opt in to the Money Monday Club and receive a $10 Free Bet when.

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  1. BetMGM Unveils One-Game Parlays. Just in time for Super Bowl 55, you can not only get a $600 risk-free but also play one-game parlays with BetMGM. Parlays are not a new thing to sportsbooks; these are the multi-legged bets where every single wager or leg needs to hit in order for you to win. However, oftentimes, sportsbooks do not allow parlays.
  2. NFL Betting Strategy Course 106 Among the many ways one can bet on the NFL, parlays are one of the most popular. The lure of a larger payout from accurately predicting the outcome of two or more offerings together instead of just one entices many recreational NFL bettors.

EDITOR’S NOTE: THIS OFFER HAS EXPIRED

The end of the NFL season usually brings the end of the best sports betting promotions of the year. However, DraftKings Sportsbook is keeping the action going into the spring with a great deal for new bettors.

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From now through the end of the NBA season, DraftKings will offer parlay insurance for parlays of five or more legs. If only one leg of the bet misses, the site will refund the bet as site credit, up to $25.

This is a great opportunity to try out one of the best legal sportsbooks in the US.

How does parlay insurance work?

If you live in a state where DraftKings Sportsbook operates, it’s really easy to sign up for an account. Follow the steps with your email, ID, and other info. You’ll also get a free $25 bet just for signing up.

Once on the site, deposit money through a bank account, credit or debit card, or other means. It can be done in-person at a partner casino as well.

Give yourself some time to go over all the betting options DraftKings offers. Putting together the parlay card is simple. DraftKings shows its menu online with easy-to-read prices and figures. Each leg must be -300 or higher, so while you can take the Clippers at -240 in Cleveland, you can’t take Philadelphia at home where they’re -800 against the Bulls.

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Use one bet per game for the parlay card. Combining a total and a moneyline for a single game won’t work. However, players can use games from multiple leagues and sports.

Here’s an example of a parlay card from this year:

  • Over 6 goals between the Los Angeles Kings and New York Rangers (-105)
  • Atlanta Hawks -4.5 on the point spread against the New York Knicks (-112)
  • Ja Morant to score 18 or more against the Wizards (-115)
  • Los Angeles Clippers moneyline against Cleveland Cavaliers (-240)
  • Miami Heat to cover 5.5 points against the Portland Trailblazers (-110)

The total payout on this bet is +1789 (nearly 18-to-1). However, if one leg misses, a free bet up to $25 will be credited to the account.

The insurance isn’t a one-shot deal like other sites run for promos, either. Players can use this up to four times a day. Payouts come on the next business day to the accounts

Parlay insurance rules

Free Bet Parlay Rules

While this is a great deal, there are some rules. This has to be a straight parlay card with five as-is bets. No teasers, no round-robins, no odds boosts, and no free bets in the mix. Attempts to cash out while the parlay is still active will nullify the chance to get the insurance.

Parlays have become increasingly popular for bettors. If you like to take some shots to build your betting bankroll, parlay insurance will help soften the blow of a few close calls.

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

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Freebet Parlay

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In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

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The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).