Betting On A Parlay

Parlays are one of the most common types of bets placed at online sportsbooks. Parlays are a combination of multiple bets that allow players to get better odds and win bigger at legal sports betting sites. Players do not just get the improved payouts without any added risk, as every bet (commonly referred to as “legs”) must be successful for players to get paid out. Odds for parlays improve as players add more risk, whether that is more legs or by picking individual legs with a worse chance of success. This ability to influence odds on parlays can make some payouts extreme. Despite the large payouts that are possible, some legal sportsbooks actually prefer that their players create parlays rather than betting on each leg individually. That’s because the added risk parlays bring often make them the most profitable bets at legal betting sites.

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Best Online Sportsbooks For Parlays

There are a few different factors that go into finding the best online sportsbooks for parlays. Trustworthy legal sportsbooks online are the best starting point for players looking to create parlays. Then players need to be able to place standard parlays and round robins. Finally, players need sportsbooks with high maximum payouts so that they can actually receive the funds. The sites below accept US players and fulfill those requirements, making them the best online sportsbooks for parlays.

What Sportsbook Have The Best Odds For Parlays?

The odds for parlays are dependent on the picks that users are adding to them, but many legal sportsbooks for parlays do have payout charts that indicate the odds given when a parlay is only made up using bets with -110 odds. The -110 odds point is key, as the majority of bets on the spread or the total of a game have those odds. Not all sportsbooks offer the same payouts for parlays. The table below shows that Bovada has the best odds for a parlay at -110 odds. BetOnline comes in a close seconds. The sportsbook with the best parlay odds will have a * next to it.

Comparing Sportsbook Odds For Parlays

What Are Same Game Parlays?

All of the best betting sites in the US offer same game parlays. Players can combine different player props and game lines into one parlay slip. The Bovada Prop Builder tool is one of the best ways for players in the US to bet same game parlays. These are great for bettors that want to lock in on only one matchup. It is worth noting that some sportsbooks will reduce the odds on same game parlays because certain player props correlate heavily to other outcomes also happening (think quarterback passing yards and receiving yards by one of their receivers). Same game parlays are the best way for bettors to include player props in their parlays

What Are Round Robin Parlays?

Round robins are a relatively new feature at many parlay betting sites in the US. Round robins are effectively a simple way to place multiple parlays at once. Players typically choose between three and eight bets that they like and then choose how they would like to round robin them. Round robins are a combination of smaller parlays made of bets that a player chooses. For example, players could select six bets and then create every combination of five pick parlays in one round robin. By creating every possible five-team parlay, players are effectively hedging their bets because they can still cash if one bet is unsuccessful.