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How To Parlay On Caesars Sportsbook

Author:

Alex W

Updated:

30-03-22

Huge sports fan. Football & MLS fanatic. Lover of all things gambling - Sports betting, Casino, Poker and of course, Las Vegas.

Caesars Sportsbook has quickly grown to be one of the most popular sports betting sites in the US. It’s packed full of exciting betting features and a ton of betting options, including parlays. If you are new to Caesars, you may have heard about parlay betting but are not sure what one is, or how to bet parlay with the book. That is where we come in.

One of the most popular sports wagers among players is the parlay bet. The best apps to parlay bet will allow you to place parlay bets on the NFL, NBA, MLB, and other significant leagues. With there being so many sports wagering sites now available, it would be a shock to find an online sportsbook that won’t let you bet parlay, as they have grown to be a favorite option among bettors.

Many betting sites offer you the chance to parlay bet on a sporting event, and the Caesars sportsbook sports betting app is one of the best in the country. The brand is known for its online casino platform in addition to its excellent sports betting options. When you download the Caesars sportsbook app, you can take advantage of the generous welcome bonus, free bets, and the legendary Caesars reward scheme. Caesars also offers different types of sports wagers such as a straight bet, futures bet, propositions, teaser, round-robin, points spread, and money line.

How to bet parlay on Caesars sportsbook – easy guide

This detailed step-by-step guide will provide you with all of the crucial information required if you are looking to parlay on Caesars sportsbook. We will cover how to bet parlay on Caesars sportsbook, how to do a 5 team parlay on Caesars sportsbook, how to cash out a parlay on Caesars sportsbook, and more.

Step 1: Create a Caesars Sportsbook Account or Sign-In

Before you can hopefully place some winning wagers, you must sign in or register a Caesars’ betting account. The Caesars online sportsbook is currently available in several states including Indiana, Iowa, Colorado, New Jersey, New York, Michigan, Tennessee, Virginia, and West Virginia, with more states on the horizon.

A Caesars sportsbook parlay is a real money bet, so you must be present within the state lines of the above states. Players who are at least 21 years old or more are eligible to create an account.

Caesars parlay guide

You can sign up today for your account at williamhill.com and use the Caesars sportsbook promo code GUSACZR to get a $1500 free bet. When you are taken to the Caesars homepage, click the ‘Play Now tab, then click ‘Sign Up. To complete the registration process, you are required to provide some personal details such as name, address, email, and birth date.

Once your account has been set up, now you can take advantage of the welcome bonus. You must make the first qualifying deposit and place your bet. On your first wager, you will receive a $5,000 risk-free bet. Before checking out the money odds and submitting bets, you must add funds to your account. You can make a Caesars sportsbook deposit money using a credit/debit card (Visa and MasterCard), Caesars Play+ prepaid card, ACH (e-check), or cash at the Caesars’ partner casinos cage.

Step 2: How to add Bets to your Bet Slip

Once your account has been verified, you can then look at the numerous betting options and look to place your wagers. If you are wondering how to do Parlay bets on Caesars sportsbook, the following information is how you get going. The first thing to do is find the sports market you are interested in. On the left-hand side of the page, you will find all sports markets available to bet on at Caesars.

There is plenty to choose from at Caesars, and it is entirely possible to add numerous sports into your overall parlay. These can include games from the NBA, NFL, MLB, or soccer matches. You need to Select the sports/games you want to bet on and click the odds you want to play. Just tap the box with the plus or minus in to add the selection to your Betslip.

Odds box Caesars

The selections will then be added to your bet slip automatically. You can add as many choices to your bet slip as you like.

Step 3: Create Your Bet

As you add your selections, you will be able to check the combined odds in the parlay section of the betslip. Additionally, you can include totals in the parlay bets. Next, enter the stake amount into the parlay wager box within your bet slip. This will then trigger the potential payout amount to appear with respect to your selections and stake.

It is worth checking the Caesars sportsbook parlay limit and whether the Caesars sportsbook cash-out options are available on your wager before you lock in your choices. Some markets could have restrictions in place for specific parlay bets, so always read the fine print before confirming your selections.

The parlay bet box is filled with key information. It contains a space for how much you want to wager, in addition to the odds next to the matches. There are also Caesars sportsbook parlay payouts you could potentially win that appear as you add selections to the entire bet. If you want to maximize your earnings further, you could utilize a parlay calculator to show you how valuable a straight bet is compared to a multi-game parlay on Caesars sportsbook.

For example, if there were basketball games taking place tonight, you could pick:

Miami Heat on Money Line at -200
Washington Wizzards money line at +160
New Orleans Pelicans at +120

Wager $100 and if your parlay comes in, you would get $858

Step 4: Place your Wagers

Once you are happy, the next step is submitting your wagers. First, recheck all the selections along with the potential payout, then hit the ‘Place Bet’ button. If you have claimed the opening risk-free bet offer, you can cash it in before submitting.

If you experience any issues with the Caesars sportsbook parlay not working, or you are wondering how does parlay insurance work on Caesars sportsbook, there is no need to worry. A comprehensive FAQ section on the Caesars sportsbook covers these topics if you require assistance.

What is a Parlay in sports betting?

Before getting clued up on how to place a parlay bet on Caesars sportsbook, it is worth knowing what this type of bet involves. Parlays are among the easiest types of bet to understand. A parlay bet is a single wager that links two or more wagers. However, the catch is that you must win all the wagers in the parlay to win the bet.

The benefit of this format is that your odds will be enhanced when you combine multiple bets. On the flip side, the downside is that it only takes one leg to fail for the whole to lose. It is a high-risk, high reward type of approach.

What is a Same Game Parlay on Caesars?

If you want to know how to do a parlay on Caesars sportsbook, it is important to know all the variations of the wager available. A same-game parlay (sometimes called a SGP) does exactly what it says on the tin: a parlay featuring multiple bets from the same game.

Ahead of the 2021 NFL season, Caesars announced that bettors could place same-game parlays on sports such as basketball and football. It is expected that the operator will extend this option to other sports in the future.

When placing same game parlay bets, you can combine a lot of wagers, but you can’t combine contrasting bets. For example, if the Dallas Cowboys are playing against the Green Bay Packers, you can’t combine the Cowboys win, and a Packers win in one bet.

Here is an example of a same game parlay that you can place at Caesars sportsbook:

  • Spread/ Seattle Seahawks -3.5 (-105)
  • Total Points/ Over 43.5 (-110)

Parlay odds: +273

If the Seahawks cover the spread and the game produces over 44 points, then a $100 wager will make $273.

How to Same Game Parlay with Caesars Sportsbook?

It is really simple to get started with placing an SGP on Caesars sportsbook. Once you are on the homepage, you have a few options. You can either take a shot on an NFL Same Game Parlay, or give an NBA Same Game Parlay a try. We will concentrate on the NFL Same Game Parlay process here.

Let’s take a NFL game between the Kansas City Chiefs and the Las Vegas Raiders. Navigate to the ‘Football’ category on Caesars and click on the game. Then, choose the  ‘Same Game Parlay’ tab from the menu of wagering markets.

From browsing the odds, you can start to put together your Caesars Same Game Parlay. It could look something like the below:

Las Vegas Raiders @ Kansas City Chiefs

  • Las Vegas Raiders Moneyline (+110)
  • Over 55 total points (-110)
  • Derek Carr over 1.5 Passing Touchdowns (-170)
  • Josh Jacobs Over 20.5 Total Receiving Yards (-115)

When you combine the above scenarios, you build a Same Game Parlay at (+900) odds. Consequently, if you wager $50 on this Caesars SGP you could earn a potential $500.

How does a Same Game Parlay work with Caesars?

A simple parlay wager combines two or more selections from different contests into one bet. The same game parlay performs the same function, but all of the choices must be from the same game. For instance, the same game parlay often links outcomes like over/under points, home team points, half-time result, QB passing yards, point spread, and individual player props from the one game.

As with any other parlay in sports wagering, the rules are straightforward. Once you place your first SGP, it will become easier and you will soon be creating your own wagers very quickly. Although the betting options are more restricted than the general wagering markets, the Caesars Same Game Parlay option does permit you to use a slider to set your desired amount on totals, alternative spreads, and more.

Alternative lines are available for totals and spreads, but not for player props. For NBA Same Game Parlays, you can add selections such as over/under for points, rebounds, and assists. You can also add legs such as player props on Double Double.

FAQs

What is a round robin parlay?

Every team in a group play each other once. Round robin parlay wagers work in the same way with parlays. By playing the round-robin, you will have every combination of two-leg parlays from those four wagers. If you place a regular four-leg parlay, every selection has to win.

What does a $100 3 team parlay pay?

This depends upon the odds of the parlay. Use a parlay calculator if you want to see what your potential payout would be.

Does Caesars have same game parlays?

Yes, Caesars offers Same Game Parlays on its sportsbook. This feature is easy to use, check out our section on SGPs at Caesars sportsbook above to find out more.

Are parlay bets worth it?

One of the benefits of parlay bets is that they give bettors a chance to win a ton of money. However, the drawback is they are so difficult to win. You could place a ten-leg parlay and if nine legs lose, the whole bet loses. They are a high-risk, high reward type of wager. It is down to you to determine if the potential payout is worth the risk.