Best Parlay Betting App – Best Sportsbooks For Placing Parlay Bets

Parlay betting is now one of the most popular ways to place a bet. Most sportsbooks offer parlay betting, but there are lots of ways in which the experience can differ. When I say Best Parlay Betting Sites, I am really looking for sites that provide a large array of betting markets, which you can combine in your parlay bets, and the best tools to help you build your bet. After reviewing dozens of sites, I compiled a list of my favorite picks, and what each of them has to offer.

In this guide, we will look at the best sites and apps for parlay betting, and if you are new to this way of wagering, I will explain the ins and outs of parlay betting as well as listing some tips to maximize your betting.

Parlay Betting Growing In Popularity

As the legal US sports betting market continues to become more competitive, there are many things to consider when it comes to choosing the best sports betting apps and online sports betting sites. Any new sports betting app must make it as easy as possible for bettors to wager on their favorite teams by providing numerous betting options in addition to offering bonuses and promotions. Additionally, features such as cash out and live betting has seen the mobile sports betting market boom.

It is only a few years ago that there were a limited number of sportsbook app options available, with most betting activity strictly limited to Nevada. However, times have changed, and online sportsbooks are now legal in more states with more betting options than just a basic moneyline wager.

Best Same Game Parlay Apps

Using an app to bet same game parlays is now the most popular way to wager with a sportsbook. Most books now SGP betting. Some are amazing, some are awful. Below you can see what we feel are the 3 best US sportsbooks offering same game parlay betting:

#1 FanDuel Sportsbook

FanDuel was the first site to offer the same game parlays. It is the original same game parlay sportsbook! Consequently, the brand offers SGPs on every NFL and NBA game and most soccer games. Other online sportsbooks currently offer a more limited amount of markets for an SGP, with FanDuel still at the top of the leader board for this type of parlay.

If you want to wager on an SGP with FanDuel, use our links to visit the sportsbook and click on the NFL or NBA tab. You will then see a list of all of the matches currently available. Click on the game you want to bet on, and you’ll see a Same Game Parlay tab on the top navigation bar. Click this and then choose all of the prop bets you want to combine in your parlay.

Each choice will be added to your bet slip on the right side of the page, and the odds will be updated with each pick. Once you have added all of your selections, enter your stake and hit ‘place bet.’ Then you can sit back and hope to see those winnings roll in!

#2 DraftKings Sportsbook

DraftKings, like FanDuel, is known for DFS contests but is one of the latest one-game parlay betting sites. They launched SGP’s on their app in August 2021 and offer the same game parlays on NFL, NBA, MLB, Soccer, and have recently announced they will be available on the NFL, as well.

It is a straightforward process to place an SGP on DraftKings. Just find a game with the +SGP icon in the top-left corner that you want to build a parlay for. Then toggle the ‘Same Game Parlay’ button to show the available SGP betting options. Select your wagers from the same game to build your DraftKings SGP. Once you have chosen your bets, add your Same Game Parlay to your bet slip, enter your stake then submit.

#3 BetMGM Sportsbook

The BetMGM version of an SGP is called a ‘One Game Parlay.’ Although the layout may need some tweaking, they make the list as they currently offer the broadest range of sports that bettors can access for one game parlays.

BetMGM also has several insurance options for you when betting on One Game Parlays. For example, if you place a 3+ leg One Game Parlay on any NBA game and one choice lets you down, you will get your bet refunded up to $25. For huge events like the Super Bowl, if you opt-in and place a $25 One Game Parlay, you will receive a $10 free wager to use on any market of your choice.

Which Sportsbook Offers The Highest Parlays?

Searching for the sportsbook which offers the highest parlay is worthwhile but requires time and research. Parlay bets are big business, and the unlikely probabilities shouldn’t deter you from wanting to access the best chances of gaining profits. Most bettors will know that this means finding the best online sportsbooks is crucial.

Knowing which sportsbooks provide the best parlay odds is a deciding factor for players that enjoy the increased reward from increased risk. The only way to do this is to compare the odds of several sportsbooks on parlay bets and see which is the most suitable for you.

You should shop around for your parlay odds in the same way you would if you were looking for moneyline, spread betting, or totals options. To help you along the way, we have listed some excellent sportsbook sites, and apps above that have fair odds and multiple parlay options for you to get stuck into.

Whilst most sportsbooks do offer the option to parlay a bet, a lot of books limit parlays, and some experience technical issues that mean that parlays won’t work.

What Is A Parlay?

A parlay is a single sports bet that involves two or more wagers combined into one. This bet could include moneylines, futures, and point spreads. These bets are attractive because they offer the potential of a higher payout over choosing a single team to win. On the flip side, there’s more of a risk to these types of wagers because every “leg” of the parlay needs to win. If just one leg loses, the whole parlay is unsuccessful. It can be heart-breaking to see just one team mean the entire parlay bet loses, but those are the high stakes surrounding this type of wager.

The flexibility of a parlay is also attractive to gamblers. Players can combine multiple sports into their parley bet. For example, you could include the Seahawks from the NFL, the Lakers from the NBA, and the Maple Leafs from the NHL into one single bet. If they are all victorious, so are you.

Parlay Calculator

If you really want to get into the nitty-gritty of working out the potential payout from your parlay bet, you could use a parlay calculator. You can access our free-to-use parlay calculator here: Parlay Calculator.

This gives you the opportunity to calculate the odds on any amount of parlays, with the option to add up to 15 teams or selections. It is straightforward to use, and the calculator works equally as well on a sportsbook app or desktop site. Additionally, you can use it to decide if you should do a two-team parlay or add more teams.

How we rank Parlay Apps

Ranking the best parlay apps requires a different approach than judging betting apps as a whole. One operator may be popular among bettors due to its attractive bonuses and promotions, while another may attract new users with a huge range of betting markets.

We consider multiple factors when choosing the best parlay betting apps. The key criteria includes:

• Does the app provide features that can’t be found elsewhere?
• Are the odds competitive?
• Does the app have an easy to use same game parlay option?
• Can you cash out your parlay?
• Are there any promos or bonuses targeted specifically at parlays?
• Is there a broad range of sports and markets available for parlay wagering?

The apps we have listed on this page meet all of the above criteria. Additionally, these apps are easy to use and navigate around, so you won’t have any trouble finding those parlay betting options.

How do Parlays pay out?

Most of us just enjoy it when our bets win and we give ourselves a pat on the back for a job well done. However, parlays are different as you could place a three team parlay or even an eight team parlay and while essentially they are the same bet the winnings can vary wildly. They are more complicated than a point spread but placing a moneyline parlay is still straightforward and can result in big profits.

Once your online sports betting site accepts your parlay wager, they create a multi-level bet where each wager that wins then becomes bigger on the next leg and so on. In this example with two traditional -110 legs, the first wager is $100 on the 49ers +3 or under 55.5 on the spread. In this instance both bets finish at the same time so there is no real ‘first leg’ as it doesn’t matter. Because the 49ers  +3 covered the spread, your $100 wager turns into $190.91.

With this profit, you use the $190.91 for the sake on your second leg, under 55.5. That was a winner as well, and a -110 bet for that price results in a pay out of $173.55. Both winning wagers give you a total of $364.46. Bear in mind that you started with a $100 stake, so you have a made a nice $264.46 from this particular parlay wager.

If you fancy yourself as a bit of a math genius and are trying to figure out what a parlay bet will pay out, the most straightforward formula is to work to -110 wagers. Above we have outlined how a two-team bet pays out approximately 2.6-to-1. Add to that to make it a three-team wager and the pay out becomes 6-to-1. The odds will double from that point for every -110 bet added to the parlay.

Parlay Bet Strategies

Whether it is a single game parlay, NFL parlays or the standard multiple bets parlay wager, they are one of the most talked about types of bets out there. There is one group of bettors that feel you should avoid parlays as they feel they are extremely difficult to win. On the flipside, there are some bettors who are very much pro parlay and feel they can make sports wagering enjoyable and you can win huge amounts of money very quickly. Both sides are correct to a degree, and you are entirely free to choose how you want to spend your money on an online sportsbook. But if you are interested in parlays, then some research to ensure you are doing it right will be helpful.

It is important not get carried away with the potential payout. Some tend to add too many legs onto their parlay and therefore massively reduce the chances of winning. It is best to stick to adding a few at a time, perhaps 2 legs to 4 as the more you add, the riskier the wager becomes.

Parlays naturally come with risk due to their low probability of success. However, a round robin type of parlay gives you more room for error. A round robin is a selection of smaller parlays where you can make a profit even if one of the legs doesn’t hit.

Additionally, getting a grasp of how parlay odds work will improve your chances of winning. It would be wise to use a parlay calculator to check the implied probability and the payouts odds of your parlay.

What happens to my parlay if a game gets canceled?

Because traditional parlays consist of multiple legs, those who are new to online betting often question about how parlays are graded. As we have mentioned, a single loss sees the whole parlay fall down, but sometimes these wagers can neither win or lose.

The most common outcome would result in a push. Imagine a four-team parlay where one team loses by three but the other three legs won. Consequently, the push drops off the bet and then the wager is a three-team parlay.

Also keep an eye out for is a game being canceled or rescheduled. Again, the most common outcome in this case is that the wager would come off and then it becomes a smaller overall parlay.