When placing a parlay bet online, the bet slips automatically calculate your combined parlay odds, and the potential payouts once you have entered your stake. Types of parlay bets The most popular types of parlays are Against the Spread Parlays and Teasers but you can parlay many different types of bet and even a mixture of bets in the same parlay. Eligible users must submit a parlay up to $100 comprised of at least one (1) bet from each football game on 11/28/19. If the parlay wins, standard payout is awarded. If the parlay loses, users will get their original stake up to $100 back as a free bet.
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.
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.
Draftkings Parlay Payout
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.
Draftkings Parlay Push
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.
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.
Draft Kings Same Game Parlay
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
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.
Draftkings Parlay Push
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.