Parlay Fanduel
A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games.
The allure of these bets has always been a larger payout than choosing a single team to win. But there’s more gamble to these types of wagers because every “leg” of the parlay needs to not lose in order to win. If one leg loses, the whole parlay loses.
The flexibility of a parlay bet also makes it attractive to gamblers. You can combine multiple sports into your parlay bet; for example, you can include the Cowboys from the NFL, the Celtics from the NBA and the Coyotes from the NHL into a single bet. If they all win, you win.
Introducing same game parlays! Now, you can combine multiple bets from one matchup or team into a single parlay to go for an even bigger win. Think your favorite team is going to dominate their next matchup? Bet on them to win, the total to go over, and their QB to throw over 3 TDs — all in one parlay. FanDuel has one of the widest ranges of parlays offered, including single-game parlays. Very few sportsbooks allow you to make parlays from bets happening in a single game because it is harder for the bookmaker to control the odds.
Test out the parlay calculator above and compare odds at different sportsbooks to see how it works!
Placing a parlay bet
There are two ways to place a parlay bet and both are quite simple. Bettors can either tell the ticket writer directly which teams and totals they’d like to bet on and how much they’d like to risk on the bet. Filling out a parlay card is the other option for placing this kind of bet. Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet.
Some mobile sports wagering apps offer both types of parlay bets.
Get the best parlay deal at online sportsbooks with Parlay Insurance here:
Winning a parlay
There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong.
Parlay odds
Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.
Parlay payouts
Payouts for a parlay are fixed by the time the bet is placed. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor.
If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets.
Types of parlays
A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.
Round Robin
A Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.
The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. They will then choose how many teams or totals they’d like to tie together for the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.
The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.
The ticket will cost the amount chosen for each parlay. If the bettor only has $300 they might choose to Round Robin the teams by two, so they have 28 different parlays for $10 each. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually.
Teaser
A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.
Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points. Those legs of the teaser may go in different directions.
- For example, the New England Patriots -7 can be teased down six points to -1. Meanwhile, the Cleveland Browns can be teased up six points from +4 to +10 points.
Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet.
Parlay Cards
The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet. Once the teams and totals are chosen the bettor simply presents the filled in portion on the card to the ticket writer in the sportsbook along with how much they’d like to wager.
Parlay Cards are especially popular during football season. There are many different types of Parlay Cards including a variety of teasers, ties win and reverse teaser cards known as pleasers. These are more popular every year so the mobile sports wagering apps have started to add Parlay Cards for mobile bettors.
Soccer Parlay Insurance
1. Description of Promotion
The Soccer Parlay Insurance promotion (the “Promotion”) where participants who place a parlay wager of at least five legs on Eligible Games (as set forth herein) taking place on the same Eligible Day (as set forth herein) (maximum of one leg per Eligible Game) will receive a site credit available for use only on the FanDuel Sportsbook (“Sportsbook Site Credit”), equal to the amount of their wager (max $25) if one leg in their wager loses.
The Promotion is sponsored by Betfair Interactive US, LLC (“FanDuel” or the “Sponsor”), located at 6701 Center Drive West, Suite 800, Los Angeles, CA 90045. The terms “you” or “your” mean the person to whom a Promotion Bonus (defined below) is issued to upon satisfaction of the terms and conditions set forth in this Promotion. Redemption of the Promotion is expressly conditioned upon acceptance of and compliance with all of these Promotion “Terms and Conditions”. Promotion participants may be required to sign paperwork issued by the Sponsor.
2. Promotion Period
The Promotion will begin at 12:00 AM ET on December 5, 2020 and end at 11:59PM ET on February 11, 2021 (the “Promotion Period”)
3. Eligibility
The Promotion is only open to individuals who are at least 21 years of age and are physically present in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, West Virginia, Colorado, Virginia, Michigan, or Tennessee during the Promotion Period. If your social security number is associated with another FanDuel Account in Sponsor's database, you may only earn one Promotion Bonus in respect of all such FanDuel Accounts under this Promotion. Employees, officers and directors of the Sponsor, its affiliates, cable/satellite affiliates, advertising and promotion agencies, retailers, distributors, and each of such employees’, officers’ and directors’ immediate family members and/or those living in the same household (whether legally related or not) of each are not eligible to participate in the Promotion or receive a Promotion Bonus.
4. Action Required
You must opt-in to participate in this Promotion. After opting-in to the Promotion, use your FanDuel Account to place a pre-game parlay wager of at least five (5) legs on the eligible soccer games set forth in Section 10 (“Eligible Game(s)), taking place on the same Eligible Day, provided that the final price of the Parlay wager must be +200 or longer (an “EligibleWager”) during the Promotion Period. A maximum of one (1) leg may be placed on each Eligible Game. Limit of one (1) Eligible Wager per Eligible Day.
5. Claiming Promotion Offer
In the event that exactly one leg of your Eligible Wager loses, you will receive a Sportsbook Site Credit equal to the amount wagered in such Eligible Wager, up to a maximum of Twenty Five Dollars ($25) (“Promotion Bonus”). In the event that your Eligible Wager wins, or that more than one leg in your Eligible Wager loses, you will not receive any Promotion Bonus in respect of such Eligible Wager. If applicable, the Promotion Bonus (max $25 per Eligible Wager) will be credited to your FanDuel Account within seventy two (72) hours of the completion of the Promotion Period. Promotion Bonus recipients will be solely responsible for all federal, state, and local taxes, and for any other fees or costs associated with the Promotion Bonus received, regardless of whether the Promotion Bonus, in whole or in part, is used. The Promotion Bonus value may be reported for tax purposes as required by law.
6. Registration Procedures
To qualify for the Promotion, eligible individuals must have an active FanDuel member account (“FanDuel Account”) and verify your identity in order to play on the FanDuel Sportsbook. Creating a FanDuel Account at www.fanduel.com or https://sportsbook.fanduel.com is free. By submitting your information and creating a FanDuel Account, however, participants will be required to agree to the FanDuel Privacy Policy and Terms. If you do not agree to FanDuel’s Terms and Privacy Policy, you cannot create a FanDuel Account or participate in this Promotion.
7. Limitations on Participation
In addition to the Eligibility Requirements in Section 3, FanDuel reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. This Promotion is void where prohibited by law. Limit of one (1) Eligible Wager per person, per Eligible Day.
8. Wagering Requirements/Exclusions
Any wager placed prior to opting-in to the Promotion or after the expiration of the Promotion Period will not be deemed an Eligible Wager. In-play wagers, straight wagers, round robin wagers, same game parlay wagers, parlays with a final price of +200 or shorter, or futures wagers will not be deemed Eligible Wagers and wagers that are settled using the “Cash Out” feature will not be deemed Eligible Wagers. Separately, wagers placed using site credits or any bonus received from a separate Sponsor promotion, including without limitation the “$500 Risk Free Bet” promotion, will not be deemed as Eligible Wagers.
9. Order of Funds Used for Wagering
The Promotion Bonus is non-withdrawable but any winnings therefrom are immediately withdrawable. Sportsbook Site Credit is used before deposited funds when wagering.
10. Eligible Games
All Soccer Games taking place between December 5, 2020 and February 11, 2021
Parlay Fanduel Sportsbook
11. Restrictions on Withdrawal
The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole direction. Any unused portion of the Promotion Bonus will be automatically withdrawn from your FanDuel Account seven (7) days after being credited to your FanDuel Account. You may withdraw your deposited funds without penalty at any time.
12. Cancellation
Should you wish to cancel your participation in this Promotion at any time, please contact customer support at sportsbook@fanduel.com or 877-689-0662. Upon cancellation, you may withdraw any funds you have deposited into your account without restriction. However, any Promotion Bonus amount in your account may not be withdrawn.
Parlay Insurance Fanduel
13. Gambling Problem
Pennsylvania, New Jersey and Illinois Customers: If you or someone you know has a gambling problem, help is available. Call 1-800-GAMBLER.
Indiana Customers: For Help with A Gambling Problem, Call 1-800-9-WITH-IT
West Virginia Customers: Gambling Problem? 1-800-GAMBLER or visit www.1800gambler.net
Colorado Customers: Gambling Problem? Call 1-800-522-4700
Iowa Customers: If you or someone you know needs gambling treatment, call 1-800-BETSOFF
Parlay Insurance Fanduel
Tennessee Customers: For problem gambling support, call or text the Tennessee REDLINE 1-800-889-9789
Virginia Customers: GAMBLING PROBLEM? Call 1-888-532-3500
Michigan Customers: Gambling Problem? Call 1-800-270-7117
14. Additional Terms
Administration: The Sponsor expressly reserves the right to amend, suspend or terminate this Promotion at any time without prior notice or consent. Administration of this Promotion is at the sole discretion of the Sponsor. Sponsor reserves the right to restrict at any time any FanDuel Account holder from participating in this Promotion for any reason. Any questions relating to eligibility, these Terms and Conditions or any other questions concerning this Promotion will be resolved at the sole discretion of the Sponsor and its decisions will be final and binding with respect thereto. No groups, clubs, corporations, companies, partnerships, or organizations may participate in this Promotion or reproduce or distribute any portion of these Terms and Conditions to their members.
Release and Waiver of Liability: By redeeming this Promotion, participants agree to release, defend, indemnify and hold harmless the Sponsor, its affiliates, gaming license partners, advertising and promotion agencies, directors, officers, employees, representatives and agents from and against any and all liability claims or actions of any kind whatsoever (however named or described) for injuries, death, damages or losses to persons and property which may be sustained in connection with: (i) your participation in the Promotion; and (ii) the receipt, use or misuse of the Promotion Bonus, or while preparing for, participating in, and/or traveling to any Promotion-related activity, including those damages caused by the Sponsor’s own negligence. The Sponsor expressly disclaims any responsibility or liability for injury or loss to any person or property relating to the delivery and/or subsequent use or misuse of the Promotion Bonus. In consideration of the Promotion Bonus, each individual hereby agrees and consents, without further authorization, compensation or remuneration of any kind, to the use of such individual’s name, photograph, likeness (including his/her voice), biographical information and statements concerning the Promotion, in any and all advertising, promotions and other publicity conducted by the Sponsor and its affiliates.
Governing Law: All issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions or the rights and obligations of participants and the Sponsor in connection with the Promotion will be governed by and construed in accordance with the internal laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other laws.
Dispute Resolution: The parties each agree to finally settle all disputes only through arbitration; provided, however, the Sponsor shall be entitled to seek injunctive or equitable relief in the state and federal courts in New York County, New York and any other court with jurisdiction over the parties. In arbitration, there is no judge or jury and review is limited. The arbitrator’s decision and award is final and binding, with limited exceptions, and judgment on the award may be entered in any court with jurisdiction. The parties agree that, except as set forth above, any claim, suit, action or proceeding arising out of or relating to this Promotion shall be resolved solely by binding arbitration before a sole arbitrator under the streamlined Arbitration Rules Procedures of JAMS Inc. (“JAMS”) or any successor to JAMS. In the event JAMS is unwilling or unable to set a hearing date within fourteen (14) days of the filing of a “Demand for Arbitration”, then either party can elect to have the arbitration administered by the American Arbitration Association (“AAA”) or any other mutually agreeable arbitration administration service. If an in-person hearing is required, then it will take place in New York, New York. The federal or state law that applies to these Terms and Conditions will also apply during the arbitration. Disputes will be arbitrated only on an individual basis and will not be consolidated with any other proceedings that involve any claims or controversy of another party, including any class actions; provided, however, if for any reason any court or arbitrator holds that this restriction is unconscionable or unenforceable, then the agreement to arbitrate doesn’t apply and the dispute must be brought in a court of competent jurisdiction in New York County, New York. The Sponsor agrees to pay the administrative and arbitrator’s fees in order to conduct the arbitration (but specifically excluding any travel or other costs of participant to attend the arbitration hearing). Either party may, notwithstanding this provision, bring qualifying claims in small claims court.
LIMITATION OF LIABILITY: TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, THE SPONSOR SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, ECONOMIC, EXEMPLARY, PUNITIVE OR OTHER DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY, DIRECTLY OR INDIRECTLY, TO REDEMPTION OF THE PROMOTION, EVEN IF FORESEEABLE OR EVEN IF THE SPONSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Miscellaneous: No waiver of any of the provisions of these Terms and Conditions shall be deemed or shall constitute a waiver of any other provisions hereof, nor shall waiver constitute a continuing waiver unless otherwise expressly provided. If any provision of these Terms and Conditions is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of these Terms and Conditions, which will otherwise remain in full force and effect.