Among the many betting strategies available, parlay betting remains one of the most popular. Why? Well, it’s quite simple – it allows you to combine several wagers into one, ensuring an exciting betting experience.
But what are the best parlay betting sites to use? After comprehensive research, we found Bovada to be the best overall option, but there are so many others we want to share with you today!
Want to find out more? Keep on reading!
Best Parlay Betting Sites
- Bovada: Best overall
- MyBookie: #1 pick for prop bets
- BetOnline: Up to $1,000 welcome bonus
- BUSR: Excellent odds
- SportsBetting.ag: Variety of cryptos supported
- BetAnySports: Reputable brand
- EveryGame: User-friendly interface
- BetUS: Offers live betting
- Lucky99: 24/7 customer support
- xBet: Exciting betting tourneys
Heads up about our links! Adblock might get confused, so please disable it if you have any issues.
1. Bovada – Best Parlay Betting Site Overall
Pros:
- $100,000 max parlay payout
- High-quality Combo Specials
- Dedicated public forum for all users
- $750 sign-up welcome bonus
- 10+ years of operation
Cons:
- Minor limitations with parlay wagers
- Hard to find customer support
Bovada is the undisputed leader when it comes to parlay betting. Active for over a decade, very safe, highly reputable, and stacked with top-tier promos – what’s not to like here?
Parlay Odds and Markets: 5/5
Bovada allows a maximum of 16 choices in one parlay, with the highest payout limit set at $100,000. This includes favored Combo Specials, unique proposition wagers that merge several props into one bet.
However, it’s crucial to state that bet types like triangle lines, quarter lines, and fifth-inning lines aren’t permitted. You’re also restricted from including both points spreads and moneyline options for identical events or outcomes.
Bovada offers a diverse array of props and pre-constructed parlays. Their assortment is broad, providing a significant number of props on the most popular games or matches. Despite this, props for the same match aren’t accepted.
Bonuses and Promotions: 4.9/5
Bovada caters to both crypto and traditional banking users. For those preferring digital transactions, they’ve set up an attractive welcome package – a 75% welcome deposit bonus of up to $750, with a very low rollover requirement of just 5x.
On the other hand, bettors using traditional currency aren’t left out. A 50% match bonus awaits them, and it goes up to $250.
In addition to these, Bovada also offers excellent referral bonuses that can go up to $275.
Payment Options and Payout Speed: 4.9/5
One of Bovada’s unique selling points is the speed of its cryptocurrency transactions. Unlike traditional bank options, which can take days to complete, Bovada typically processes cryptocurrency transactions within an hour.
Moreover, Bovada shows its commitment to user convenience by offering a wide range of payment options. They not only accept conventional banking methods such as credit and debit cards but also accommodate cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for both deposits and withdrawals.
Mobile Experience and Customer Support: 4.9/5
Over the years, Bovada has taken steps to ensure a seamless betting experience for its users by optimizing its platform for mobile use. This means users can wager on their favorite sports on the go.
Also, Bovada offers round-the-clock customer service. If users encounter any issues or have questions, they can contact customer support 24/7.
>> $750 crypto welcome bonus [Bovada]
2. MyBookie – Best Parlay Betting Site for Prop Wagers
Pros:
- Higher parlay payout limits
- 200+ props per individual match
- A decade of operation
- $1,000 sign-up promo
- Advanced builder for custom bets
Cons:
- Future wagers are not eligible for single-game parlays
- Looks somewhat outdated
Up and running since 2013, MyBookie combines sports betting and online casino gaming in a single high-quality package and offers the widest range of prop wagers in the industry. Let’s have a closer look at everything it has in store!
Parlay Odds and Markets: 4.9/5
The MyBookie platform offers loads of prop wagers and Same Game Parlays, permitting users to pick from up to 16 different selections. However, there’s a parlay payout cap set at $100,000.
If a parlay shrinks from a two-team to a one-team, it gets converted into a regular bet. Furthermore, circled plays with odds greater than +500 cannot be included in any parlays, and future bets are not eligible for inclusion in a parlay at MyBookie.
MyBookie’s bet builder feature is designed with an inbuilt mechanism that stops players from creating a same-game parlay if the chosen options have a correlation. Some games, however, do permit combo props in same-game parlays.
Bonuses and Promotions: 4.85/5
To qualify for the initial deposit bonuses at MyBookie, you are quired to make a minimum deposit of $50.
New users can look forward to a 50% match bonus of up to $1,000 on their first deposit. But the bonuses don’t stop there.
Online casino game enthusiasts have not been overlooked, with MyBookie offering a special $10 chip bonus as part of its enticing incentives. Similarly, horse racing fans are treated to an exclusive 8% cash-back offer.
Payment Options and Payout Speed: 4.8/5
MyBookie supports a wide array of payment methods, which includes not only traditional options like credit/debit cards and MoneyGram but also popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.
Mobile Experience and Customer Support: 4.85/5
To uphold its commitment to customer satisfaction, MyBookie has established round-the-clock customer service. This means that at any time, users can reach out to the support team through live chat or email when they need assistance.
While it might seem traditional at first glance, the MyBookie platform is cleverly designed to enhance the gaming experience.
>> $1,000 sign-up bonus [MyBookie]
3. BetOnline – Best Bonuses of All Parlay Betting Websites
Pros:
- $150,000 parlay payouts
- $1,000 sign-up promo
- About two decades in the industry
- Reduced vig for some markets
Cons:
- Higher fees for a fiat banking
- A bit limited prop wagering options
From the welcome bonus to regular deals for existing users, BetOnline is hard to beat in the bonuses department. We are looking at a highly reputable betting platform that’s been up and running for nearly 2 decades.
Parlay Odds and Markets: 4.85/5
Bettors who are fans of the NBA, NFL, and MLB will appreciate BetOnline’s attractive parlay odds. Compared to many competitors, BetOnline distinguishes itself with fewer restrictions and higher payout limits.
BetOnline has made its mark in the betting world with unique Same Game Parlays. These parlays allow for the inclusion of up to 15 selections and offer an impressive payout limit of $150,000.
The platform is committed to upholding standard correlation rules. It prevents bettors from wagering on opposing outcomes or both Over and Under bets. As our BetOnline review shows, this commitment is enforced by the Bet Builder tool, which ensures users adhere to the correlation parameters of the same game parlay.
Bonuses and Promotions: 4.9/5
BetOnline strives to attract new clientele by offering an enticing 50% sign-up bonus. This bonus can go up to $1,000 if the new user’s initial deposit is a minimum of $55.
In addition to this, BetOnline has a unique feature – a $25 risk-free player proposition.
Payment Options and Payout Speed: 4.75/5
One of the reasons BetOnline stands out among its competitors is its efficient payout processing. The platform typically completes transactions within one day, significantly enhancing the experience for its users.
Despite accepting credit card payments, BetOnline imposes a 9.75% fee on these transactions. This has led a significant number of users to choose cryptocurrencies to make deposits and withdrawals at BetOnline.
Mobile Experience and Customer Support: 4.85/5
In its drive to enhance user experience, BetOnline has created a sports betting site that allows for effortless gameplay, eliminating the need for any software downloads.
Additionally, BetOnline values customer service highly, ensuring its users have access to 24/7 support.
>> $1,000 welcome bonus [BetOnline]
4. BUSR – Most Competitive Odds of All Parlay Betting Sites
Pros:
- Fewer restrictions on parlay bets
- $1,500 sign-up deal
- Up to 16 bets within a single parlay
- Advanced bet builder
Cons:
- $100 min deposit for the welcome bonus
- Lacks pre-built parlay bets
BUSR is one of the best new betting sites, and it made its name among parlay bettors with some of the most competitive odds on a variety of sports.
Parlay Odds and Markets: 4.7/5
BUSR sportsbook stands out from other platforms due to its more relaxed restrictions and limits on parlay bets. It uses standard correlation rules and provides alerts via the Bet Builder tool, much like MyBookie.
However, in contrast to Bovada and MyBookie, BUSR doesn’t apply strict limitations on the props that can be included in same-game parlays.
One of the key features of BUSR is its parlay protection, which covers Tie and Push outcomes. In these cases, 2-team parlays are downgraded to straight bets. Also, our BUSR review shows that their Bet Builder tool is a significant asset as it automatically flags the user if correlation rules are breached or if the maximum number of selections is exceeded.
Unfortunately, pre-built same-game parlays and specials are generally not available for major tournaments and championships at BUSR. Despite this, the platform provides a wide selection of props on popular games or matches, making it a convenient option for sports betting enthusiasts.
Bonuses and Promotions: 4.8/5
BUSR has a unique friend-referral program, allowing its users to earn up to $250 for every successful referral. For horse racing fans, BUSR offers a $150 signup bonus. This enticing offer is coupled with attractive loyalty programs created just for the platform’s dedicated members.
Lastly, new users at BUSR are welcomed with an excellent offer: a 100% match bonus of up to $1,500. To activate this offer, users are required to use the promo code SPORTS100FP and make a minimum deposit of $100.
Payment Options and Payout Speed: 4.7/5
While transactions via traditional currencies at BUSR may require a few days for processing, those conducted with cryptocurrencies such as Bitcoin and Ethereum typically clear within hours.
Mobile Experience and Customer Support: 4.8/5
To accommodate users across various devices, BUSR has designed its website to be mobile-friendly. It functions impeccably on a wide variety of devices, including tablets and smartphones.
Furthermore, BUSR maintains a dedicated customer support team that is always ready to address any questions or concerns promptly. They offer 24/7 assistance and can be contacted through several channels like email, phone, and live chat.
>> $1,500 welcome offer [BUSR]
5. SportsBetting.ag – Best Parlay Betting Site for Crypto Bettors
Pros:
- $150,000 parlay payouts
- All-Sports parlay bets are available
- A dozen crypto payment methods
- $1,000 welcome offer
Cons:
- Cluttered homepage
- Could use a better mobile compatibility
Up and running since 2003, SportsBetting.ag keeps up with the latest trends in the world of online sports betting. The site offers stellar coverage of crypto gambling options and an excellent welcome bonus. Let’s find out more about it!
Parlay Odds and Markets: 4.65/5
SportsBetting.ag allows bettors to place wagers across various sports with their unique All Sports Parlays feature. This stands in contrast to same-game parlays, offering a wider range of betting options.
Bettors are given the option to manually include selections from different games and sports onto one parlay slip. This not only simplifies the betting process but also speeds it up.
It should be noted that parlay bets can include up to 15 selections and offer a maximum payout limit of $150,000.
Bonuses and Promotions: 4.75/5
SportsBetting.ag offers an up to 100% initial bonus of up to $1,000. The platform also caters to users of conventional currency, offering a 50% welcome bonus up to $1,000.
There are many other bonuses available for the SportsBetting.ag users, such as a 30% bonus on crypto reloads, and a 25% bonus on selected reloads.
Payment Options and Payout Speed: 4.75/5
With its support for an array of cryptocurrencies like Bitcoin, Litecoin, Ethereum, XRP, Dogecoin, and several popular stablecoins, SportsBetting.ag caters to a vast array of betting enthusiasts.
What makes SportsBetting.ag stand apart from its competition is its provision of approximately 20 different transaction methods.
Mobile Experience and Customer Support: 4.65/5
SportsBetting.ag ensures prompt and specific responses to user inquiries by providing three distinct email addresses, with one particularly designated for sportsbook-related issues. This shows their commitment to addressing user queries promptly.
As for the mobile compatibility, it’s decent but could use better compatibility.
>> $1,000 sign-up promo [SportsBetting.ag]
What Is a Parlay Bet and How Does it Work?
A parlay bet is a type of sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets on individual player statistics.
The key to a parlay bet is that all of the individual bets within it must win for the parlay itself to be successful. If any bet within the parlay loses, the entire parlay bet is lost. However, if all of these bets win, the bettor will get a significantly larger payout because the odds of the combined bets are much higher.
Parlay bets are popular in sports like football and basketball, where bettors can make predictions on multiple games at once. They can be risky, as the chances of winning decrease with each added bet, but they also offer the potential for high rewards.
What Are the Advantages and Disadvantages of Parlay Bets?
Parlay bets come with a unique set of advantages and disadvantages that can make them an exciting option for bettors.
Advantages of Parlay Bets
- Potential for Large Payouts: This is the biggest advantage of parlay betting. Because of the compound nature of the bet (your winnings from each leg of the bet are placed on the next), successful parlays can yield higher profits, even if each individual bet is not particularly risky.
- Budget-Friendly: Parlays can be attractive because they don’t require a big outlay to potentially win a lot. You can place a small wager on a parlay bet with high odds, and if you’re successful, you can see a sizeable return.
- Flexibility and Variety: Parlay betting isn’t limited to a single sport or type of bet. Bettors can combine different sports, different types of bets (e.g., money lines, point spreads, over/unders), and different games into one parlay, which can keep the betting experience varied and engaging.
Disadvantages of Parlay Bets
- Higher Risk: The main disadvantage of parlays is the increased risk. If any one of your selections within the parlay loses, the entire bet is lost. This makes winning parlay bets more challenging than single wagers.
- Fixed Odds: Unlike single bets, where odds can vary between bookmakers, parlay odds are generally fixed and can favor the house.
- No Partial Wins: In single bets, each bet is independent. But in parlays, there’s no such thing as a partial win. Even if you get 4 out of 5 predictions right, you still lose the bet.
Best Parlay Betting Strategy Explained
One of the best strategies for parlay betting is the “correlated parlay.” This strategy involves combining bets that have a direct relationship to each other.
For instance, if you believe a team is going to cover the spread easily, it might make sense to parlay that bet with the “over” on total points. The reasoning is that if a team significantly outperforms expectations, it’s likely contributing to a higher total score in the game.
How We Ranked the Best Parlay Betting Sites
Parlay Odds and Markets:
When ranking parlay betting sites, we focused on several important factors. We started by taking a look at the parlay odds and markets.
Bonuses and Promotions:
The best parlay wagering sites offer generous welcome bonuses, regular promotions, and rewards programs that give bettors extra value for their funds. These incentives not only enhance the betting experience but also provide opportunities to boost potential wins.
Payment Options and Payout Speed:
A diverse range of secure payment options and fast payout speeds are essential features of top parlay betting websites. These sportsbooks offer various deposit and withdrawal methods, including credit cards, e-wallets, and bank transfers, ensuring convenience for all users.
Mobile Experience and Customer Support:
The best parlay betting sites understand the importance of a seamless mobile experience. They offer user-friendly mobile platforms or apps that allow bettors to place bets, check odds, and manage their accounts on the go.
Why Is Bovada the Best Parlay Betting Site?
Bovada excels as a top-notch online sportsbook for parlay bettors, and here’s why:
- High Payout Cap: As our Bovada review shows, users have the flexibility to include up to 16 choices on the same bet, with an impressive payout cap of $100,000. This limit also applies to same-game parlays.
- Unique Combo Deals: Bovada provides ‘requested specials,’ which are unique prop bets that merge multiple props into one selection. These can be incorporated into parlay bets, although correlation rules remain in effect.
- Attractive Welcome Offer: New members are welcomed with a generous $750 bonus – a 75% match on the initial deposit if made using cryptocurrency.
Guide to the Best Parlay Betting Sites: FAQs
What Are the Best Parlay Betting Sites?
After detailed research, we found that the best parlay betting sites are Bovada, MyBookie, BetOnline, BUSR, and SportsBetting.ag.
How Does a Parlay Calculator Work?
A parlay calculator is a tool that bettors use to determine potential payouts for parlay bets.
It simplifies the process of calculating complex odds, especially when you’re dealing with multiple games or events.
Here’s how a parlay calculator typically works:
- Input the Odds: You’ll start by entering the odds for each game or event included in your parlay. These odds can be in American, decimal odds, or fractional format, depending on the parlay calculator.
- Enter the Wager Amount: Next, you’ll input how much you plan to wager on the parlay.
- Calculate the Payout: Once you’ve entered all the necessary information, the parlay calculator will automatically compute the potential payout if all your picks are successful.
Why Are Parlay Bets So Popular?
Parlay bets are popular among many gamblers for a variety of reasons, some of which have been touched upon throughout our article.
These are some of the other reasons:
- Potential for Big Payouts: One of the main reasons parlays are so popular is because of the potential for huge returns on a relatively small investment. The ability to turn a small stake into a large win is a massive draw for many bettors.
- Increased Excitement: Parlay betting can make watching sports more exciting. With a parlay bet, a bettor has an interest in multiple games rather than just one. This can lead to a more thrilling viewing experience, as each game’s result affects the overall bet.
- Wide-Ranging Options: The flexibility that comes with parlay betting is another reason for its popularity. Bettors can mix and match different sports, games, and bet types within a single parlay, allowing for a custom betting experience.
Comparing the Top 5 Parlay Betting Sites
Bovada: A top-notch bookmaker for parlay bets. Bovada’s sportsbook presents excellent combo deals and even provides bettors the opportunity to request personalized prop bets via Twitter. As a newcomer using crypto, you can score up to $750 as a welcome bonus.
MyBookie: An ideal one-game parlay platform for prop bet enthusiasts, offering over 200 prop betting possibilities for a single NFL game betting in some instances. As a new user, you can claim up to $1,000 as a sports betting bonus along with a $10 casino chip.
BetOnline: The top pick with some of the best bonuses online. The platform features a handy parlay tab, player props, a $25 risk-free live betting offer, and a $1,000 sign-up deal.
BUSR: The go-to sportsbook with some of the best odds. As a new user, you qualify for an impressive $1,500 first-deposit bonus at a generous 100% match rate.
SportsBetting.ag: This is the ultimate parlay wagering platform for cryptocurrency users. This sports betting site supports nearly a dozen crypto coins and welcomes each new user with up to $1,000 in bonus money.
Thinking of what to bet on? Check out our articles below:
How to Start Placing Parlay Bets Online
The process of placing parlays isn’t vastly different from placing standard bets at online sportsbooks. Here’s a step-by-step guide on how to place a same-game parlay bet at Bovada, which can be applicable to many other sportsbooks as well:
Step 1: Set Up Your Sports Betting Account
- Follow this link to visit Bovada.
- Complete the sign-up form.
- Agree to the terms and conditions and conclude your registration.
Step 2: Verification Via SMS
- The sportsbook will dispatch a verification code to the phone number you provided.
- Input this code when prompted and log into your new sports betting account.
Step 3: Claim Your Welcome Bonus and Place Your Parlay Bet
- Access the cashier section and set up your preferred payment method.
- Deposit a minimum of $20 to be eligible for up to $750 in welcome bonus.
- Navigate to the parlay section and explore the available markets.
Tips and Advice for Placing Parlay Bets
When placing parlay bets, it’s important to approach with a strategic mindset. Here are some tips and advice to consider:
- Avoid Longshot Parlays: While the potential payout of a 10-team parlay might look attractive, remember that the odds are heavily against you. Stick to smaller parlays with teams and outcomes you’re confident in within a single bet.
- Consider Correlated Parlays: These are parlays that involve bets that are directly related to each other. For example, if you believe a particular team is going to crush their opponent, you might bet on that team to cover the spread and the total to go over.
- Understand the Odds: The potential payout for a parlay bet is calculated by multiplying the odds of each individual bet together. This means the more bets you include, the higher the potential payout – but also the higher the risk.
Are You Ready to Place Your Parlay Wager?
In summary, there are two key takeaways from this story. First of all, please remain disciplined, research thoroughly, and always gamble responsibly. Remember, the thrill of betting should never outweigh the risks.
Secondly, make sure to join high-quality, trusted sports betting sites. Bovada is our No. 1 recommendation for parlay wagers, but you won’t go wrong by visiting MyBookie or BetOnline either.
Have fun, and make sure always wager responsibly!
DISCLAIMER: The information on this site is for entertainment purposes only. Online gambling comes with risks. There’s no guarantee of financial gain, so you should only gamble with what you can afford to lose. All information on this site is for entertainment purposes only.
While gambling can be fun, it can also be addictive. If you or anyone you know suffer from a gambling addiction problem, we recommend that you call the National Gambling Helpline at 1-800-522-4700 to speak with an advisor. Please remember that our guides and all gambling sites are only for people who are 21+. Also, check with local laws to find out if online gambling is legal in your area.
For free online gambling addiction resources, visit these organizations:
