NFL Parlay Betting Strategy & Expert Advice for Sports Bettors

Arguably the sport’s most exciting wagering type, we cover NFL parlay betting strategy and some expert tips for all parlay bettors out there.

It’s not easy to win money betting on the NFL. But when you do, it’s probably the most satisfying victory in sports wagering.

A game takes about three hours on a Sunday afternoon, but in reality, it’s a week-long event. Early week reactions to the previous game give way to upcoming previews, injury reports, and game plan strategizing. Finally, as the teams prepare to take the field on Sunday you make your decision – take the powerful favorite, or the motivated underdog?

Now multiply that by 16 (the number of games scheduled for Week 1), and you have an idea why the NFL is so popular.

Sportsbooks know it’s hard to focus on just one game during the season. Bettors routinely have wagers going on two, three, or more games each Sunday. But what if you could make the ultimate wager?

You’ve studied all these games. You wouldn’t make a bet you didn’t expect to win. If you could get EVERY game right – what would that be worth?

Enter the NFL betting parlay!

Best Sports Betting Sites for NFL Parlay Betting

FanDuel Sports

FanDuel Sports SPECIAL OFFER

Join FanDuel and get $150 in Free Bets when you bet $5.
Bet $5, Get $150 at FanDuel Get Bonus
Terms and conditions apply
BetMGM Sports

BetMGM Sports SPECIAL OFFER

Bet $10, Win $200 if ANY team scores a TD!
Bet $10, Win $200 in Free Bets Get Bonus
Terms and conditions apply
DraftKings Sports

DraftKings Sports SPECIAL OFFER

Join DraftKings and get $200 INSTANTLY when you bet $5.
Bet $5, Get $200 at DraftKings Get Bonus
Terms and conditions apply
PointsBet

PointsBet SECOND CHANCE

Use code ‘WEDGET1’ and get 2 Second Chance Bets up to $2,000.
Get $2,000 Free at PointsBet Get Bonus
WEDGET1
Terms and conditions apply
BetRivers Sports

BetRivers Sports RISK FREE

Join BetRivers and get a 2nd Chance Bet up to $500.
Get $500 Free at BetRivers Get Bonus
Terms and conditions apply
Bet365 Sports

Bet365 Sports SPECIAL OFFER

Bet $1, Get $200 in Free Bets
Get $200 Bet Credits at Bet365 Get Bonus
Terms and conditions apply

Why Do People Love Betting Parlays?

Now of course, it isn’t really that simple.

A parlay is a wager in which you combine two or more outcomes into a single wager. If any of those outcomes do not occur, the bet itself is also a loser, no matter how many other outcomes are correct.

But if all outcomes are correct? You could be looking at a pretty phenomenal payout.

Just how phenomenal? Plenty of sites (BetMGM, for example) offer parlay calculators where bettors can determine the payout on their potential wager.

Standard NFL odds are -110 (risk $110 to win $100) on your preferred favorite, underdog, or over/under wager. But sometimes those odds change, particularly when playing money lines. These parlay calculators allow you to simply input the odds of your bet in calculating your winnings.

NFL Parlay Betting Strategy

Let’s start small. On Opening Night, the Super Bowl champion Los Angeles Rams hosted the Buffalo Bills. You think this is Buffalo’s year. But you also think Pittsburgh and Cincinnati’s offenses are going to light up the scoreboard come Sunday afternoon. You would start your NFL betting parlay accordingly (all lines from FanDuel Sportsbook):

GAMEOUTCOMEODDS
Buffalo Bills at Los Angeles RamsBuffalo -2.5-110
Pittsburgh Steelers at Cincinnati BengalsOver 44 total points-110

If you put $100 on this two-game parlay, and both outcomes happen, you just won $264.46 (plus your original $100 wager)! Not bad.

But you’ve been waiting all offseason, and there are so many more games in Week 1.

FanDuel Sports

FanDuel Sports SPECIAL OFFER

Join FanDuel and get $150 in Free Bets when you bet $5.
Bet $5, Get $150 at FanDuel Get Bonus
Terms and conditions apply

Let’s add the Indianapolis Colts, eight-point favorites against the Houston Texans, who figure to be among the league’s worst teams this year.

GAMEOUTCOMEODDS
Buffalo Bills at Los Angeles RamsBuffalo -2.5-110
Pittsburgh Steelers at Cincinnati BengalsOver 44 total points-110
Indianapolis Colts at Houston TexansIndianapolis -8-110

Add in that win, and your payout just became $595.79.

Let’s keep going… everyone is so high on the 49ers, but you see a perfect opportunity for the Chicago Bears to spring the upset at Soldier Field. You don’t need the 6.5 points; so you take the Bears to win outright on the +230 money line. Now the potential payout starts to grow exponentially.

GAMEOUTCOMEODDS
Buffalo Bills at Los Angeles RamsBuffalo -2.5-110
Pittsburgh Steelers at Cincinnati BengalsOver 44 total points-110
Indianapolis Colts at Houston TexansIndianapolis -8-110
San Francisco 49ers at Chicago BearsChicago to win+230

5-Leg NFL Betting Parlays = BIG Payouts!

If you can go 4-for-4, your $100 just turned into $2,196.12. But there’s still the Monday Night game, and there’s no way you see Russell Wilson losing against his old team. The 5.5-point spread makes you nervous though – let’s stay with that money line strategy, only this time on the favorite.

GAMEOUTCOMEODDS
Buffalo Bills at Los Angeles RamsBuffalo -2.5-110
Pittsburgh Steelers at Cincinnati BengalsOver 44 total points-110
Indianapolis Colts at Houston TexansIndianapolis -8-110
San Francisco 49ers at Chicago BearsChicago to win+230
Denver Broncos at Seattle SeahawksDenver to win-215


This five-team NFL betting parlay has odds of +3264. If you wake up Tuesday morning and all five outcomes occurred… your $100 is now $3,364,08 (when including the original wager.)

Just remember, almost doesn’t count. All five outcomes need to occur for you to score the big payout. If not, it doesn’t matter if you get four right or zero right. It’s all or nothing.

So no, it’s not easy. And it’s not a standalone NFL parlay betting strategy, as the odds would suggest. But if you put a few dollars each week on a four-team or five-team NFL betting parlay, you could be in for some very exciting Sundays (and Mondays) this season!

PointsBet

PointsBet SECOND CHANCE

Use code ‘WEDGET1’ and get 2 Second Chance Bets up to $2,000.
Get $2,000 Free at PointsBet Get Bonus
WEDGET1
Terms and conditions apply

A Few More NFL Betting Parlay Wagering Tips for Beginners:

  • Make your bets before any of the games start. All outcomes must be chosen at the time of the wager – you can’t add to it as you go.
  • Combining outcomes from the same game (for example, Buffalo Bills +2.5 and the game to have fewer than 53 points) are subject to conditions and may not always be allowed. Make sure to check your sportsbook’s rules.
  • Ties cancel. In other words, in the parlay above, if you get four outcomes right but Indianapolis wins by exactly 8 points, that particular outcome cancels and it becomes a four-team parlay.

The last point is the cash out option. In our above example, say you got through Sunday with all four outcomes correct, but still needed Denver to win that Monday Night game. Chances are the sportsbook may offer a ‘cash out’ option, where you can walk away from the wager for a percentage of the potential winnings.

Rather than seeing if Denver can win on Monday Night and cash the +3264 NFL betting parlay, you can take the sportsbook’s offer (say, $1,500) to walk away from the wager with a tidy little profit. Or you could let it ride and go for the big score.

(You could also hedge the wager and hope for the best of both worlds – but that’s another article).

Good Luck on Your Parlay Journey!

Parlays have high odds for a reason – they’re tough bets to win. Keep your bets reasonable and manage your expectations – but at the same time, don’t be afraid to take a shot. It’s the most fun you can have betting on sports, and even if you only win one of them this season, it’ll be a huge bankroll booster.

BetMGM Sports

BetMGM Sports SPECIAL OFFER

Bet $10, Win $200 if ANY team scores a TD!
Bet $10, Win $200 in Free Bets Get Bonus
Terms and conditions apply

Latest Offers

Latest News

Thursday Night Football Betting: Everything You Need to Know

The 2022/2023 NFL season is underway, and that means Thursday Night Football action every week of the regular season. Here's everything you need to know about Thursday Night Football betting.

NFL Parlay Betting Strategy & Expert Advice for Sports Bettors

Arguably the sport's most exciting wagering type, we cover NFL parlay betting strategy and some expert tips for all parlay bettors out there.

Play Scratch Offs Online for Real Money

Multiple Legal Casinos in the US allow players to play Scratch Offs Online for Reak Money. All the fun of the gas station scracth off, without the mess!

How Do the MLB Playoffs Work in 2022? Complete Guide & Current Odds

How do the MLB Playoffs work in 2022? Introducing the new Postseason format for baseball and the most up-to-date MLB Playoffs betting odds.

The Best Online Casino Free Spins No Deposit: New & Existing Players

Looking for online casino free spins that require no deposit? We've got some of the best in the business, from new player promos to existing customer offers.

More Articles Like This