Parlay Advice: 5 Top Tips to Build a Winning Parlay

Most Read

MLS Soccer: On the Rise? Or Still A League Where Legends Come to Die?

A look at MLS Soccer's quest to become America's fifth major sport, as the game continues to evolve in the States.

Who Has the Best Online Casino Welcome Bonus?

Ranking The Top 10 New Jersey online casinos based on their Welcome Offers

FanDuel Prepaid Card: How to Get One, Deposit, Withdraw & More!

The FanDuel Prepaid Card offers a convenient and fast payment alternative for you as a sports bettor at one of America's most popular online sportsbooks.
Matt Tenby
Matt has been a writer for American Betting Experts since 2019. He loves to watch, bet on and write about soccer but is also a huge NBA and NFL fan.

Here is some parlay advice for you to consider when placing your parlays this week on the football, basketball or any other sporting events.

Tip #0: Find The Top Sportsbook Bonus that Fits You and Gets YOU Free Money!

Get $1,000 Free at DraftKings

Join DraftKings and get a $1,000 Deposit Bonus.

Terms and conditions apply

America’s no.1 sportsbook
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY
Generous welcome offer

Terms and conditions apply

Get $1,100 Free at Caesars

Join Caesars and get First Bet Insurance of up to $1,100.

Terms and conditions apply

Well-known brand
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, TN, VA, WV
Stylish and clear app

Terms and conditions apply

Get $2,000 Free at PointsBet

Join PointsBet and get 2 Risk-Free Bets up to $2,000.

Terms and conditions apply

Great welcome bonus
CO, IL, IN, IA, MI, NJ, NY, PA, VA, WV
Unique PointsBetting options

Terms and conditions apply

Get $1,000 Free at BetMGM

Join BetMGM and get a Risk-Free Bet up to $1,000.

Terms and conditions apply

Biggest casino brand in US
AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, WY
$1,000 Risk Free

Terms and conditions apply

Get $250 Free at BetRivers

Join BetRivers and get a Matched Deposit of up to $250.

Terms and conditions apply

A number of sports markets to bet on
AZ, CO, IA, IL, IN, MI, NY, PA, VA
Only 1x wagering on Free Bet

Terms and conditions apply

Get $1,000 Free at FanDuel

Join FanDuel and get a Risk Free Bet of up to $1,000.

Terms and conditions apply

Great welcome bonus
AZ, CO, IL, IN, IA, MI, NJ, NY, PA, TN, VA, WV
Risk Free first bet

Terms and conditions apply

Here are our top 5 tips for building a winning parlay at the sportsbooks.

1. Avoid the point spread if you can

One of the most popular ways bettors build a parlay is by combining points spreads (handicaps). It is a great way to build some juicy odds as three bets at the spread combine to almost 7-1 (+700).

Although Bills -6, Chiefs -12 and Lakers -10 seems like a great combination of points spreads on paper, the reality is that the true odds for this 3-leg parlay are actually 8-1 given that each individual leg is a 50/50 chance of winning. This explains why the sportsbooks actively promote points spread parlays as they have in theory cut the odds of your bet.

Our parlay advice here is that, unless you strongly believe you have found a market where the points spread is wrong or exaggerated on one side, it is often best to just include moneyline bets in your parlay.

2. Look for the best sportsbook promotions

A number of the legal US sportsbooks have some great promotions relating to parlays. BetMGM offer up to 40% more in profits on winning parlays between 4 and 7 legs and also offer insurance up to $25 on parlays let down by just one leg. PointsBet offers a Single Game Parlay Boost, where a 3+ leg parlay from the same game can be given boosted odds.

By taking advantage of the sportsbook promotions like the two mentioned above, there is definitely potential to maximize your parlay winnings.

3. Look for a hedge opportunity

If earlier legs of your parlay have already won, you should consider hedging against the last leg. Hedging your bets gives you insurance on your parlay by guaranteeing winnings in some form or safeguarding your original wager.

This is a great idea if news breaks in your last leg of an injury to a key player, weather changes or early poor performances from your chosen team. Some sportsbooks also offer parlay insurance which removes the need to hedge your bets, but this is always something to consider.

4. Bear in mind time of events

Always consider when certain events take place before including them in your parlay. Some bettors prefer to have all legs in a parlay take place at the same time to avoid their stake being tied up for a long period of time. Others prefer to spread their parlay bets across a longer timeframe for more entertainment or higher odds.

The parlay advice here is too consider how long you are prepared to have your parlay wager tied up for and whether you would be prepared to wait a longer period of time for your bet to hit.

5. Broaden your horizons by including multiple sports

It is obvious that the more betting options there are available, the better chance you have of finding value. Every sportsbook gives you the option of including legs from different sports in your parlay, so it is definitely worth considering.

Here are some of the legal US sportsbooks that accept parlay wagers. All offers next to the sportsbooks are new customer offers, with the eligible states listed.

Get $1,000 Free at DraftKings

Join DraftKings and get a $1,000 Deposit Bonus.

Terms and conditions apply

America’s no.1 sportsbook
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY
Generous welcome offer

Terms and conditions apply

Get $1,000 Free at FanDuel

Join FanDuel and get a Risk Free Bet of up to $1,000.

Terms and conditions apply

Great welcome bonus
AZ, CO, IL, IN, IA, MI, NJ, NY, PA, TN, VA, WV
Risk Free first bet

Terms and conditions apply

$750 Free Bet

Get a Triple Deposit Bonus up to $750

Terms and conditions apply

Colorado Exclusive Sportsbook
Triple Your 1st Deposit
Up to $750 Free Bet

Terms and conditions apply

Get $1,000 Free at BetMGM

Join BetMGM and get a Risk-Free Bet up to $1,000.

Terms and conditions apply

Biggest casino brand in US
AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, WY
$1,000 Risk Free

Terms and conditions apply

Get $1,100 Free at Caesars

Join Caesars and get First Bet Insurance of up to $1,100.

Terms and conditions apply

Well-known brand
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, TN, VA, WV
Stylish and clear app

Terms and conditions apply

Get $2,000 Free at PointsBet

Join PointsBet and get 2 Risk-Free Bets up to $2,000.

Terms and conditions apply

Great welcome bonus
CO, IL, IN, IA, MI, NJ, NY, PA, VA, WV
Unique PointsBetting options

Terms and conditions apply

Bet $50 Get $50 at BetAmerica

Join BetAmerica and get $50 free when you bet $50.

Terms and conditions apply

Biggest horse racing betting operator in US
NJ, PA, IN
Huge variety of promotions

Terms and conditions apply

Get $250 Free at BetRivers

Join BetRivers and get a Matched Deposit of up to $250.

Terms and conditions apply

A number of sports markets to bet on
AZ, CO, IA, IL, IN, MI, NY, PA, VA
Only 1x wagering on Free Bet

Terms and conditions apply

Get $1000 at FOXBet

Join FOXBet and get a $1000 Sign Up Bonus

Terms and conditions apply

Easy to use app
NJ, PA, CO
Great Price/Bet Boosts on sporting events

Terms and conditions apply

Get $250 Free at SugarHouse

Join SugarHouse and get a $250 Deposit Match.

Terms and conditions apply

One of the first sportsbooks to launch online
Available in NJ & CT
Only 1x wagering on Free Bet

Terms and conditions apply

Latest Offers

Latest News

UEFA Champions League Final Preview, Predictions & Best Bets

Our Champions League Final preview, predictions and best bets for Liverpool vs Real Madrid as they battle for European glory.

Predicting Starting QBs for All 32 Teams in the 2022/2023 NFL Season

Following the NFL Draft, we are predicting NFL starting quarterbacks for all 32 NFL teams ahead of the new 2022/2023 NFL season.

DraftKings NBA Playoffs Promo: Bet $5, Win $150 if Your Team Wins!

This season's DraftKings NBA Playoffs promo is incredible. Bet $5 and get $150 if your chosen NBA team wins!

BetMGM PGA Tour Promo: Get $25 Back if Your Golfer Doesn’t Win, But Places Top 5!

The BetMGM PGA Tour promo will refund bets up to $25 on your chosen golfer to win, if your golfer places top 5.

How to Bet on Baseball and Win: Beating MLB Pitcher Strikeout Total Props Without a Model

Kevin Davis shares his tips on how to bet on baseball and win by beating MLB Pitcher Strikeout Total Props without a model.

More Articles Like This