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Parlay Betting Sites 2024: Your Guide to the Best Parlay Wager Platforms

Last Updated on 07.04.2024
Fact checked by: Emily Carter

Parlay betting sites are the place to be if you want to mix several bets into a single big one. This is a great way to enhance your odds and put yourself in the position to win a hefty payout.

Out of all the betting sites with parlays, BetMGM, DraftKings, FanDuel, Bet365, and Caesars are where it’s at. They’ve got all the best odds and they also throw in some sweet extras like parlay builders, options to cash out early, and exclusive bonuses designed just for this type of betting – think boosted odds and parlay insurance.

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Find the best parlay betting sites for 2024

Bet365
Recommended
Favicon
4.7/5
  • Over 35 sports.available
  • Competitive odds
  • Sports news and statistics
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Go to Bet365
Bet now
Payment Methods
Find out more on Bet365.
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2017)
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
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BetMGM
Hot Offer
Favicon
4.7/5
  • Excellent variety of sports
  • Live streaming available
  • Cash Out feature
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetMGM
Bet now
Payment Methods
PayNearMe
PayPal
Bank Transfer
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
GGA – Digital Operator of the Year (2023)
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FanDuel
Hot Offer
Favicon
4.6/5
  • Great choice of sports.
  • SGPs, live streaming and Cash Out.
  • Outstanding mobile experience.
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to FanDuel
Bet now
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
Global Gaming Awards (2022)
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Caesars
4.
Favicon
4.5/5
  • Good choice of major sports
  • Live streaming and Cash Out available
  • Prop bets and Same Game Parlays
Caesars Bonus
100% up to $1000
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Caesars
Bet now
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
DraftKings
5.
Favicon
4.5/5
  • Great choice of sports available
  • Top option for parlay bets
  • DKN news and picks
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to DraftKings
Bet now
Payment Methods
PayPal
VIP Preferred
Play+
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2023)
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BetRivers.com
6.
Favicon
4.5/5
  • Live betting available
  • House specials on certain markets
  • Niche sports like lacrosse and Jai Alai available
BetRivers.com Bonus
–
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Bet now
Payment Methods
PayNearMe
Bank Transfer
VIP Preferred
+
Withdrawal
0 Days
Apps
License
Virginia (US) Lottery Board
Show More
BetFanatics
7.
Favicon
4.4/5
  • FanCash rewards when you wager
  • Betting on leagues like the NHL, NBA, and NFL
  • Live betting available
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetFanatics
Bet now
Apps
License
Virginia (US) Lottery Board
Show More

What are parlay betting sites?

Parlay betting sites let you combine a series of bets into one bet. By combining these bets, also known as legs, into one mega bet, you benefit from boosted odds and the chance to win even bigger payouts.

And the best part? You can mix and match a wide range of different types of bets to create your perfect parlay. Whether you’re into money lines, over/unders, prop bets, or point spreads, parlays let you combine them all for that big win. Check out our guide on parlay betting explained for more detailed information on how this works.

Advantages
  • Enhanced odds
  • Huge payouts
  • Mix and match bets
Disadvantages
  • Higher risk

The best parlay betting sites

If you’re on the hunt for the best parlay betting sites, I’ve got you covered. After a bit of snooping around, I’ve found that DraftKings, FanDuel, Bet365, Caesars, and BetMGM are where it’s at.

They’re all legal in the US, offer a bunch of different bets, have highly competitive odds, and their parlay betting features are top-notch. Let’s take a closer look at what these parlay betting sites bring to the table.

1. DraftKings

draftkings main
DraftKings Pros & Cons
  • Extensive betting options
  • Excellent parlay bet features
  • Easy-to-use tutorials and tools
  • Offers rare progressive parlays
  • Progressive parlays are restricted in some areas

Back in 2012, DraftKings launched as a daily fantasy sports site, but boy, has it evolved! Now, it’s a giant in the sports betting scene, thanks to its killer odds and extensive betting options. And let me tell you, their parlay betting options are something else! New to parlay bets? No problem. DraftKings has got you covered with super easy tutorials and a bet slip that’s a breeze to use. They’ve even thrown in a parlay calculator to help you figure out potential winnings – just enter your stake and the odds, in whatever format you fancy (American, decimal, fractional), and you’ll get the full breakdown right there.

What I like most is that you won’t find just the regular parlays. Nope, they’ve taken things further with live betting parlays, same-game parlays, and, my personal fave, progressive parlays. These bad boys are a rare find elsewhere. If you’ve never heard of progressive parlays, they’re a game-changer. Miss a pick in a regular parlay, and you’re out. But with a progressive parlay, you can fumble a pick or two (or even four if you’re going big with 11-12 legs) and still come out on top. The only bummer is that DraftKings’ progressive parlays are off-limits in Arizona, New Jersey, and Pennsylvania.

Legal statesArizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, Wyoming
DFS Bonus
4.5/5
DraftKings Fantasy
DFS Bonus
4.5/5
20% up to $500
Deposit Bonus
|
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
Go to DraftKings Fantasy
Get Bonus

2. FanDuel

Fanduel Feature Image
FanDuel Pros & Cons
  • Highly competitive odds
  • Generous bonuses
  • Simple mega bet creation
  • Special NBA parlays page
  • No loyalty program

FanDuel is, without a doubt, one of the best sportsbooks in the US. Its success can largely be attributed to its highly competitive odds and generous bonuses. However, something that has also contributed to its popularity is the parlay betting options. FanDuel makes it super simple to create a mega bet by mixing two or more picks into one. Hit all your picks, and you’re walking away with far more cash than you would if you bet on them individually.

And here’s the kicker: the more picks you add to your parlay, the bigger the payout becomes. Perfect if you only wanna bet small but dream of winning big. Something else I like about FanDuel is the special NBA parlays page. It’s like your personal parlay workshop where you can craft the ultimate basketball bet. Mix and match from the same game or even blend bets across different games. With this, the parlay possibilities are endless.

Legal statesArizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, Wyoming
DFS Bonus
4.5/5
FanDuel Fantasy
DFS Bonus
4.5/5
100% up to $100
Deposit Bonus
|
T&Cs apply, 18+
Go to FanDuel Fantasy
Get Bonus

3. Bet365

Bet365 Sports Feature Image
Bet365 Pros & Cons
  • Innovative parlay builder tool
  • Edit bet feature for flexibility
  • Auto and partial cash out options
  • Parlay boosts for bigger payouts
  • Unavailable in some states

Bet365 is one of the best parlay betting sites out there, boasting a rich selection of betting options. Whether you’re into player parlays, moneyline parlays, same-game parlays, point spread parlays, or anything in between, Bet365 has it all. However, what really makes Bet365 stand out from the competition is the parlay builder tool. Just pick a game, hit the parlay builder tab, and then you’ll be able to create your perfect bet with ease.

What I like the most about this tool is that it’s loaded with features that put you in total control. Want to tweak your bet? The edit bet feature has your back. Feeling a win coming on but can’t stick around? Set up an auto cash out to grab your winnings automatically when they hit a set number. And if you’re the type who likes to hedge their bets, the partial cash out feature lets you take out a chunk of your bet early, keeping you in the game with less risk.

And just when you thought it couldn’t get any better, Bet365 takes things further with parlay boosts. These provide you with enhanced odds on select parlays, which translates to even bigger payouts. So, if you’re looking to bet on parlays, Bet365 is where it’s at.

Legal statesArizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, New Jersey, Ohio, Virginia
Sports Bonus
4.7/5
Bet365
Sports Bonus
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Free Bet
|
Go to Bet365
Get Bonus
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

4. Caesars

caesars main
Caesars Pros & Cons
  • Top-notch odds
  • Wide variety of bet types
  • Generous bonus offers
  • Up to 25 legs in one parlay
  • Super parlays are highly risky

If you’re all about parlay betting, then Caesars is well worth considering. Trust me, they’re not messing around with their odds – they’re some of the best in the industry. And the variety of bet types? Also some of the best out there. You’ve got everything from your classic moneyline parlays to same-game parlays and even super parlays that are a rare find anywhere else.

If you’re not familiar with super parlays, let me break it down for you. Essentially, this is where you can stack up to 25 legs in one mega parlay. Yeah, you heard that right – 25! While most places cap you at 10, Caesars turns this up a notch. Imagine the payout on that – even with just a small bet, you could be looking at some serious cash.

But wait, there’s more! Caesars isn’t just about giving you different ways to bet; they’re all about rewarding you with all kinds of bonuses and promotions. From free bets and parlay insurance as a safety net to odds boosts that increase your potential winnings, they’ve got all the good stuff to take your parlay betting experience to the next level.

Legal statesArizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
Sports Bonus
4.7/5
Bet365
Sports Bonus
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Free Bet
|
Go to Bet365
Get Bonus
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

5. BetMGM

BetMGM sportsbook and casino
BetMGM Pros & Cons
  • Mix and match across games and sports
  • Automatic parlay odds calculation
  • Pre-packaged parlays available
  • Year-round parlay boost promos
  • Bonuses can expire quickly

Seriously, no list of the best parlay betting sites would be complete without shouting out BetMGM. You can mix and match bets across various games, sports, and even time frames. They let you go wild with up to 10 picks, opening up a world of parlay potential. The more you stack, the bigger your payout could be.

One of the coolest things about BetMGM? You won’t need an odds calculator because they’ve got you covered with automatic parlay odds calculations, so you can focus on the fun part without sweating the math. Something else that I really like is that you’re able to dig into their selection of pre-packaged parlays. It’s perfect if you’re a newbie or someone looking to place a parlay bet without the hassle of piecing it together yourself.

But wait, it gets even better. BetMGM spices things up with parlay boost promos all year round. Claiming one of these bad boys means you’re looking at better odds and, consequently, bigger wins. Picture this: your usual +300 odds on a three-leg NBA moneyline parlay could get a nice bump to +330 with a 10% odds boost. So, on a $100 bet, that’s an extra $30 in your pocket if your picks come through.

Legal statesArizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
Sports Bonus
4.7/5
BetMGM
Sports Bonus
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Free Bet
|
T&Cs apply, 21+
Go to BetMGM
Get Bonus

How parlay betting sites work

The parlay betting sites I’ve recommended are a breeze to use, packed with handy tools like parlay builders and even pre-made parlays to get you started. Here’s your quick guide to jumping in, placing those bets, and (fingers crossed) cashing out big wins.

Step 1: Sign up

First thing’s first: pick a parlay betting site from my top picks and head over to the website. Look for the “Sign Up” or “Register” button, and click it to get things started. You’ll see a form pop up asking for the usual info, such as your name, birthday, and where you live. Fill that out, and you’ll be well on your way.

Step 2: Fund your account

Got your account set up? Great! Now let’s get some money in there. My top recommended sites offer a variety of quick and secure ways to deposit. Whether you’re all about bank cards, e-wallets, or online banking, you can be sure there’s a method that’s just right for you.

Step 3: Place your bet

With your account activated and topped up with some cash, it’s time to get in on the action. To do this, simply go to your chosen sport and game, and keep your eyes peeled for the “Parlay Builder” option. If this isn’t available at your chosen sportsbook, you can manually select your wagers, add them to your bet slip, and enter the total parlay stake.

Step 4: Withdraw your winnings

Parlays can lead to some seriously hefty payouts, so when you strike it big, you’ll probably be itching to cash out. Good news: it’s a breeze to withdraw your winnings, and most of the time, you can pull your cash out the same way you dropped it in. Just a heads up, though: while your deposits are processed instantly, withdrawals can take a few days to process.

The latest bonuses for April

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $5
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
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T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
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T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $5
Go to DraftKings
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T&Cs apply, 21+

Here’s how I find the best parlay betting sites

Parlay betting’s been around foreverβ€”well, at least for over a hundred years in the US. Because of this, you won’t have trouble finding places that let you do parlay betsβ€”that’s the easy bit. The real challenge lies in finding the very best parlay betting sites. I dug deep to find the cream of the crop like BetMGM, DraftKings, FanDuel, Bet365, and Caesars. Here’s how I figured out which ones are the best.

πŸ‘€ Licensing

If a betting site doesn’t have the seal of approval from a legit governing body in one of the legal states in the US, it’s a hard pass.

πŸ› οΈ Parlay builders and tools

This is where the best sites stand out from the rest. Parlay builders, bet editors, and cashout options are tools I look for because they enhance the overall betting experience. They let you tailor your bets, hedge your risks, and bail out early if things start looking dicey.

πŸ† Competitive odds

I only recommend sites with competitive odds because this means you’ll get the best returns on successful wagers. And when it comes to parlays in particular, those odds multiply, making even the smallest difference in odds between sites a big deal.

πŸ‰ Diverse betting markets

If a site doesn’t offer a diverse menu of markets to bet on, you’re not going to be able to create many different parlays. The best sites let you mix and match bets across a wide range of sports and events.

πŸ€‘ Bonuses and odds boosts

Who doesn’t love a good bonus? I specifically look for ones like odds boosts and parlay insurance because these are the best sportsbook promotions that can provide you with higher payouts and an extra safety net.

πŸ“ž Customer support

Customer support is easily overlooked, but super important. You might not always need it, but boy, are you glad it’s there when you do. I put the customer service teams through their paces at all the top sites to make sure help is on hand whenever you need it.

Parlay betting sites: The final conclusion

Parlays have been popular among American sports betting fans for over a century, and they’re not losing steam anytime soon. In fact, the best parlay betting sites are constantly upping their game with even better odds and new features like parlay builders and options to customize your cashout, making this betting style more popular than ever.

Whether you’re just dipping your toes into parlay bets or you’re a seasoned pro on the hunt for the best odds and bonuses, the best parlay betting sites have got you covered. Choose from any of the top picks on this page, and you’re all set for a smooth betting experience.

Our top-rated sportsbooks for 2024

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
PayNearMe
PayPal
Bank Transfer
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
E-Check
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
PayPal
VIP Preferred
Play+
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

Parlay betting sites FAQ

πŸ™Œ What are the best parlay betting sites?

The best parlay betting sites include big names like DraftKings, FanDuel, Bet365, Caesars, and BetMGM. These sites stand out for their competitive odds, generous bonuses, and special features like parlay builders and early cashout options.

🧐 How many bets can I combine at betting websites?

The number of bets you can combine into a single parlay varies from site to site. For example, some sites like Caesars let you go wild with up to 25 picks in one mega parlay, offering the chance for some seriously hefty payouts. However, the average range you’ll find at most betting sites is typically between 10 to 12 legs.Β 

⏱️ Can I cash out a parlay bet early at betting sites?

Yes, you can cash out a parlay bet early at many betting sites, including Bet365 which offers standout features like auto and partial cash out. With auto cash out, you set a payout amount in advance, and your bet will automatically settle if it hits that value. The partial cash-out feature lets you claim a portion of your winnings early while the rest of your bet remains active.

Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly
T&Cs apply
4.5/5
Our Team
Emily CarterJackson T. PierceMike GoodpasterJP ZhangBrendan Heffernan
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Emily Carter
Gambling Editor
Jackson T. Pierce
Gambling & DFS Editor
Mike Goodpaster
Mike Goodpaster
Chief Editor Betting
JP Zhang
JP Zhang
Founder
Brendan Heffernan
Editor
Eric Winkler
Editor
Ian Johnson
Editor

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