Parlay betting has grown popular over the years among the global population of sports bettors. The bet type holds a special place in the world of sports betting. With the possibility of combining multiple bets in a single wager for larger payout, there's been several stories of crazy parlay bets hitting big sums against all odds.
DraftKings is undoubtedly one of the best sportsbook options available to American bettors. The sportsbook boasts itself as a market leader in the online gaming industry. For bettors with lots of interest in same-game parlay, DraftKings is certainly one of the best places to get that done. The sportsbook allows combinations of several other bet types to create a custom parlay bet.
Parlay Builder
Parlay builder is an effective tool that helps sports bettors create their own custom parlays on sportsbooks. Many sportsbooks often resort to it in a situation of same-game parlay. Parlay builder enables bettors to make selections easily, browse through available markets, and make necessary edits on their picks.
DraftKings provides its users a parlay builder on its sports betting platform. Bettors can make use of the sportsbook's parlay builder by clicking on the "same-game parlay" button. Users easily start to build a customized parlay bet seamlessly on DraftKings sportsbook as soon as the parlay builder toggles on.
What is a Parlay Bet?
Parlay bets are known as "accumulators" in some other betting climes. It is a type of bet in which a bunch of wagers are combined on a single betting slip. Parlays are priced by multiplication of the odds after being converted into the decimal format. A parlay bet can only be won if the entire picks are correct, and will be lost if a single selection returns wrongly.
The bet type consists of as many selections a bettor can combine in a single wager. Each of the selections in a parlay is known as "leg". Therefore, a bet in which two games are combined is known as a "two-leg parlay" while an accumulator involving 10 games is called "ten-leg parlay". There are however some restrictions on how games can be parlayed on sportsbooks.
Parlay bet is one of the most lucrative bet types available on sportsbooks. It offers bettors the possibility of winning a large amount on a single bet slip. The more games added to a parlay, the larger the expected winnings become. At the same time, punters have to be conscious while making selections as a single game is capable of ruining the whole bet.
DraftKings Same Game Parlay
DraftKings allows bettors to create a same-game parlay on its betting platform. This means users can combine two correlated picks from the same matchup in a single wager. Bettors take advantage of this feature to string together multiple markets from the same game to get large payouts.
Below is an example of a DraftKings single-game parlay wager:
Los Angeles Lakers to win (-200)
LeBron James over 15.5 points (-120)
Total Parlay Odds = +175
Therefore, with a stake of $100 bettors will profit a sum of $175 if the Los Angeles Lakers win the game and LeBron James scores 16 points or more.
In placing a same game wager on DraftKings sportsbook, users need to scroll to the desired game, and then click on the "Same Game Parlay" button. It is important to note that same-game parlays are only available for a few sports on DraftKings and the odds for each selection are not made visible.
Same Game Parlay Rules
There are a number of rules that restrict how a same-game parlay can be made on DraftKings as well as other sportsbooks. It is important for bettors to take note of these guidelines to avoid roadblocks while making same-game parlay.
Rule 1: A leg of same-game parlay relating to an existing market on the sportsbook will apply the already laid down rules for that market.
Rule 2: Same-game parlay allows a maximum of 10 legs. Therefore, an 11-leg or more parlay cannot exist in a single-game parlay.
Rule 3: Same-game parlay can only be placed on a single game. Bets cannot be combined on two or more games when building a same-game parlay.
Rule 4: When a particular leg of a same-game parlay is made void or settles as a push, the whole bet is declared void or a push.
Rule 5: When a prop bet included in a same-game parlay names two players to score at any time, the bet will stand as long as one or both of the players plays a part in the game.
Users are advised to reach out to the DraftKings customer support team via the available means when they encounter any form of difficulty while placing a same-game parlay bet on the sportsbook platform.
Player Parlays
Bettors who love to wager on player props can combine a parlay that only involves player stats. This form of bet doesn't have anything to do with the result of the games but rather the selected players achieving a certain number. DraftKings allows users to create same-game player prop parlay as well as player parlay that involves selection from different games, competition or sports.
Below is an example of multi-sport player parlay:
Kylian Mbappe, Over 2.5 Goals (+180)
Aaron Donald To Score A Touchdown (+110)
Giannis Antetokounmpo, Over 35.5 Points (-120)
Aaron Judges, Total Bases Over 0.5 (-160)
Total Parlay Odds: +1652
Provided all players hit the predicted stat, a $100 stake on the above player prop parlay will return a total winnings of $1752.
Moneyline Parlays
Moneyline Parlays are basically the simplest to build on sportsbooks. It pretty much involves the result of the matchups in the parlay. Every team a bettor has selected in moneyline parlay has to win their respective games. Teams from different leagues and sports can be combined in a moneyline parlay on DraftKings.
Below is an example of multi-sport moneyline parlay:
Los Angeles Dodgers (-125)
Seattle Sounders (-180)
Dallas Cowboys (-160)
Milwaukee Bucks (-140)
Boston Bruins (-200)
Total Parlay Odds: +1070
Provided all teams win their respective games, a $100 stake on the above moneyline parlay will return a total winnings of $1170.
Points Spread Parlay
Points spread parlay deal with the margin of victory and defeat rather than merely the result of the game. Every team selected by a bettor in this type of parlay has to cover the spread. An underdog basically has to avoid losing by a specific margin, while a favorite also needs to come out victorious by a specific margin. Multi-sport point spread parlay can also be made on DraftKings sports betting platform.
Below is an example of a multi-sport point spread parlay:
Carolina Hurricanes -2.5 (-110)
New York Yankees -3.5 (-110)
Kansas City Chiefs -6.5 (-110)
Boston Celtic -15.5 (-110)
Total Parlay Odds: +1228
Provided all teams cover the spread, a $100 stake on the above moneyline parlay will return a total winnings of $1328.
Over/Under Parlay
Parlay bets that focus solely on game can also be made on DraftKings. The results of the game does not necessarily matter, but the total number of points scored in it. Bettors can also parlay total bets across multiple leagues and sports.
Below is an example of a multi-sport over/under parlay:
Brooklyn Nets vs Miami Heats - Over 180.5 (-110)
Cincinnati Bengals vs Arizona Cardinals, Under 50.5 (-110)
Atlanta United vs Chicago Bulls, Over 2.5 (-110)
Total Parlay Odds: +596
Provided all teams scored above or below the required points/goals, a $100 stake on the above moneyline parlay will return a total winnings of $696.
Parlay Betting Strategy
Fewer Selection: When the selection on a parlay bet is not so long, there is a higher chance of winning. The more teams added to a parlay, the more difficult it is to return positive. Therefore, One of the best strategies while building a parlay is to keep it small.
Correlated Parlay: This is a situation where the selections in a parlay are somewhat connected to each other. A scenario where a better expect a favorite to cover the spread in a massive victory in an high scoring encounter, it is best to parlay a points spread and totals bet in the same game.
Parlay Hedging: On many occasions, parlay bets come down to one final game which is capable of ruining the whole show. One brilliant strategy to minimize loss is placing another bet that backs the opposite of the final pick. This in one way helps to guarantee a profit irrespective of the outcome of the game.
