Fanduel Parlay Insurance Rating: 3,4/5 812 votes

The sports calendar always seems to heat up at this time of year, just in time to help thaw out the Northeast from another long and cold winter.

New Fanduel users GET 55/1 ODDS on the Super Bowl! Looking for a great offer to bet on the big game this Sunday? Bet $5 and win $225 only at Fanduel Sportsbook! FanDuel Offers Same Game Parlay Insurance. In the past, the same game parlay was impossible as parlays were supposed to be from different games. But just like a significant change is happening in sports betting, some sportsbooks are experiencing change too. Currently, FanDuel lets you wager on the same game parlays. They also offer insurance.

You can find a plethora of high-level sports action just about every night of the week. The NBA and NHL playoffs are fast approaching and the college basketball season is marching quickly toward March Madness.

There’s even tennis, golf, soccer from across the pond, and upstart football leagues like the AAF here to fill in any gaps.

Pick a night this time of the year and you’re likely to find more than a dozen NBA and NHL games on the slate. Plus, at least a couple of the top college basketball teams in the country hitting the hardwood.

  • New Fanduel users GET 55/1 ODDS on the Super Bowl! Looking for a great offer to bet on the big game this Sunday? Bet $5 and win $225 only at Fanduel Sportsbook!
  • FanDuel Offers Same Game Parlay Insurance. In the past, the same game parlay was impossible as parlays were supposed to be from different games. But just like a significant change is happening in sports betting, some sportsbooks are experiencing change too. Currently, FanDuel lets you wager on the same game parlays.
  • FanDuel Sportsbook is offering NBA Parlay Insurance for all bets with four-plus legs.

It’s the perfect time of year to put together a multi-sport parlay, and FanDuel Sportsbook makes it even better by offering you a little insurance on that bet.

Understanding parlays in NJ sports betting

A parlay is simply two or more basic bets combined together into one wager. It’s a multi-sport parlay if you combine bets from more than one sport.

Parlays pay much better than individual bets on their own. The catch is you normally have to win every bet, or leg, that is a part of the parlay, to get paid anything at all.

However, FanDuel Sportsbook’s Multi-Sport Parlay Insurance changes that.

Put together a parlay with four or more legs in any sport on FanDuel Sportsbook. Bet up to $25 on the parlay and if all but one of the legs hit, you get your money back.

Players can take advantage of FanDuel Sportsbook’s Multi-Sport Parlay Insurance on up to four different parlays every day. However, each individual leg of the parlay must have odds no shorter than -200.

The insurance does not cover parlays that include big favorites. We’re looking at you Houston Rockets over the Atlanta Hawks.

It’s a great way to take a chance on a parlay and not have your dreams completely dashed by one bad pick or untimely upset. Multi-Sport Parlay Insurance won’t make you rich, but it can certainly help you avoid busting your bankroll with a single mistake.

Get started on FanDuel Sportsbook

To get started betting parlays and taking advantage of FanDuel Sportsbook’s Multi-Sport Parlay Insurance you must first sign up for an account with FanDuel Sportsbook.

Fanduel Parlay Insurance Vs

Just click this exclusive FanDuel Sportsbook link and follow these step-by-step instructions:

  • Click on “Want to register with your FanDuel account?” if you already have a FanDuel DFS account. Follow the instructions on the next page.
  • If not, enter your account and personal details.
  • Agree to the terms of use and privacy policy by checking the box.
  • Click the green “Sign Up” button.
  • If you’re on a mobile device, click the “Download” button at the bottom of the screen.
  • Login using the details you provided on the sign-up page.

It’s really that simple. Plus, as long as you signed up using the link above, you are eligible for a risk-free bet of up to $500. That means FanDuel Sportsbook will give you a refund in site credit of up to $500 if you lose your first bet.

You can even use this to bet on a parlay.

Once you’re in, take a look around the FanDuel Sportsbook homepage to see what action is available and upcoming.

Putting together a parlay bet slip

Putting together a parlay bet slip is as easy as clicking on the sides you like. Then confirming them on the right-hand side of the page.

Once you’ve selected at least two, a parlay box will appear asking you how much you want to wager. Fill that in and what you stand to win will suddenly appear. FanDuel Sportsbook’s Multi-Sport Parlay Insurance automatically covers you, as long as the bet is $25 or under.

Log in and click “Place Bet” to move ahead with it.

As an example, a four-team $25 parlay including moneyline bets on the following sides would pay +1606, or $401.62:

  • New Jersey Devils over the Montreal Canadiens
  • Colorado Avalanche over the Florida Panthers
  • Indiana Pacers over the Detroit Pistons
  • Philadelphia 76ers over the New Orleans Pelicans

Bet individually, $25 on each would only win a total of $204.36.

However, with FanDuel Sportsbook’s Multi-Sport Parlay Insurance, anyone betting this as a parlay would stand to win over $400 and get their money back if only three out of four legs come in.

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Missing out on a big payday because you lost just one leg of your parlay is the worst. Luckily, some sportsbooks are ready to help recoup those losses with parlay insurance.

Parlay insurance provides a partial refund if you lose a parlay by one leg. It’s different at every sportsbook, but parlay insurance typically returns up to $25 for a lost parlay.

This guide covers the basics of parlay insurance and highlights the variety of offers from major sportsbooks, so you can feel more comfortable making parlays and make the most of these exciting sports betting bonus offers.

What Is Parlay Insurance?

Parlays are some of the riskiest wagers in sports betting. Sure, the payouts are lucrative, but one wrong pick can ruin your whole parlay.

Sportsbooks started offering parlay insurance to entice more bettors into making parlays. If you lose a parlay by just one leg, the insurance will cover some of your losses with a small refund.

Insurance

Let’s say you make a 5-leg parlay on the FanDuel sportsbook with their multi-sport parlay insurance promotion. If you lose just one of the legs, you get a refund of up to $25.

It might not sound like much, but it’s a great way to get more comfortable making a parlay bet. Parlays offer very long odds with huge potential payouts, so you don’t have to bet more than $25 to have a shot at winning big money.

Now that we’re feeling more secure with this bonus, let’s take a look at the sportsbooks that offer it.

Sportsbooks That Offer Parlay Insurance

Many major sportsbooks offer parlay insurance of some kind. The sports they offer insurance for, the number of legs required in the parlay, and the refund amount can all differ, so let’s get right into the specifics.

FanDuel

FanDuel offers two types of parlay insurance. They both offer refunds up to $25, but the available sports and the required number of legs are different for each.

Multi–Sport Parlay Insurance

The multi-sport promo from FanDuel encourages you to build a 5-leg parlay with games in any sport. It gives you a lot of flexibility when building your parlay, and you get a $25 refund if you lose just one of the legs.


How it works:

  • Create a parlay on FanDuel with five or more legs using games from any available sport
  • Each leg of the parlay must have odds greater than or equal to -200
  • If you lose one of the legs on the parlay, FanDuel will refund your wager
  • The maximum refund amount is $25
  • You can make this wager four times per day

Round-robins, teasers, and same game parlays are not eligible for this promotion. The refund arrives in your FanDuel account within 72 hours, and the repayment is automatically withdrawn from your FanDuel account if you don’t use it entirely within seven days.

Same Game Parlay Insurance

Same game parlay insurance also covers you for up to $25 in the event you lose one leg in the parlay. You only need a 3-leg parlay for this promotion, but the games must be from the same sport.

For example, A 3-leg moneyline parlay on NBA games would be a great choice.


How it works:

  • Opt-in to the promotion on FanDuel
  • Create a parlay with three or more legs using games from the same sport
  • Final price of the parlay must be +200 odds or longer
  • If you lose one of the legs on the parlay, FanDuel will refund your wager
  • Maximum refund amount is $25
  • You can make this wager once per day

Live bets, round-robins, and odds boosts are not eligible for this promotion. It takes 72 hours for the refund to reach your account, and the bonus is withdrawn from your FanDuel account if it’s not used within seven days.

DraftKings

DraftKings offers parlay insurance from time to time. Their promotions are worth opting into if you spot one.

Here’s an example of what their parlay insurance might look like:

  • Opt-in to the promotion on DraftKings
  • Create a parlay with five or more legs
  • If you lose one of the legs, you receive a refund in the form of a free bet
  • The maximum refund is $25

In the example above, players could receive up to four refunds in free bets per day. Make sure you check with DraftKings to see if they have any parlay insurance promotions running.

PointsBet

Fanduel Parlay Insurance Definition

PointsBet offers some of the most valuable parlay insurance on the sportsbook market. Many books require a 5-leg parlay to qualify, but PointsBet typically asks for less than that.


PointsBet also offers same game parlay insurance. Their offer is competitive with other sportsbooks like FanDuel because they only require three legs on the parlay.

Same Game Parlay Insurance

The PointsBet same game offer asks you to make a parlay on a single NFL game. This means you’ll have to get creative with your parlay, but you’re covered if you lose one of the legs.

How it works:

  • Opt-in to the promotion on PointsBet
  • Make a 3-leg parlay on a single NFL game
  • If one leg fails, you receive a refund in the form of a free bet
  • The maximum free bet refund amount is $25
  • The minimum total price for the parlay must be +100

The free bet refund arrives in your account the next day, and you cannot cash out this free bet on its own.

Insurance

BetMGM

BetMGM has also offered parlay insurance in the past, but they don’t have any such promotions running currently. We expect BetMGM will offer this bonus again in the future.

Their previous promotions offered up to $25 in site credit for losing one leg on a 5-leg parlay.

Fanduel Parlay Insurance

Check in with BetMGM to see if they have a parlay insurance offer on the go.

Is Parlay Insurance a Good Idea?

Even though parlays are some of the riskiest wagers in sports betting, parlay insurance helps settle the volatility.

Fanduel Same Game Parlay

The value of parlay insurance can differ between sportsbooks, but if you have the option to secure one leg of your parlay, then you should absolutely go for it.

Don’t feel like you have to suddenly start making parlays if you’re not comfortable with them. Parlay insurance is good, but it doesn’t cover all the risk in making a parlay.

The nice thing with parlays is you don’t have to wager a lot of money to earn a big payout. A $25 refund might not seem like a lot, but when it comes to parlays, that’s actually a pretty big bet.

Fanduel Parlay Insurance Plan

You won’t regret having insurance if you like making parlays. In fact, the safety net might coax you into making a bet that results in a huge payday.

Parlay Insurance FAQs

What is parlay insurance?

Fanduel Sportsbook Nj

Parlay insurance covers one leg of your parlay. If you lose the parlay by just one leg, you get a refund, usually of up to $25.

Who offers parlay insurance?

Fanduel Parlay Insurance

Sportsbooks like FanDuel, DraftKings, PointsBet, and BetMGM are all known to offer parlay insurance. Check with your favorite sportsbook to see if they have this kind of promotion running.

Should I use parlay insurance?

Fanduel 500 Match

Yes, you should use parlay insurance if you like making these kinds of bets. Parlays are risky even with insurance, but it’s a great resource for giving you peace of mind when you submit that bet slip.

Everything You Need to Know About Parlays

Even the sharpest of bettors feel a little bit nervous when they make a parlay, but that doesn’t mean they go in blind on these types of wagers.

Check out our comprehensive guide on parlays for everything you need to know about them.

Get in on the Action with Bonuses

Sportsbooks are always offering new bonuses to entice fans into betting on their favorite games.

See our bonuses section for more information on all the latest promotions from top sports betting sites.