The NFL parlays bring some of the largest payouts in sports betting if they hit. The excitement comes from pairing multiple bets into one ticket and watching them unfold in real time. Online sportsbooks make the experience even better through live updates, wide markets, and tools to help you build parlays in minutes.
However, you must know that the risks in NFL parlays are also high. Sportsbooks’ policies on voided games or pushes can also affect the payout. Therefore, you must understand these details to make more informed parlays.
At NXTbets, we offer practical tools and resources to help you build smarter parlays. We provide expert analysis of the parlays markets, tips on responsible gaming, and strategies to enhance your gaming. In this guide, we will discuss how to place NFL parlays online.
Step by Step: How to Build and Place an NFL Parlay Online
Placing an NFL parlay online is simple once you know how it works. Major sportsbooks like FanDuel, DraftKings, and BetMGMhave slightly different layouts, but you can navigate them using the same procedure. Here’s how to go about it:
Step 1 – Registering and Funding Your Account
You cannot bet without a sportsbook account. So, start by signing up with a licensed operator in your state. Most books like DraftKings and FanDuel will ask for your name, email address, date of birth, and a password. They might also ask for your national identity number, driver’s license, or social security number to verify your identity. These checks are aimed at preventing underage and illegal betting.
Once your account is verified, you will need to deposit funds. Most platforms accept PayPal, online banking, debit cards, or prepaid cards. Some allow Apple Pay and Venmo. Use an option you trust and know how to use. Similarly, confirm the minimum deposit requirements and welcome bonuses attached to signing up and initial deposits.
Step 2 – Navigating to the NFL / Parlay Section
This step varies by platform. However, for FanDuel, you will see the NFL listed under Popular sports on the homepage. DraftKings has a Pro Football section where you will find the NFL. Once you click on NFL, you will see the available games, props, totals, and futures.
To start building a parlay, click the bets you want. Each selection you make will appear on your bet slip. In FanDuel, for instance, you will see Combine Bets, while DraftKings allows you to toggle between Single and Parlay. As you keep adding the bets, the platform will identify them as a parlay.
Step 3 – Selecting Your Legs
Now here is where the fun lies. As you choose your legs, depending on the sportsbook, you can include spreads, totals, moneylines, and even player props. For example, you can have Christian McCaffrey to score a touchdown, over 47.5 in Chiefs vs. Bills, and Eagles -3.5 against the Giants.
However, remember that the books regulate what you can combine. For instance, unless it is a Same game parlay, most sites do not allow correlated legs. FanDuel has some of the best same-game parlay features and tools that you can try.
Step 4 – Reviewing Your Bet Slip and Odds
Review your bet slip to confirm that every selection is correct. Double-checking details is also crucial because of how fast odds shift, especially on game day. For example, if you selected the Giants at -3 and the line moves to -3.5, your slip will change. Some books, like DraftKings, highlight the changes in yellow so you do not miss them.
Additionally, books show parlays’ odds after multiplying the odds of every leg. If you build a three-leg parlay with +600, a stake of $100 will likely return $700, inclusive of the stake. This is why parlays are always attractive. However, remember that the chances of success go lower with every additional leg you add.
Step 5 – Entering Stake & Confirming the Parlay
If you are satisfied with your slip, enter your stake. Most books will show the potential payout immediately. Submit your ticket and wait for a confirmation message. Save this in case you want to review it later or dispute a payout.
Optional Live Bets
Some betting platforms like BetMGM allow you to place live NFL parlays. For example, say the Cowboys are ahead at halftime, you could add them to your ticket to win the second half along with other legs. If you decide to try live bets, you must be quick because odds change so fast.
Choosing the Right Online Sportsbook
Oftentimes, the book you choose determines your parlay experience. Rules, odds, and promotions vary across sites, and so the right choice matters. Here are some things to look at before you sign up for a sportsbook account:
Legitimacy and Licensing
The first thing should be confirming that the sportsbook is licensed to operate in your state. Most books display their licenses at the bottom of the app or website. The local authorities audit licensed betting sites to ensure the fairness of play and security of transactions.
Do not choose an offshore sportsbook that is not regulated and will probably require you to use a VPN to access your account. These may subject you to higher risks for security and payout issues.
Available Bet Types and Parlay Options
After confirming that the sportsbook is licensed, check if it has the parlay features you are looking for. Most books offer same-game parlay, multi-leg options, with a wide range of player props. Others also provide round robins and teasers for more flexibility. Look for a book with deeper parlay tools to maximize your experience.
Rules and Policies Differences
Rules, especially on pushes, vary by sportsbooks. Some void the pushed leg and recalculate the parlay. For instance, if it were a four-leg parlay and one leg ends in a push, it will be voided, turning the parlay into a three-leg parlay. Others cancel the whole parlay if one leg is pushed.
Similarly, sportsbooks allow different limits. Some allow a maximum of 12 legs while others allow only 10. The rules on correlated legs also vary. Most books prohibit correlated legs and will disqualify your parlay outright. Always read the terms and conditions before you bet.
Bonuses, Odds Boosts, and Promotions
When it comes to parlays, sportsbooks compete with promotions. Others offer odds boosts, while some offer parlay insurance, refunding your stake if, say, one leg fails to hit. Some also provide profit boosts, adding 20-30% onto your payout.
These promos can enhance your bankroll, but you must read the fine print. Most of them require specific odds or cap the number of legs. Do not chase a promo if it means violating your bankroll management rules. Always stay disciplined to your strategy.
Understanding Odds, Payouts, and Risk Online
As you plan on placing NFL parlays online, you must understand how odds and payouts work. Let’s have a look:
Odds Formats and How Parlays Multiply Them
There are three common types of odds: decimal (3.5), fractional (3/2), and American (+110/-150). For parlays, it is easier to work with decimals. So, begin by converting the odds to decimals and then multiplying them. The result will give you the parlay’s decimal payout. You can use a parlay calculator for more efficient and quicker calculations.
Otherwise, here is an example for a guide. Say the legs are -200, -110, and +150:
Begin by converting all of them to decimals, which will give you 1.50, 1.909, and 2.50, respectively.
Multiply the three; (1.50 x 1.909 x 2.50) = 7.159.
Convert the results back to American odds, which will give you roughly +616.
Therefore, a stake of $100 will return $716, inclusive of the stake. This shows how parlays multiply into potentially larger payouts.
Implied Probability of Parlays
A given odd shows the implied probability. If you want to see the real risk, convert the odds to implied percentages. American odds are easier to work with because you do the standard conversion. So, if the odds are -110, it means a 52.38% implied probability.
If you are working with independent legs, multiply their implied probabilities to get the parlay’s implied probability. For example, if you have a four-leg parlay of all -110, the overall implied probability is roughly 7.5%. This shows a very low chance of the parlay hitting.
Correlated Bet Warning
A correlation means two or more legs depend on the same event occurring. For example, pairing a quarterback’s passing yards and his favorite receiver’s receiving yards will likely be correlated. Depending on the sportsbook, such a correlation may be blocked, limited, or repriced.
Bottom line: do your research and analysis before you lock in your bet. Shop lines for the best prices and use parlay calculators for accurate calculations.
Strategy and Best Practices for Online Parlays
NFL parlays often reward a solid strategy, smart selections, discipline, and patience. The first tip is to use parlays occasionally and not for long-term play. Additional strategies to consider include:
Limit the Number of Legs
If you are a beginner to NFL parlays, start with two to three legs for most tickets. Every leg you add lowers your chances of success. However, if you are seasoned, keep the number of legs reasonable and manageable. DO not chase a bigger payout if you cannot contain it.
Value and Odds Shopping
Always shop lines across multiple sportsbooks before you submit your parlay. Minor differences, such as a leg at +120 in one book and at +130 in another, can make a significant difference in the payout. Use line shopping tools or create multiple sportsbook accounts to make your comparisons.
Time Your Bets
Track late news and injury updates before submitting your ticket. These factors move lines quickly and can increase volatility. Watch how the market responds and adjust your ticket if you must to maintain your chances of success.
Mix Bet Types for Balance
Combine low-risk legs with one or two high-risk selections. For instance, you can pair a single player prop and a favorite’s moneyline. This will make the bet reachable while still enhancing the potential payout. Even so, be cautious with correlated legs, which may affect your ticket.
Bankroll Management
Parlays come with higher variance than single bets, so you must size your bets. A conservative approach is to use 1% of your bankroll per ticket. Aggressive bettors use 2-3% of their bankroll per bet. Select what you can handle and only bet what you can afford to lose.
Use Promotions and Insurance Wisely
While it is advisable to take advantage of promotions like parlay insurance, profit boosts, and odds boosts, you must exercise caution. Read the terms and conditions to know what comes with the promotion. If it involves going out of your budget or ignoring your strategy, avoid it.
Consider Round Robins for Lower Risk
Round robins work by splitting a group of selections into multiple smaller parlays. They may cost more than a regular parlay; however, you may still win even if some of the legs fail. So, if you want to try many legs and avoid the all-or-nothing approach, round robins will be suitable.
Legal and Responsible Online Betting Considerations
For a more exciting experience, bet legally and responsibly. Know the regulations of online sports betting where you live.
State Regulations
Begin by confirming that online betting is legal in your state. Every state has its own laws, and licensed operators must abide by them. Common laws govern consumer protection, audits, taxation, etc. Be aware of all these to be on the safer side.
Age and Verification
Among the regulations in each state is the minimum betting age. Most states use the age of majority, while others have different rules. For instance, the age of majority may be 18, but the minimum age for betting is 21. Therefore, confirm the exact age before you register for an account or deposit.
Responsible Gambling Practices
Do not lose control over your betting activities. Useresponsible bettingtools like deposit, time, and stake limits to control how much time and money you spend. Other features like self-exclusion, reality checks, and reminders will also help you play safely. However, if betting gets out of control, reach out to 1-800-GAMBLER for help.
Your Guide to Safer and Smarter NFL Parlay Betting
Placing an NFL parlay online is straightforward with the proper steps. You must conduct extensive research, analyze available data and odds, then register for an account. Shop lines, make more informed selections, and limit your legs to what you can manage. Stay disciplined and do not chase headline payouts unless you are very confident in your strategy.
Treat parlays as occasional plays for fun and not profit guarantees. Remember, many legs increase the risk, and the sportsbooks always have a bigger margin. Nevertheless, NXTbets continues to help you make more informed bets. We offer comprehensive resources on the NFL betting systemsthat can help improve your gaming and increase your chances of success.
How Do Sportsbooks Decide Which Legs Can or Cannot Be Combined?
Sports restrict or block legs that strongly depend on the same event. They typically use algorithms to detect these correlations and either void or reprice them.
What is the Difference Between A Regular Parlay And A Teaser?
A regular parlay pairs multiple legs into one ticket and combines the standard lines at the posted odds. However, a teaser changes either the spread or the total in your favour. That could be shifting a team from -7 to -1. The downside is that the sportsbook will reduce the payout. Teasers are common in NFL betting because key numbers like 3 and 7 often decide games.
Can I Cash Out an NFL Parlay Before All Legs Are Completed?
Some sportsbooks allow you to cash out early. The value may, however, be lower depending on the number of legs that have already hit, and the live odds at the time of cashing out. Even though an early cash out minimizes losses, the payouts may be lower because the books price them in their favour.
Please refer to Affiliated Operators’ T&C. Void where prohibited. Gambling problem? Call 1-800-GAMBLER.
You do not have to be an expert or a seasoned bettor to succeed in NFL betting. While various factors shape game outcomes, research-based NFL betting strategies increase your chances of making accurate predictions. Guesswork or gut feeling may secure you one or two wins, but they end up hurting your bankroll or ruining your …
The UCI Cyclo-cross World Championships represent the peak of cyclo-cross (CX) bike racing. Olympic mountain bike champion and multi-discipline superstar, Tom Pidcock, has referred to it as ‘100% the hardest discipline.’ Picock attributes this reasoning to the race’s intensity, focus, and the mental drain of competing in harsh winter conditions. The short, hour-long races are …
If you need the best platform for your sports betting debut, look no further than William Hill. This top UK bookmaker has what most bettors need for a rewarding experience, including sign-up bonuses and promos. For example, as a new user, you can earn £30 in bonus bets from a £10 stake, subject to specific …
In the contemporary sports media environment, soccer viewership has reached unprecedented levels. Major global leagues like the English Premier League command huge numbers, with an estimated 3.2 billion people tuning in during a season. In North America, Major League Soccer (MLS) has demonstrated remarkable growth. It draws over 12.1 million fans for in-person attendance in …
How to Place NFL Parlays Online
Table of Contents
The NFL parlays bring some of the largest payouts in sports betting if they hit. The excitement comes from pairing multiple bets into one ticket and watching them unfold in real time. Online sportsbooks make the experience even better through live updates, wide markets, and tools to help you build parlays in minutes.
However, you must know that the risks in NFL parlays are also high. Sportsbooks’ policies on voided games or pushes can also affect the payout. Therefore, you must understand these details to make more informed parlays.
At NXTbets, we offer practical tools and resources to help you build smarter parlays. We provide expert analysis of the parlays markets, tips on responsible gaming, and strategies to enhance your gaming. In this guide, we will discuss how to place NFL parlays online.
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Step by Step: How to Build and Place an NFL Parlay Online
Placing an NFL parlay online is simple once you know how it works. Major sportsbooks like FanDuel, DraftKings, and BetMGM have slightly different layouts, but you can navigate them using the same procedure. Here’s how to go about it:
Step 1 – Registering and Funding Your Account
You cannot bet without a sportsbook account. So, start by signing up with a licensed operator in your state. Most books like DraftKings and FanDuel will ask for your name, email address, date of birth, and a password. They might also ask for your national identity number, driver’s license, or social security number to verify your identity. These checks are aimed at preventing underage and illegal betting.
Once your account is verified, you will need to deposit funds. Most platforms accept PayPal, online banking, debit cards, or prepaid cards. Some allow Apple Pay and Venmo. Use an option you trust and know how to use. Similarly, confirm the minimum deposit requirements and welcome bonuses attached to signing up and initial deposits.
Step 2 – Navigating to the NFL / Parlay Section
This step varies by platform. However, for FanDuel, you will see the NFL listed under Popular sports on the homepage. DraftKings has a Pro Football section where you will find the NFL. Once you click on NFL, you will see the available games, props, totals, and futures.
To start building a parlay, click the bets you want. Each selection you make will appear on your bet slip. In FanDuel, for instance, you will see Combine Bets, while DraftKings allows you to toggle between Single and Parlay. As you keep adding the bets, the platform will identify them as a parlay.
Step 3 – Selecting Your Legs
Now here is where the fun lies. As you choose your legs, depending on the sportsbook, you can include spreads, totals, moneylines, and even player props. For example, you can have Christian McCaffrey to score a touchdown, over 47.5 in Chiefs vs. Bills, and Eagles -3.5 against the Giants.
However, remember that the books regulate what you can combine. For instance, unless it is a Same game parlay, most sites do not allow correlated legs. FanDuel has some of the best same-game parlay features and tools that you can try.
Step 4 – Reviewing Your Bet Slip and Odds
Review your bet slip to confirm that every selection is correct. Double-checking details is also crucial because of how fast odds shift, especially on game day. For example, if you selected the Giants at -3 and the line moves to -3.5, your slip will change. Some books, like DraftKings, highlight the changes in yellow so you do not miss them.
Additionally, books show parlays’ odds after multiplying the odds of every leg. If you build a three-leg parlay with +600, a stake of $100 will likely return $700, inclusive of the stake. This is why parlays are always attractive. However, remember that the chances of success go lower with every additional leg you add.
Step 5 – Entering Stake & Confirming the Parlay
If you are satisfied with your slip, enter your stake. Most books will show the potential payout immediately. Submit your ticket and wait for a confirmation message. Save this in case you want to review it later or dispute a payout.
Optional Live Bets
Some betting platforms like BetMGM allow you to place live NFL parlays. For example, say the Cowboys are ahead at halftime, you could add them to your ticket to win the second half along with other legs. If you decide to try live bets, you must be quick because odds change so fast.
Choosing the Right Online Sportsbook
Oftentimes, the book you choose determines your parlay experience. Rules, odds, and promotions vary across sites, and so the right choice matters. Here are some things to look at before you sign up for a sportsbook account:
Legitimacy and Licensing
The first thing should be confirming that the sportsbook is licensed to operate in your state. Most books display their licenses at the bottom of the app or website. The local authorities audit licensed betting sites to ensure the fairness of play and security of transactions.
Do not choose an offshore sportsbook that is not regulated and will probably require you to use a VPN to access your account. These may subject you to higher risks for security and payout issues.
Available Bet Types and Parlay Options
After confirming that the sportsbook is licensed, check if it has the parlay features you are looking for. Most books offer same-game parlay, multi-leg options, with a wide range of player props. Others also provide round robins and teasers for more flexibility. Look for a book with deeper parlay tools to maximize your experience.
Rules and Policies Differences
Rules, especially on pushes, vary by sportsbooks. Some void the pushed leg and recalculate the parlay. For instance, if it were a four-leg parlay and one leg ends in a push, it will be voided, turning the parlay into a three-leg parlay. Others cancel the whole parlay if one leg is pushed.
Similarly, sportsbooks allow different limits. Some allow a maximum of 12 legs while others allow only 10. The rules on correlated legs also vary. Most books prohibit correlated legs and will disqualify your parlay outright. Always read the terms and conditions before you bet.
Bonuses, Odds Boosts, and Promotions
When it comes to parlays, sportsbooks compete with promotions. Others offer odds boosts, while some offer parlay insurance, refunding your stake if, say, one leg fails to hit. Some also provide profit boosts, adding 20-30% onto your payout.
These promos can enhance your bankroll, but you must read the fine print. Most of them require specific odds or cap the number of legs. Do not chase a promo if it means violating your bankroll management rules. Always stay disciplined to your strategy.
Understanding Odds, Payouts, and Risk Online
As you plan on placing NFL parlays online, you must understand how odds and payouts work. Let’s have a look:
Odds Formats and How Parlays Multiply Them
There are three common types of odds: decimal (3.5), fractional (3/2), and American (+110/-150). For parlays, it is easier to work with decimals. So, begin by converting the odds to decimals and then multiplying them. The result will give you the parlay’s decimal payout. You can use a parlay calculator for more efficient and quicker calculations.
Otherwise, here is an example for a guide. Say the legs are -200, -110, and +150:
Therefore, a stake of $100 will return $716, inclusive of the stake. This shows how parlays multiply into potentially larger payouts.
Implied Probability of Parlays
A given odd shows the implied probability. If you want to see the real risk, convert the odds to implied percentages. American odds are easier to work with because you do the standard conversion. So, if the odds are -110, it means a 52.38% implied probability.
If you are working with independent legs, multiply their implied probabilities to get the parlay’s implied probability. For example, if you have a four-leg parlay of all -110, the overall implied probability is roughly 7.5%. This shows a very low chance of the parlay hitting.
Correlated Bet Warning
A correlation means two or more legs depend on the same event occurring. For example, pairing a quarterback’s passing yards and his favorite receiver’s receiving yards will likely be correlated. Depending on the sportsbook, such a correlation may be blocked, limited, or repriced.
Bottom line: do your research and analysis before you lock in your bet. Shop lines for the best prices and use parlay calculators for accurate calculations.
Strategy and Best Practices for Online Parlays
NFL parlays often reward a solid strategy, smart selections, discipline, and patience. The first tip is to use parlays occasionally and not for long-term play. Additional strategies to consider include:
Limit the Number of Legs
If you are a beginner to NFL parlays, start with two to three legs for most tickets. Every leg you add lowers your chances of success. However, if you are seasoned, keep the number of legs reasonable and manageable. DO not chase a bigger payout if you cannot contain it.
Value and Odds Shopping
Always shop lines across multiple sportsbooks before you submit your parlay. Minor differences, such as a leg at +120 in one book and at +130 in another, can make a significant difference in the payout. Use line shopping tools or create multiple sportsbook accounts to make your comparisons.
Time Your Bets
Track late news and injury updates before submitting your ticket. These factors move lines quickly and can increase volatility. Watch how the market responds and adjust your ticket if you must to maintain your chances of success.
Mix Bet Types for Balance
Combine low-risk legs with one or two high-risk selections. For instance, you can pair a single player prop and a favorite’s moneyline. This will make the bet reachable while still enhancing the potential payout. Even so, be cautious with correlated legs, which may affect your ticket.
Bankroll Management
Parlays come with higher variance than single bets, so you must size your bets. A conservative approach is to use 1% of your bankroll per ticket. Aggressive bettors use 2-3% of their bankroll per bet. Select what you can handle and only bet what you can afford to lose.
Use Promotions and Insurance Wisely
While it is advisable to take advantage of promotions like parlay insurance, profit boosts, and odds boosts, you must exercise caution. Read the terms and conditions to know what comes with the promotion. If it involves going out of your budget or ignoring your strategy, avoid it.
Consider Round Robins for Lower Risk
Round robins work by splitting a group of selections into multiple smaller parlays. They may cost more than a regular parlay; however, you may still win even if some of the legs fail. So, if you want to try many legs and avoid the all-or-nothing approach, round robins will be suitable.
Legal and Responsible Online Betting Considerations
For a more exciting experience, bet legally and responsibly. Know the regulations of online sports betting where you live.
State Regulations
Begin by confirming that online betting is legal in your state. Every state has its own laws, and licensed operators must abide by them. Common laws govern consumer protection, audits, taxation, etc. Be aware of all these to be on the safer side.
Age and Verification
Among the regulations in each state is the minimum betting age. Most states use the age of majority, while others have different rules. For instance, the age of majority may be 18, but the minimum age for betting is 21. Therefore, confirm the exact age before you register for an account or deposit.
Responsible Gambling Practices
Do not lose control over your betting activities. Use responsible betting tools like deposit, time, and stake limits to control how much time and money you spend. Other features like self-exclusion, reality checks, and reminders will also help you play safely. However, if betting gets out of control, reach out to 1-800-GAMBLER for help.
Your Guide to Safer and Smarter NFL Parlay Betting
Placing an NFL parlay online is straightforward with the proper steps. You must conduct extensive research, analyze available data and odds, then register for an account. Shop lines, make more informed selections, and limit your legs to what you can manage. Stay disciplined and do not chase headline payouts unless you are very confident in your strategy.
Treat parlays as occasional plays for fun and not profit guarantees. Remember, many legs increase the risk, and the sportsbooks always have a bigger margin. Nevertheless, NXTbets continues to help you make more informed bets. We offer comprehensive resources on the NFL betting systems that can help improve your gaming and increase your chances of success.
Subscribe to our newsletter for more updates on NFL parlay betting.
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Offer Score
Frequently Asked Questions (FAQs)
Sports restrict or block legs that strongly depend on the same event. They typically use algorithms to detect these correlations and either void or reprice them.
A regular parlay pairs multiple legs into one ticket and combines the standard lines at the posted odds. However, a teaser changes either the spread or the total in your favour. That could be shifting a team from -7 to -1. The downside is that the sportsbook will reduce the payout. Teasers are common in NFL betting because key numbers like 3 and 7 often decide games.
Some sportsbooks allow you to cash out early. The value may, however, be lower depending on the number of legs that have already hit, and the live odds at the time of cashing out. Even though an early cash out minimizes losses, the payouts may be lower because the books price them in their favour.
Please refer to Affiliated Operators’ T&C. Void where prohibited. Gambling problem? Call 1-800-GAMBLER.
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