How To Bet A Multi-Sport Parlay And Get Free Insurance On FanDuel Sportsbook

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.

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.

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.

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.

Get Up to $1,000 Paid Back in Bonus Bets

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.

About the Author

Martin Derbyshire

In his over 10 years covering the US online poker, legal NJ online gambling, and land-based casino industries, Martin Derbyshire has worn the hats of award-winning journalist and video and film producer. He has logged countless miles reporting on the world of high stakes gambling.