If you’re new to the FanDuel Sportsbook app and wondering how to place a parlay, you’ve come to the right place. Betting Hero is here to help. We’ve prepared a comprehensive guide to help you understand and place parlays effectively. Let’s start by explaining what a parlay is and then dive into a real-world NBA parlay example.
Understanding Parlays on FanDuel
A parlay is a type of bet that combines multiple outcomes into one wager. To win a parlay, every individual outcome within it must win. This complexity offers higher potential rewards compared to single bets.
The Appeal of Parlays
- Higher Potential Payouts: Since parlays involve multiple outcomes, they offer the chance for larger payouts.
- Added Excitement: Combining several bets into one parlay adds a layer of excitement to your sports betting experience.
Real NBA Parlay Example
Imagine you’re interested in placing a parlay on NBA games. You decide to bet on the following outcomes:
- Los Angeles Lakers to win against the Golden State Warriors
- New York Knicks to cover the spread against the Boston Celtics
- Miami Heat vs. Houston Rockets game to hit over the total points
In this parlay, you need the Lakers to win, the Knicks to cover the spread, and the Heat-Rockets game to go over the total points for your parlay to win.
Placing a Parlay on FanDuel Sportsbook App
When you select multiple bets on the FanDuel Sportsbook app, they appear on your bet slip. You can choose to place each bet individually or combine them into a parlay for potentially greater returns.
Strategies for Successful Parlay Betting
- Choose Wisely: Pick outcomes that you have researched well and feel confident about.
- Understand the Odds: Be aware of the odds for each selection in your parlay, as they determine the potential payout.
Balancing Risk and Reward
While parlays offer higher rewards, they also come with increased risk. Balancing these aspects is crucial for a responsible betting strategy.
FanDuel’s User-Friendly Betting Experience
FanDuel’s platform is designed for easy navigation, making parlay betting straightforward, even for beginners. Whether you’re a seasoned bettor or new to sports betting, FanDuel provides an enjoyable and user-friendly betting experience.
Making the Most of Your Parlay Bets
Parlay betting on FanDuel can be a thrilling part of your sports betting journey. With a bit of strategy and understanding, you can increase your chances of successful wagers.
Need Help with Your Parlay Bet?
FanDuel’s customer support team is ready to assist if you have any questions about placing a parlay bet. They ensure a smooth and enjoyable betting experience.
Let’s Place Your Parlay on FanDuel!
Now that you know how to place a parlay on the FanDuel Sportsbook app and understand the mechanics behind it, you’re well-equipped to try this exciting betting format. Dive into the world of sports betting with confidence and enjoy the thrill of parlay betting on FanDuel.
Step 1: Build Your Parlay From Available Events on FanDuel
Once you have the FanDuel Sportsbook App opened and are logged in, the first step is finding the events you want to build your parlay with. You can search for the events by scrolling the home screen or using the All Sports Menu.
In the video above, I am parlaying the Celtics and the Warriors on the point spread. To do this, I click on the Boston Celtics (1.5) tab in the Celtics vs. Bucks game line listing. I then scroll down to the Grizzlies vs. Warriors game line and click the Warriors -8 tab.
Any time you click on a line on the FanDuel Sportsbook app, that bet is automatically added to your “Betslip”. The bet isn’t confirmed until you enter a wager amount and send it to the sportsbook, however, so you can click on as many bets as you want to see how the odds stack up in a parlay.
You can click the “Betslip” tab at the bottom of the app at any time to bring up your current bets.
Step 2: Enter the Amount You'd Like to Wager
After selecting the legs of your parlay, the next step is to enter your wager amount. To do so, tap on the bet slip and type in the amount you want to wager in the parlay section. You’ll find the parlay section at the bottom of the bet slip.
For instance, in the video clip, you would place your wager amount in the “Wager” field under the “2-Leg Parlay” header. That field shows the payout odds of a two-leg parlay made from the Warriors and Celtics point spread bets.
Step 3: Place Your Bet
After selecting the legs of your parlay, the next step is to enter your wager amount. To do so, tap on the bet slip and type in the amount you want to wager in the parlay section. You’ll find the parlay section at the bottom of the bet slip.
For instance, in the video clip, you would place your wager amount in the “Wager” field under the “2-Leg Parlay” header. That field shows the payout odds of a two-leg parlay made from the Warriors and Celtics point spread bets.
Place your bet
The third and final step to placing a parlay is pressing the “place bet” button at the bottom of the screen. Once you press this green button, the bet is sent to the sportsbook.
Keep in mind that once you click the “Place Bet” button, the wager becomes final. Also note that the bet isn’t placed until you click the “Place Bet” button.
How To Parlay On FanDuel FAQ
What states allow FanDuel parlays?
How do you make a FanDuel same-game parlay?
Keep in mind that not all games/events include the option to make a same-game parlay bet.
Can you have multiple parlays on FanDuel?
A convenient way to make multiple parlays from a given list of bets is to use the “round robin” option, which splits a list of wagers into smaller groups of parlays. For more on round robin betting at FanDuel click here.
Do you have to hit every leg on a FanDuel parlay bet to win?
Access our full library of FanDuel help articles for more information or read our detailed FanDuel review. You can also jump straight to our list of the best sportsbook promotions for your state.
