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- [ NFL Betting ]
- [ State Betting ]
- [ Guides ]
The NFL offseason is heating up and the schedule release is coming later this spring. Once the schedule is out, online sportsbooks will put together thousands of different odds for players to choose from when building their NFL parlays. Stay up to date on the latest NFL odds to help you build your best NFL parlay.
Those located in North Carolina can soon legally bet on sports starting in early March 2025. Stay on top of the best North Carolina betting apps set to launch on March 11, 2025.
An NFL parlay is a combination of individual NFL bets that create higher odds and, thus, larger potential payouts. What makes a parlay unique is that all legs of a parlay must be successful in order for it to pay out. For example, if a bettor placed 10 individual $110 bets on NFL odds of -110 and went 9-1 on those plays, they'd earn $790 in profit having risked $1,100 in total. If they placed a $100 wager on 10-leg parlay with those same odds and went 9-1, they would earn $0 but only risked $100.
However, let's say they went 10-0. In the first scenario, the bettor would be up $1,000. However, a $100 10-leg parlay would pay more than $64,000! There's much higher reward here, but it's obviously more difficult to go undefeated to earn a parlay payout.
There are a few different variations of NFL parlay bets that bettors can play on NFL betting apps. These are the most popular.
Newer to the online sportsbooks over the last few years is the same-game parlay, also known as a One Game Parlay. An NFL same-game parlay takes odds from a single game to create a parlay.
For example, a bettor could place a same-game parlay on Chiefs-Bills that included Over 52.5, Patrick Mahomes over 311.5 passing yards, Stefon Diggs under 96.5 receiving yards and Josh Allen to rush for a touchdown. Previously, bettors could only choose one set of odds from an individual game to put in their multi-game parlay. Now they can build their own parlays.
A multi-game parlay is more common and features each leg of an NFL parlay coming from a different game. Examples include a parlay on Bears-Falcons over 44.5, the Packers to cover -3.5 against the Chargers and Ja'Marr Chase to score the first touchdown in Bengals-Ravens.
It could even include NFL futures such as NFC South Division winner or NFL MVP odds. Whereas Same Game Parlays "only" have hundreds of different odds, betting multi-game parlay gives players thousands of options.
Teasers are parlays in which players "buy" points on specific totals and spreads, with odds changing accordingly. For example, a 9-point teaser would turn the Chiefs from -4 to +5 and the Bills-Bengals total from over 48.5 to over 39.5. There are smaller payouts on these types of parlays, but getting the "free" points makes it more likely to win.
Round robin parlays create mini-parlays within the original one you created. For example, a three-team parlay with the Chiefs moneyline, Packers moneyline and Colts moneyline could become a round robin in which three mini-parlays would be created: Packers and Chiefs; Chiefs and Colts; and Packers and Colts. There are more avenues to win here, and you don't NEED all legs to be successful to earn some sort of payout.
Parlays are carefully calculated by an algorithm that determines the likelihood of all individual wagers being successful. The implied odds of a three-leg parlay hitting with -110 odds hitting is 14.3%, which equates to the approximately +600 odds that oddsmakers set. Because the "house" always has an advantage, your odds are likely to be a little lower than the implied probability of the NFL parlay you create.
NFL parlay betting is a simple task. It's the same as placing an individual bet on the sports betting apps of your choice, except you're clicking on multiple sets of odds, with the online sportsbook automatically combining them into a parlay that spits out a new set of odds.
Sportsbooks will let you know if the selections you've made cannot be turned into a parlay, but just about any set of odds you click on can be parlayed. Once you've made your parlay, simply place your bet and watch it play out.
Our favorite parlay strategy is to correlate your picks to some degree. Let's take a same-game parlay between the Chiefs and Bills for example. If your parlay includes the Chiefs over 28.5 points, it probably makes sense to add Patrick Mahomes to throw for over 2.5 touchdowns when looking at potential sports betting apps to add to the bet.
If you bet the Chiefs to cover the spread, you're assuming the Bills will be playing from behind, which means betting on Josh Allen's over passing yards total makes sense. Additional strategies for NFL parlay betting include betting on home underdogs, taking weather conditions into account (especially for totals) and being realistic about your parlays (as much as we'd all love to hit on that 15-game parlay, it's almost certainly throwing money away).
Now that you're better informed on making NFL picks and combining them into NFL parlay bets, it's time to actually create them and start earning cash from them.
Below is a list of the most popular NFL betting sites, the best features they offer surrounding NFL parlays and the sportsbook promo codes new players can use when they choose to register for an account there and what they'll earn from it. Note that bettors can sign up for as many welcome bonuses as they want to so long as that operator is live in the state they're in.
BetMGM's Parlay Builder is a unique tool that gives bettors the ability to create parlays all in one spot. You won't need to jump around and click through to different pages here, making it simple to both create your parlay and see your odds update in real-time.
Bettors who register for a new account using the BetMGM bonus code USATODAY will receive a first bet offer worth up to $1,500.
BetMGM is one of the North Carolina sports betting entities already and the BetMGM North Carolina bonus code offers new players $150 in bonus bets.
Looking to maximize your winnings? Caesars Sportsbook is the place to be. It's known for having dozens of boosted odds on NFL parlays that they create themselves. Browse through the list to see what's available and exactly how high the parlays have been boosted. There's potential for serious winnings here.
On top of that, new players can get a first bet worth up to $1,000 on Caesars by signing up with the Caesars Sportsbook promo code USATODAY1000. If your first bet loses, Caesars credits your account with a one-time bonus bet equal to your initial wager up to $1,000. Customers have 14 days to use the bonus bet before it expires.
As an official sponsor of the NFL, Caesars is also one of the premier Super Bowl betting sites.
The Fanatics Sportsbook promo code gives new customers who establish an active account up to $1,000 in bonus bets – up to $100 a day for the first 10 days after you open your new account.
BetRivers is known for having one of the best local flairs of any online sportsbook on this list, meaning it's great for players who are fans of the teams in the state they're betting in. This includes odds boosts and insurance on local teams, especially when they're playing in primetime slots.
Second chances rarely come around in the online sports betting world, but there's one available for new users who sign up with the BetRivers promo code offer. New players will receive a second-chance bet up to $500, meaning their first wager will net them cash profit or matching bonus bets for a second chance to earn back their original funds.
FanDuel offers some of the largest arrays of betting options for parlays, including same-game parlays. The added bonus to some of these wagers is that FanDuel constantly offers insurance on these types of wagers. If bettors lose their parlay by a single leg (3-1, 4-1, etc.), they'll receive a portion of their original wager (typically $5 or $10) back in the form of a bonus bet.
New players who register for an account using the FanDuel promo code offer will receive $200 in bonus bets when they place and win their first wager of $5 or more. FanDuel has daily profit boosts as well.
If you're in Kentucky, try the FanDuel Kentucky promo code this NFL season for a great welcome offer as sports betting is now live in the Bluegrass State. Fans in North Carolina will be able to enjoy the FanDuel North Carolina bonus code this season and receive $250 in bonus bets.
Bettors at DraftKings have two routes to take when it comes to NFL parlays. DraftKings offers odds boosts on NFL parlays that allow players to create the parlay using the legs they want and then getting to boost odds on it. DraftKings also generates their own themed parlays if bettors don't want to dig through the site for their own odds. There's real versatility here in getting to choose the legs you want to boost.
The DraftKings promo code has new offer that gets new customers $150 in bonus bets instantly.
Note that with Kentucky launching sports betting last fall, Kentucky residents can take now advantage of the DraftKings Kentucky promo code as well. The latest state to launch sports betting is North Carolina and football fans in NC can now cash in on the DraftKings North Carolina promo code for $250 in bonus bets.
The thrill of winning an NFL parlay is unlike just about anything else when it comes to online sports betting. Seeing green checkmarks next to every single leg (and those funds in your virtual wallet) makes it worth shooting for the stars.
It's important to keep expectations in check and to be reasonable with your wagers, though. For every miracle story you hear of a player cashing out $10,000 on a $10 parlay, there are 30,000 people who came up short. That's why parlays should only be a part of your overall betting strategy. Pick and choose the spots, find the best value and feel confident in the NFL parlay you've placed to maximize both the enjoyment you'll get and the potential for payouts.
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