One of the reasons sports bettors in the USA head to DraftKings is for its excellent parlay betting opportunities. The sportsbook fashions itself as the go-to place for props bets and player bets, wagers that can play havoc in the hands of an expert parlay bettor.
On this page, we are going to dive into how you can make parlay bets at DraftKings, and what constraints or restrictions you may come up against. We will also delve into what types of markets the king of US betting sites has to offer, and how what further parlay betting options it provides.
How to Parlay Bet at DraftKings
DraftKings has an intuitive interface, making parlay betting a cinch for everyone from beginners to professionals. Simply open the betting markets for any sport and you can click the odds on any wager, which will then be added to your bet slip. On desktops, the bet slip is on the right hand side of your screen, but if you are using the sports betting app from DK, then you can simply click Bet Slip to view all your selections. Scroll to the bottom of the slip, and there will be an option to parlay bet.
The odds on all your selections are compounded and calculated automatically, and by typing in a stake you can see just how much your bet stands to win. You can review your bet slip, delete any wagers, and add new ones. When you are ready, just type in the stake and submit the bet.
The minimum stake is 10 cents, and your Bet Slip can accommodate up to 20 selections, giving you plenty of ammunition to hit super parlay returns. Given that DraftKings has a $5 minimum deposit, your money can go a really long way on parlay wagers.
Special Parlay Betting Features/Types of Parlay
DraftKings does not just offer you the chance to make simple parlays, but it provides several special features and types of parlay bets. Each of these types of parlays has its own use and special betting conditions, which we will go into now.
DraftKings Teaser Bets
Teasers are parlay bets that change betting spread lines. Basically, you pick a bunch of spread bets, and then you can alter the lines on all of them, adjusting the lines to meet your needs. DraftKings allows you to pick up to 6 spread bets, and to select 6-point, 6.5-point or 7-point teasers.
Let’s say you bet on the Chiefs @ -5.5, the Seahawks @ +2.5, and the Browns @ -3.5. All the wagers come at odds of -110. A 6 point teaser would change the betting lines, so that now the spreads would be the following:
6-Point Teaser Shifted Lines
Chiefs Spread: -5.5 becomes +0.5
Seahawks Spread: +2.5 becomes +8.5
Browns Spread: -3.5 becomes +2.5
The odds will shorten considerably, from +595 with a parlay bet, to +160 with the teaser. But in return, the risk is reduced to a minimum. The negative lines on the Chiefs and Browns have now become positive, and the Seahawks have a solid +8.5 points added onto their score.
DraftKings Round Robin Parlays
Round robins use a combination of cross parlays to give you extra coverage with your slip. There are lots of different types of round robins, and it all depends on how many selections you have on your bet slip. For example, if you have 6 selections, you can make 2 Pick, 3 Pick, 4 Pick or 5 Pick Round Robins.
A 2 pick round robin with 6 selections means that instead of placing 1 big bet, you will place 15 two leg parlay multiples, covering all possible cross parlay combinations. In this case, with 2-Pick Round Robins on 6 selections, you will get the following:
- Bets 1+2
- Bets 1+3
- Bets 1+4
- Bets 1+5
- Bets 1+6
- Bets 2+3
- Bets 2+4
- Bets 2+5
- Bets 2+6
- Bets 3+4
- Bets 3+5
- Bets 3+6
- Bets 4+5
- Bets 4+6
- Bets 5+6
But if you were to pick a 5-Pick Round Robin, then you will only have 6 cross parlay combinations:
- Bets 1+2+3+4+5
- Bets 1+3+4+5+6
- Bets 1+2+4+5+6
- Bets 1+2+3+5+6
- Bets 1+2+3+4+6
- Bets 2+3+4+5+6
DraftKings allows you to go up to 19 Picks if you have 20 selections on your bet slip, and you can combine as many round robins as you like. For example, you can bet on all the 2 Pick (15) and 5 Pick (6) round robin wagers on your 6 selections, but bear in mind that you will need to place 21 stakes to place that wager. What it offers is better coverage and more opportunities to make money even if 1 or more of your picks lose.
DraftKings Same Game Parlay
For each sports event, DraftKings has a SGP mode toggle button. Click it and you can view all the different lines and props bets that can be combined into one same game parlay. The platform also has a Quick SGP category, where you can check out different preselected SGP combinations, categorized by the odds or which team you want to bet on. I wouldn’t use preselected wagers often myself, but it is a great go-to for newcomers or experienced bettors who need a little inspiration (or just to check what types of bets they can combine).
What’s more, DraftKings allows SGPx bets – in which you combine two or more SGP wagers. The bet slip is very flexible, and there are no shortage of props bets to pick from, making DraftKings one of the best betting sites when it comes to forming SGP or SGPx wagers.
DraftKings Progressive Parlays Feature
Progressive parlays are quite a rare feature and not many sportsbooks have it. These are parlay wagers that come with a little room for error. If one of your selections fails to come through, instead of losing your bet, you will get a minimal payout. To compensate for this leeway, your potential returns will not be as large as a normal parlay, but on the bright side, you can still make money or break even if some of your predictions don’t come through.
| Number of Bets in Progressive Parlay | Allowed Losses |
|---|---|
| 3-5 Bets | 1 |
| 6-8 Bets | Up to 2 |
| 9 or 10 Bets | Up to 3 |
| 11 or 12 Bets | Up to 4 |
You must have a minimum of 3 bets on your slip to form a progressive parlay at DraftKings. Pushed bets count as losses, and if any bets are voided, they are simply subtracted from the progressive parlay – and don’t count as a loss. If you have too many voided bets and don’t have the minimum requirement of 3 valid wagers to form a progressive parlay, the whole parlay is considered void and you will receive your stake back.
Almost any types of wagers can be used for progressive parlays, including spreads, Totals, and a few popular player props (passing yards/receiving yards/rushing yards in NFL, for example).
DraftKings Sportsbook+ – Only in NY
DraftKings Sportsbook+ is a feature DraftKings launched at the end of 2024. It gives bettors the chance to squeeze better returns out of their parlays. It is a subscription that has a one-month free trial, followed by a monthly cost of $20. DraftKings Sportsbook Plus is currently only available for players in New York; you must be physically located in the state to use the service.
Basically, this subscription will boost your parlays, whether they are on multiple games or you make a same game parlay. You have unlimited boosts during your subscription period, which can extend your potential returns by up to 100%. It works in the following way.
- Sign up for DraftKings Sportsbook+ in the DK Shop
- Add picks to your bet slip
- Stake your bet (max wager $25)
- Apply Step Up boost
You get Step Up tokens that can be applied to your wagers, which will then boost their returns. The boost depends on how many legs you have in your parlay, and you must meet the conditions for the odds. To max out the Step Up boost, you add 11 legs to your parlay and watch as your potential odds double.
First Month Free Promo Code: TRYPLUS
Special Bonuses for Parlay Bettors at DraftKings
DraftKings regularly rewards players with incentives, and a lot of these can be used in your parlay bets. SGP/Parlay profit boosts, reload deposit offers, bonus bets, no-sweat parlay bonuses (parlay insurance) are all part of the fun of betting at DraftKings and can be used to fund your next parlay wagers.
Bonuses come in regularly, especially for NFL, NBA and college sports betting. When a big event comes along, like the NFL Super Bowl or a UFC high-profile fight, you can expect DraftKings to promote the event with a grand variety of generous bonuses.
DraftKings – Enhancing Your Parlay Betting
Make no mistake, DraftKings is easily among the best sportsbooks for parlay bettors. The sheer volume of parlay betting features, betting markets, and parlay bonuses give you great value for money. And I haven’t mentioned that DraftKings has some of the lowest juice out there, providing highly competitive prices on odds and betting lines.
The DraftKings mobile app has all the same features and accessories for parlay betting, so you can confidently take your parlay betting with you wherever you go.
