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NFL Parlay Betting Explained: How To Place The Best Parlays For NFL

Publish Date: 24/01/2024
Fact checked by: Josh Schwartz

Parlays on the National Football League matches are an exciting prospect for NFL bettors. NFL parlays offer higher rewards in comparison to singles markets at lower stakes. However, NFL parlays come with their fair share of risks.

With the league's viewership expansion, sportsbooks are racing to offer the best NFL markets. However, finding the right sportsbook for your NFL parlays may be challenging if you are new to NFL betting. We've curated a list of touch points in this article to inspect during your selection process to ensure you are on the right track.

What constitutes an NFL parlay - The fundamentals

Much like NBA parlays, NFL parlays are a single bet with multiple selections. All of your selections in the parlay need to win for the bet to return. These parlays can be a combination of moneylines, totals, spreads, and/or props. Additionally, you can create parlays with the markets from a single game or go for multi-game parlays.

The returns for NFL parlays are the product of the decimal odds of each winning selection; voided/canceled selections will be nullified when the final returns are calculated. There may be caps on the winnings from an NFL parlay; make sure you understand the terms associated while placing these parlays.

How are NFL parlays different from football parlays? Highly similar yet unique

NFL parlays are similar to general football parlays in almost every aspect. The only distinction is that NFL parlays contain selections only from the NFL. Sportsbooks provide bonuses and offers on such parlays to boost the NFL betting markets. In addition, NFL parlays tend to support a wider range of football betting markets as compared to regular football parlays.

How to bet an NFL parlay

Placing an NFL parlay bet is simple. Here's the process:

  1. Log into your personal betting account or go through a retail sportsbook
  2. Choose the bets you want to combine and put them to your betslip
  3. Decide the amount you want to wager. This is the stage where you can see your potential payout
  4. Review your wager for correctness, then submit the wager.

Selecting the right sportsbook for your NFL parlays - Our expert tips

A lot of factors determine whether a sportsbook is suitable for your NFL parlaying requirements. If you want the best NFL parlay bets, it is a good idea to spend time finding the right sportsbook. The five key factors that make an excellent NFL parlay bookmaker include:

Availability of markets

The ability to select player/team props in your parlays may be unavailable on some sportsbooks. Moreover, we've seen sites that limit their parlay bets selection to moneyline markets. This forces you to add riskier selections in your parlays, effectively reducing the possibility of walking away with a big payout. Additionally, make sure your sportsbook supports all NFL matches; smaller sportsbooks tend to limit the available matches to top billings.

Payments

Even though parlays are placed with smaller stakes, the payouts could be significant. Ensure that the sportsbook you select supports larger withdrawals on your preferred payment methods. You also should consider the fees charged by the site while making payments. Additionally, understanding the caps for parlay wins is also crucial. If you plan to wager on NFL parlays regularly, the payout cap might become an issue. Select a sportsbook only if you are comfortable with their payment and payout terms.

Security and licensing

Before signing up with any sportsbook, analyze their licenses. Make certain that the operator is legally cleared to operate in your region. Deposits and accounts may be locked if the sportsbook is unauthorized in your area. In addition to the legal aspects, you have to look into the security measures adopted by the website. Data and account security are of the utmost importance when selecting a sportsbook to deposit your stakes.

Website features

Even the best NFL parlay bets may have shaky moments. The ability to cashout a parlay is a necessity when you actively wager on them. Unfortunately, cashout functionalities are unavailable on certain sportsbooks, which should be a deal-breaker. Additionally, some websites also provide in-built parlay calculators that can come in handy when you are struggling to calculate the returns from a parlay. Finally, other website features like live streaming, match stats, etc., can enhance your NFL parlays.

Website features

Sportsbooks offer attractive rewards and loyalty programs to amplify your NFL parlays. Parlay boosts offer increased winnings on parlays based on the number of legs. In addition, welcome bonuses, free bets, and cashbacks can be leveraged to minimize your losses on parlays. Casual bettors use bonuses to wager on parlays which balances the risk-return ratio. Lastly, the loyalty programs offer higher caps and faster withdrawals on your NFL parlay winnings.

Conclusion - Find the sweet spot to make the most of your NFL parlays

NFL parlays have produced some enticing results in the past, with bettors walking away with huge payouts. As tempting as it may seem, your whole wager can come toppling down if something goes wrong.

Finding a sweet spot in creating the best NFL parlay bets includes the sportsbook you use. This may feel like a trivial point to some bettors, but as we have mentioned in this article, there are many ways the bookmaker can influence your selections; it's up to you to stay on top of it and make wise decisions.

Our top US NFL Sportsbook Sites

Bet365
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BetMGM Sportsbook
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Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
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NFL parlays FAQ

🏆 What should I look for in an NFL parlay site?

Similar to what we have seen with boxing parlays, the best NFL parlay bets are made on the top sportsbooks. There are multiple factors to assess while selecting your sportsbook for NFL wagering. You can read through our expert guide to know what to look for in your search.

🎖️ Which site provides the best NFL parlay options?

There is heavy competition between bookmakers to become the best NFL parlay site. The best for you is dependent on your gaming style and needs. You can refer to our in-depth guide on selecting the best sportsbook for your NFL parlay wagers.

🏈 How do NFL parlays work?

NFL parlays are parlays created with selections from NFL matches. NFL parlays offer higher returns in comparison to the singles betting market. In addition, you can potentially win big even with small stakes on NFL parlays. You can learn more about NFL parlays and the process of selecting a suitable NFL parlay betting site through our guide.

Top Betting Sites
Top Betting Promos
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
4.7/5
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
4.6/5
Bet365
Bet365 Promo
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM Sportsbook
BetMGM Sportsbook Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel Sport
FanDuel Sport Promo
Bet $5 Get $150 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
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