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US Gambling Sites / DraftKings Parlay Bets - How To Do A Parlay On DraftKings

DraftKings Parlay Bets - How To Do A Parlay On DraftKings

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Last Updated on 06/02/2023
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Use the DraftKings bonus on your next parlay bet

DraftKings Sportsbook BonusParlay bets are straightforward in concept. They refer to more than one market selection being collected into one bet, with cumulative odds meaning often massive payouts. However, there’s greater risk, as any selection losing will forfeit your entire stake.

It’s the exact same concept with Draftkings parlay bets. However, the practicalities of placing these wagers can vary between certain operators. That’s why this guide will be breaking down all the things you need to know to parlay bet with Draftkings.

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How to utilize Draftkings parlay bets

Alongside great parlay sports betting options, Draftkings are also wonderfully user-friendly. So, getting started is a breeze. Here’s a step-by-step guide.

Look for relevant promotions

If you haven’t registered with Draftkings yet, it’s a good idea to head over to the promotional page before anything else. Bonuses change all the time but often, new customers can find generous offers. There may also be bonuses relevant to parlay bets. Essentially, you’re here to look for anything which can give your Draftkings parlay bets a boost.

Time to register

If you’ve already registered with DraftKings, you can simply skip the step. If not, you’ll be happy to hear registration is easy.

Click ‘Log In’ at the top-right corner and you’ll be taken to the sign in screen. This will come in handy in our next step. But for now, click ‘Sign Up’ just below. From here, you’ll be asked to provide some details, including your address, name, email, and date of birth. This is also where you’ll be asked to input any promo codes you have, which is why we made looking for relevant promotions our first step. When you’re done, just confirm your account and registration and you’re good to go.

Sign in

Following registration, you should be automatically logged in. If not, head over to that log in screen we mentioned before at the top-right of the home page. All you need to do here is type in the email and password you just used.

Deposit

Now you’re in your account and everything is verified, you should be able to set up payment. After all, there’s no use knowing how DraftKings parlay bets work if you’ve nothing to bet with.

This is generally just a case of choosing your preferred payment method, providing DraftKings with all the relevant details, and confirming how much you wish to deposit. Online banking, credit/debit card, gift cards and PayPal are typically available. Most deposits should also be instant, meaning you’re ready to go.

Make your parlay bet selections

Time to get moving with the Draftkings parlay bets. Now, find the markets you wish to put your parlay bet on. Make sure you’re on the sportsbook, not the fantasy betting side of the site, then locate the sport you’re interested in. From here, all available markets within that sport should be easy to find. Confirm whichever selections you want.

Finalize on the bet slip

Your selections will appear on the bet slip, which should be on the right side of your screen. Here, you can toggle between single bets, parlay bets and round robins. So, change your single bets to a parlay if needed to combine all your wagers together. If there’s been a mistake, you can adjust them here.

It will also allow you to see your potential payouts automatically – a kind of miniature parlay calculator. If you’re happy with your picks, stake and potential returns, place your bet.

Wait and see

You’ve officially initiated yourself into the world of Draftkings parlay bets. All there to do now is sit back, enjoy your favorite sports and hope your luck comes in.

How does Draftkings compare to parlay betting elsewhere?

If you’re wondering how the process of Draftkings parlay bets stacks up to the competition, well, it’s very well designed and intuitive, but it’s largely what you would expect.

Operators may have slight differences, particularly when it comes to transferring the single bet into the parlay bet. However, we'd say that if you understand parlay betting with Draftkings, you should also understand Fanduel parlay bets or Caesars parlay bets too.

Conclusion: Accessible to all

While the mathematics involved with this kind of betting can be complicated, the concepts and practical steps don’t have to be. Draftkings parlay bets don’t require any expertise. In fact, we’d consider them among the most user-friendly betting options out there. Not only can complete newcomers understand how they work in minutes, but thanks to the potential of winning big with small amounts, these parlays are also accessible to even the most casual online gamblers.

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Draftkings parlay bets FAQ 

👍How do I parlay bet on Draftkings?

If you’ve never placed a parlay bet before on DraftKings, or if you’ve never placed a parlay bet at all before, and are wondering how, you’ve come to the right place. We know just how important it is to fully understand all the processes and steps required before that first wager, so we’ve dedicated an entire guide to just that.

❓How do I change a single bet to a parlay on Draftkings?

The most important part of understanding how to place a parlay bet on Draftkings is to know how to transfer a series of single bets over to a parlay. Our step-by-step guide to placing a parlay bet with Draftkings will explain that point specifically, so there’s no confusion on this kind of wagering.

💰Should I check for promotions on Draftkings before making a parlay bet?

In our look at how to place parlay bets on DraftKings, we’ll largely be focusing on how that wager is placed, from start to finish. Nonetheless, we do think there may be room for a little detour, should the bonus page be tempting enough. That means we’ll also be addressing where, if at all, promotions fit into the parlay betting process.

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