1. FanDuel Offers Same Game Parlay Insurance. In the past, the same game parlay was impossible as parlays were supposed to be from different games. But just like a significant change is happening in sports betting, some sportsbooks are experiencing change too. Currently, FanDuel lets you wager on the same game parlays. They also offer insurance.
2. FanDuel Tennessee Same-Game Parlay Insurance The Same-Game Parlay is exclusively available at FanDuel Sportsbook. Bettors in states such as Tennessee can place a.

• Fanduel Same Game Parlay
• Fanduel Sportsbook Nj
• Fanduel Parlay Insurance Reddit

Soccer Parlay Insurance

Visit ESPN to get up-to-the-minute sports news coverage, scores, highlights and commentary for NFL, MLB, NBA, College Football, NCAA Basketball and more.

1. Description of Promotion

The Soccer Parlay Insurance promotion (the “Promotion”) where participants who place a parlay wager of at least five legs on Eligible Games (as set forth herein) taking place on the same Eligible Day (as set forth herein) (maximum of one leg per Eligible Game) will receive a site credit available for use only on the FanDuel Sportsbook (“Sportsbook Site Credit”), equal to the amount of their wager (max $25) if one leg in their wager loses.

The Promotion is sponsored by Betfair Interactive US, LLC (“FanDuel” or the “Sponsor”), located at 6701 Center Drive West, Suite 800, Los Angeles, CA 90045. The terms “you” or “your” mean the person to whom a Promotion Bonus (defined below) is issued to upon satisfaction of the terms and conditions set forth in this Promotion. Redemption of the Promotion is expressly conditioned upon acceptance of and compliance with all of these Promotion “Terms and Conditions”. Promotion participants may be required to sign paperwork issued by the Sponsor.

2. Promotion Period

The Promotion will begin at 12:00 AM ET on December 5, 2020 and end at 11:59PM ET on February 11, 2021 (the “Promotion Period”)

3. Eligibility

The Promotion is only open to individuals who are at least 21 years of age and are physically present in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, West Virginia, Colorado, Virginia, Michigan, or Tennessee during the Promotion Period. If your social security number is associated with another FanDuel Account in Sponsor's database, you may only earn one Promotion Bonus in respect of all such FanDuel Accounts under this Promotion. Employees, officers and directors of the Sponsor, its affiliates, cable/satellite affiliates, advertising and promotion agencies, retailers, distributors, and each of such employees’, officers’ and directors’ immediate family members and/or those living in the same household (whether legally related or not) of each are not eligible to participate in the Promotion or receive a Promotion Bonus.

4. Action Required

You must opt-in to participate in this Promotion. After opting-in to the Promotion, use your FanDuel Account to place a pre-game parlay wager of at least five (5) legs on the eligible soccer games set forth in Section 10 (“Eligible Game(s)), taking place on the same Eligible Day, provided that the final price of the Parlay wager must be +200 or longer (an “EligibleWager”) during the Promotion Period. A maximum of one (1) leg may be placed on each Eligible Game. Limit of one (1) Eligible Wager per Eligible Day.

Fanduel Same Game Parlay

5. Claiming Promotion Offer

In the event that exactly one leg of your Eligible Wager loses, you will receive a Sportsbook Site Credit equal to the amount wagered in such Eligible Wager, up to a maximum of Twenty Five Dollars ($25) (“Promotion Bonus”). In the event that your Eligible Wager wins, or that more than one leg in your Eligible Wager loses, you will not receive any Promotion Bonus in respect of such Eligible Wager. If applicable, the Promotion Bonus (max $25 per Eligible Wager) will be credited to your FanDuel Account within seventy two (72) hours of the completion of the Promotion Period. Promotion Bonus recipients will be solely responsible for all federal, state, and local taxes, and for any other fees or costs associated with the Promotion Bonus received, regardless of whether the Promotion Bonus, in whole or in part, is used. The Promotion Bonus value may be reported for tax purposes as required by law.

6. Registration Procedures

To qualify for the Promotion, eligible individuals must have an active FanDuel member account (“FanDuel Account”) and verify your identity in order to play on the FanDuel Sportsbook. Creating a FanDuel Account at www.fanduel.com or https://sportsbook.fanduel.com is free. By submitting your information and creating a FanDuel Account, however, participants will be required to agree to the FanDuel Privacy Policy and Terms. If you do not agree to FanDuel’s Terms and Privacy Policy, you cannot create a FanDuel Account or participate in this Promotion.

7. Limitations on Participation

In addition to the Eligibility Requirements in Section 3, FanDuel reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. This Promotion is void where prohibited by law. Limit of one (1) Eligible Wager per person, per Eligible Day.

8. Wagering Requirements/Exclusions

Any wager placed prior to opting-in to the Promotion or after the expiration of the Promotion Period will not be deemed an Eligible Wager. In-play wagers, straight wagers, round robin wagers, same game parlay wagers, parlays with a final price of +200 or shorter, or futures wagers will not be deemed Eligible Wagers and wagers that are settled using the “Cash Out” feature will not be deemed Eligible Wagers. Separately, wagers placed using site credits or any bonus received from a separate Sponsor promotion, including without limitation the “$500 Risk Free Bet” promotion, will not be deemed as Eligible Wagers.

9. Order of Funds Used for Wagering

The Promotion Bonus is non-withdrawable but any winnings therefrom are immediately withdrawable. Sportsbook Site Credit is used before deposited funds when wagering.

10. Eligible Games

All Soccer Games taking place between December 5, 2020 and February 11, 2021

11. Restrictions on Withdrawal

The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole direction. Any unused portion of the Promotion Bonus will be automatically withdrawn from your FanDuel Account seven (7) days after being credited to your FanDuel Account. You may withdraw your deposited funds without penalty at any time.

12. Cancellation

Should you wish to cancel your participation in this Promotion at any time, please contact customer support at sportsbook@fanduel.com or 877-689-0662. Upon cancellation, you may withdraw any funds you have deposited into your account without restriction. However, any Promotion Bonus amount in your account may not be withdrawn.

13. Gambling Problem

Pennsylvania, New Jersey and Illinois Customers: If you or someone you know has a gambling problem, help is available. Call 1-800-GAMBLER.

Indiana Customers: For Help with A Gambling Problem, Call 1-800-9-WITH-IT

West Virginia Customers: Gambling Problem? 1-800-GAMBLER or visit www.1800gambler.net

Colorado Customers: Gambling Problem? Call 1-800-522-4700

Iowa Customers: If you or someone you know needs gambling treatment, call 1-800-BETSOFF

Tennessee Customers: For problem gambling support, call or text the Tennessee REDLINE 1-800-889-9789

Virginia Customers: GAMBLING PROBLEM? Call 1-888-532-3500

Fanduel Sportsbook Nj

Michigan Customers: Gambling Problem? Call 1-800-270-7117

14. Additional Terms

Administration: The Sponsor expressly reserves the right to amend, suspend or terminate this Promotion at any time without prior notice or consent. Administration of this Promotion is at the sole discretion of the Sponsor. Sponsor reserves the right to restrict at any time any FanDuel Account holder from participating in this Promotion for any reason. Any questions relating to eligibility, these Terms and Conditions or any other questions concerning this Promotion will be resolved at the sole discretion of the Sponsor and its decisions will be final and binding with respect thereto. No groups, clubs, corporations, companies, partnerships, or organizations may participate in this Promotion or reproduce or distribute any portion of these Terms and Conditions to their members.

Release and Waiver of Liability: By redeeming this Promotion, participants agree to release, defend, indemnify and hold harmless the Sponsor, its affiliates, gaming license partners, advertising and promotion agencies, directors, officers, employees, representatives and agents from and against any and all liability claims or actions of any kind whatsoever (however named or described) for injuries, death, damages or losses to persons and property which may be sustained in connection with: (i) your participation in the Promotion; and (ii) the receipt, use or misuse of the Promotion Bonus, or while preparing for, participating in, and/or traveling to any Promotion-related activity, including those damages caused by the Sponsor’s own negligence. The Sponsor expressly disclaims any responsibility or liability for injury or loss to any person or property relating to the delivery and/or subsequent use or misuse of the Promotion Bonus. In consideration of the Promotion Bonus, each individual hereby agrees and consents, without further authorization, compensation or remuneration of any kind, to the use of such individual’s name, photograph, likeness (including his/her voice), biographical information and statements concerning the Promotion, in any and all advertising, promotions and other publicity conducted by the Sponsor and its affiliates.

Governing Law: All issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions or the rights and obligations of participants and the Sponsor in connection with the Promotion will be governed by and construed in accordance with the internal laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other laws.

Dispute Resolution: The parties each agree to finally settle all disputes only through arbitration; provided, however, the Sponsor shall be entitled to seek injunctive or equitable relief in the state and federal courts in New York County, New York and any other court with jurisdiction over the parties. In arbitration, there is no judge or jury and review is limited. The arbitrator’s decision and award is final and binding, with limited exceptions, and judgment on the award may be entered in any court with jurisdiction. The parties agree that, except as set forth above, any claim, suit, action or proceeding arising out of or relating to this Promotion shall be resolved solely by binding arbitration before a sole arbitrator under the streamlined Arbitration Rules Procedures of JAMS Inc. (“JAMS”) or any successor to JAMS. In the event JAMS is unwilling or unable to set a hearing date within fourteen (14) days of the filing of a “Demand for Arbitration”, then either party can elect to have the arbitration administered by the American Arbitration Association (“AAA”) or any other mutually agreeable arbitration administration service. If an in-person hearing is required, then it will take place in New York, New York. The federal or state law that applies to these Terms and Conditions will also apply during the arbitration. Disputes will be arbitrated only on an individual basis and will not be consolidated with any other proceedings that involve any claims or controversy of another party, including any class actions; provided, however, if for any reason any court or arbitrator holds that this restriction is unconscionable or unenforceable, then the agreement to arbitrate doesn’t apply and the dispute must be brought in a court of competent jurisdiction in New York County, New York. The Sponsor agrees to pay the administrative and arbitrator’s fees in order to conduct the arbitration (but specifically excluding any travel or other costs of participant to attend the arbitration hearing). Either party may, notwithstanding this provision, bring qualifying claims in small claims court.

LIMITATION OF LIABILITY: TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, THE SPONSOR SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, ECONOMIC, EXEMPLARY, PUNITIVE OR OTHER DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY, DIRECTLY OR INDIRECTLY, TO REDEMPTION OF THE PROMOTION, EVEN IF FORESEEABLE OR EVEN IF THE SPONSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Miscellaneous: No waiver of any of the provisions of these Terms and Conditions shall be deemed or shall constitute a waiver of any other provisions hereof, nor shall waiver constitute a continuing waiver unless otherwise expressly provided. If any provision of these Terms and Conditions is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of these Terms and Conditions, which will otherwise remain in full force and effect.

See All Guides

Missing out on a big payday because you lost just one leg of your parlay is the worst. Luckily, some sportsbooks are ready to help recoup those losses with parlay insurance.

Parlay insurance provides a partial refund if you lose a parlay by one leg. It’s different at every sportsbook, but parlay insurance typically returns up to $25 for a lost parlay.

This guide covers the basics of parlay insurance and highlights the variety of offers from major sportsbooks, so you can feel more comfortable making parlays and make the most of these exciting sports betting bonus offers.

What Is Parlay Insurance?

Parlays are some of the riskiest wagers in sports betting. Sure, the payouts are lucrative, but one wrong pick can ruin your whole parlay.

Sportsbooks started offering parlay insurance to entice more bettors into making parlays. If you lose a parlay by just one leg, the insurance will cover some of your losses with a small refund.

Let’s say you make a 5-leg parlay on the FanDuel sportsbook with their multi-sport parlay insurance promotion. If you lose just one of the legs, you get a refund of up to $25.

It might not sound like much, but it’s a great way to get more comfortable making a parlay bet. Parlays offer very long odds with huge potential payouts, so you don’t have to bet more than $25 to have a shot at winning big money.

Now that we’re feeling more secure with this bonus, let’s take a look at the sportsbooks that offer it.

Sportsbooks That Offer Parlay Insurance

Many major sportsbooks offer parlay insurance of some kind. The sports they offer insurance for, the number of legs required in the parlay, and the refund amount can all differ, so let’s get right into the specifics.

Fanduel Parlay Insurance Reddit

FanDuel

FanDuel offers two types of parlay insurance. They both offer refunds up to $25, but the available sports and the required number of legs are different for each.

Multi–Sport Parlay Insurance

The multi-sport promo from FanDuel encourages you to build a 5-leg parlay with games in any sport. It gives you a lot of flexibility when building your parlay, and you get a $25 refund if you lose just one of the legs.

How it works:

• Create a parlay on FanDuel with five or more legs using games from any available sport
• Each leg of the parlay must have odds greater than or equal to -200
• If you lose one of the legs on the parlay, FanDuel will refund your wager
• The maximum refund amount is $25
• You can make this wager four times per day

Round-robins, teasers, and same game parlays are not eligible for this promotion. The refund arrives in your FanDuel account within 72 hours, and the repayment is automatically withdrawn from your FanDuel account if you don’t use it entirely within seven days.

Same Game Parlay Insurance

Same game parlay insurance also covers you for up to $25 in the event you lose one leg in the parlay. You only need a 3-leg parlay for this promotion, but the games must be from the same sport.

For example, A 3-leg moneyline parlay on NBA games would be a great choice.

How it works:

• Opt-in to the promotion on FanDuel
• Create a parlay with three or more legs using games from the same sport
• Final price of the parlay must be +200 odds or longer
• If you lose one of the legs on the parlay, FanDuel will refund your wager
• Maximum refund amount is $25
• You can make this wager once per day

Live bets, round-robins, and odds boosts are not eligible for this promotion. It takes 72 hours for the refund to reach your account, and the bonus is withdrawn from your FanDuel account if it’s not used within seven days.

DraftKings

DraftKings offers parlay insurance from time to time. Their promotions are worth opting into if you spot one.

Here’s an example of what their parlay insurance might look like:

• Opt-in to the promotion on DraftKings
• Create a parlay with five or more legs
• If you lose one of the legs, you receive a refund in the form of a free bet
• The maximum refund is $25

In the example above, players could receive up to four refunds in free bets per day. Make sure you check with DraftKings to see if they have any parlay insurance promotions running.

PointsBet

PointsBet offers some of the most valuable parlay insurance on the sportsbook market. Many books require a 5-leg parlay to qualify, but PointsBet typically asks for less than that.

PointsBet also offers same game parlay insurance. Their offer is competitive with other sportsbooks like FanDuel because they only require three legs on the parlay.

Same Game Parlay Insurance

The PointsBet same game offer asks you to make a parlay on a single NFL game. This means you’ll have to get creative with your parlay, but you’re covered if you lose one of the legs.

How it works:

• Opt-in to the promotion on PointsBet
• Make a 3-leg parlay on a single NFL game
• If one leg fails, you receive a refund in the form of a free bet
• The maximum free bet refund amount is $25
• The minimum total price for the parlay must be +100

The free bet refund arrives in your account the next day, and you cannot cash out this free bet on its own.

BetMGM

BetMGM has also offered parlay insurance in the past, but they don’t have any such promotions running currently. We expect BetMGM will offer this bonus again in the future.

Their previous promotions offered up to $25 in site credit for losing one leg on a 5-leg parlay.

Check in with BetMGM to see if they have a parlay insurance offer on the go.

Is Parlay Insurance a Good Idea?

Even though parlays are some of the riskiest wagers in sports betting, parlay insurance helps settle the volatility.

The value of parlay insurance can differ between sportsbooks, but if you have the option to secure one leg of your parlay, then you should absolutely go for it.

Don’t feel like you have to suddenly start making parlays if you’re not comfortable with them. Parlay insurance is good, but it doesn’t cover all the risk in making a parlay.

The nice thing with parlays is you don’t have to wager a lot of money to earn a big payout. A $25 refund might not seem like a lot, but when it comes to parlays, that’s actually a pretty big bet.

You won’t regret having insurance if you like making parlays. In fact, the safety net might coax you into making a bet that results in a huge payday.

Parlay Insurance FAQs

What is parlay insurance?

Parlay insurance covers one leg of your parlay. If you lose the parlay by just one leg, you get a refund, usually of up to $25.

Who offers parlay insurance?

Sportsbooks like FanDuel, DraftKings, PointsBet, and BetMGM are all known to offer parlay insurance. Check with your favorite sportsbook to see if they have this kind of promotion running.

Should I use parlay insurance?

Yes, you should use parlay insurance if you like making these kinds of bets. Parlays are risky even with insurance, but it’s a great resource for giving you peace of mind when you submit that bet slip.

Everything You Need to Know About Parlays

Even the sharpest of bettors feel a little bit nervous when they make a parlay, but that doesn’t mean they go in blind on these types of wagers.

Check out our comprehensive guide on parlays for everything you need to know about them.

Get in on the Action with Bonuses

Sportsbooks are always offering new bonuses to entice fans into betting on their favorite games.

See our bonuses section for more information on all the latest promotions from top sports betting sites.