EDITOR’S NOTE: THIS OFFER HAS EXPIRED
The end of the NFL season usually brings the end of the best sports betting promotions of the year. However, DraftKings Sportsbook is keeping the action going into the spring with a great deal for new bettors.
From now through the end of the NBA season, DraftKings will offer parlay insurance for parlays of five or more legs. If only one leg of the bet misses, the site will refund the bet as site credit, up to $25.
JJ gives you the sharp edge on how to beat DraftKings Sportsbook. JJ is a sports handicapper with over 10 years of experience and a healthy ROI. We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations. A DraftKings Sportsbook bettor has placed a $3 million futures parlay on three football teams to win their respective divisions, according to multiple reports. The bet would win more than $5.5.
This is a great opportunity to try out one of the best legal sportsbooks in the US.
How does parlay insurance work?
If you live in a state where DraftKings Sportsbook operates, it’s really easy to sign up for an account. Follow the steps with your email, ID, and other info. You’ll also get a free $25 bet just for signing up.
Once on the site, deposit money through a bank account, credit or debit card, or other means. It can be done in-person at a partner casino as well.
Give yourself some time to go over all the betting options DraftKings offers. Putting together the parlay card is simple. DraftKings shows its menu online with easy-to-read prices and figures. Each leg must be -300 or higher, so while you can take the Clippers at -240 in Cleveland, you can’t take Philadelphia at home where they’re -800 against the Bulls.
Use one bet per game for the parlay card. Combining a total and a moneyline for a single game won’t work. However, players can use games from multiple leagues and sports.
Here’s an example of a parlay card from this year:
- Over 6 goals between the Los Angeles Kings and New York Rangers (-105)
- Atlanta Hawks -4.5 on the point spread against the New York Knicks (-112)
- Ja Morant to score 18 or more against the Wizards (-115)
- Los Angeles Clippers moneyline against Cleveland Cavaliers (-240)
- Miami Heat to cover 5.5 points against the Portland Trailblazers (-110)
The total payout on this bet is +1789 (nearly 18-to-1). However, if one leg misses, a free bet up to $25 will be credited to the account.
The insurance isn’t a one-shot deal like other sites run for promos, either. Players can use this up to four times a day. Payouts come on the next business day to the accounts
Draftkings Sportsbook Parlay
Parlay insurance rules
Draftkings Calculator
While this is a great deal, there are some rules. This has to be a straight parlay card with five as-is bets. No teasers, no round-robins, no odds boosts, and no free bets in the mix. Attempts to cash out while the parlay is still active will nullify the chance to get the insurance.
Parlays have become increasingly popular for bettors. If you like to take some shots to build your betting bankroll, parlay insurance will help soften the blow of a few close calls.