Fanduel Parlay Insurance
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What Is FanDuel Parlay Insurance?

Parlays are a hotly debated topic bet type in the world of sports betting. Some sports bettors love the chance of a big score when combining their bets, while those against parlays say you are better off in the long run just betting the lines individually.

Regardless of how you feel about parlays, FanDuel Parlay Insurance is a way to make parlays more appealing to all types of sports bettors.

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What is a parlay?

Chances are if you reading this, you already know what a parlay is but just in case for those that are new to sports betting: A parlay is a single bet that consists of two or more individual wagers. To win a parlay, you must win each one of the wagers within the bet. Lose one and you lose the entire bet. The odds of hitting a parlay go down the more wagers you add to the bet, but with it, the payouts drastically increase.

Enter FanDuel Parlay Insurance

One thing that everyone agrees about parlays though is that it is beyond frustrating when you bet a parlay wager and all the elements of the bet win except for one. Of course, in this scenario, you lose.

But what if you can get a “gimme” for one bet that does not hit and at least get your money back? FanDuel offers just that with the sportsbook’s Parlay Insurance. It’s not the best outcome for sports bettors who barely miss a big payday, but it does take the sting off.

It’s not available for every parlay you make, but if you keep checking the FanDuel promotion page, you will frequently find Parlay Insurance opportunities pop up.

FanDuel Multi-Sport Parlay Insurance

The FanDuel Multi-Sport Parlay Insurance is a good choice because it is frequently offered and allows sports bettors to take advantage multiple times a day. Before you get started, make sure the offer is still available under the “FanDuel Promotions” page.

To participate, you need to place a 5-bet parlay on any sport with a maximum refund of $25 should your bet lose by one leg. You can take advantage of this up to four times per day per FanDuel account. Note that each part of the wager must have odds greater or equal to -200 (-175 would qualify but -225 would not).

The offer does not apply to round-robin, teasers, and same game parlays.

Other Fanduel Insurance offers

Many of the other FanDuel Parlay Insurance offers come and go. But on most days, the FanDuel promotion page is ripe with various offers for your choosing For example, during February, we saw no fewer than six unique insurance offers.

Standard rules ($25 max, -200 odds max) of Insurance will usually apply, but you will need to opt-in to these offers to be eligible. These offers can be used if you use your max of 4-parlays or if the MSPI isn’t available.

Occasionally, you will see insurance offers that don’t fit the standard mold of FanDay Parlay Insurance:

Same Day Parlay Insurance: Place a 4+ leg parlay from bets on the same game. $25 max, 1 per day.

Or even insurance offers that don’t require a parlay wager. In February, we saw an NHL First Period Insurance offer. For this offer, you could make a moneyline wager up to $50 and if your team led after the first quarter but lost the game, you get your money back in site credits.

Final thoughts

If you like to bet parlays, definitely give the FanDuel Parlay Insurance a look before placing your wagers. We never know when that next parlay bet is going to come close but not close enough. As sports bettors, we don’t like to think about our wagers losing, but it sure is a welcome sight when it loses and you still have something to show for the bet.

Turn your next frustrating loss into something a bit more palatable.

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Details
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FANDUEL SPORTSBOOK
$500 Risk Free Bet FanDuel Review
  1. Up to a $500 refund if you lose your first bet
  2. No code needed – BET NOW
  3. Available on iOS, Android, Desktop

First online wager only. Refund issued as site credit. 21+ and present in NJ, PA or WV. Gambling problem? Call 1-800 GAMBLER or in WV visit www.1800gambler.net. Terms apply.

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