Parlay Insurance Fanduel
2021年5月28日Register here: http://gg.gg/urg7y
*FanDuel Sportsbook is offering NBA Parlay Insurance for all bets with four-plus legs.
*Multi-Sport Parlay Insurance – Parlay is the American version of Acca where you place multiple bets in one bet slip. If all results come in bar one you will receive a refund up to $25 Daily Odds Boost on selected sports events Bonus Terms: What Players Need to Know.Welcome to the Parlay Insurance promotion (the “Promotion”), where participants who place a five-leg or more straight parlay bet, will receive a refund equal to the amount of their wager, up to Twenty Five Dollars ($25) (“Promotion Bonus”) if their bet loses.The Promotion is sponsored by Betfair Interactive US, LLC (“BIU” 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.
These include free pools, parlay insurance, risk-free bets, free betting credits, boosted odds, and so much more. Mobile App: FanDuel has created one of the very best applications in the sports betting world. The company was built online with its DFS app, and it transitioned that knowledge into a premier sportsbook.2. Promotion PeriodThe Promotion will begin at 12:00 AM ET on December 1st, 2019 and end at 12:00AM ET on February 4th, 2021 (the “Promotion Period”).3. EligibilityThe Promotion is only open to individuals who are at least 21 years of age and are physically present in New Jersey, Pennsylvania, Indiana, Illinois, Iowa, Colorado, Tennessee, Virginia, Michigan, or West Virginia during the Promotion Period. Employees, officers and directors of the Sponsor, their parent companies, and each of their respective affiliates, subsidiaries, 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 RequiredUse your Sportsbook Account to place a five-leg or more straight parlay bet in any market offered (subject to exclusions herein) for any games that occur during the Promotion Period; provided that each individual leg of the parlay must have odds no shorter than -200 (each such parlay, an “Eligible Wager”). Limit of four (4) Eligible Wagers per day.5. Claiming Promotion OfferIf applicable, the Promotion Bonus will be credited to your Sportsbook 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 ProceduresTo qualify for the Promotion, eligible individuals must have an active FanDuel Sportsbook member account (“Sportsbook Account”). Creating a Sportsbook Account at https://sportsbook.fanduel.com is free. By submitting your information and creating a Sportsbook Account, however, participants will be required to agree to the BIU Privacy Policy and Terms. If you do not agree to BIU’s Terms and Privacy Policy, you cannot create a Sportsbook Account or participate in this Promotion. 7. Limitations on ParticipationIn addition to the Eligibility Requirements in Section 3., BIU 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 four (4) Eligible Wagers per day.8. Wagering RequirementsWagers placed after the expiration of the Promotion Period will not be deemed an Eligible Wager. Round robin wagers will not be deemed an Eligible Wager and parlay wagers that contain any legs with odds shorter than -200 or are settled using the “Cash Out” feature will not be deemed an Eligible Wager. 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 WageringThe Promotion Bonus is non-withdrawable and in order to withdraw from your Sportsbook Account any winnings generated from wagers placed using your Promotion Bonus, you must first use your Sportsbook Account to wager an amount equal to the aggregate amount of your awarded Promotion Bonus (“Play-Through Requirement”). Provided that wagers placed on favorites with lines shorter than or equal to -200 will be deemed as Excluded Wagers for purposes of satisfying the Play-Through Requirement. 10. Eligible Games
The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole discretion. The Promotion Bonus may only be used for wagering on your Sportsbook Account. Any unused portion of the Promotion Bonus will be automatically withdrawn from your Sportsbook Account seven (7) days after being credited to your Sportsbook Account. In order to withdraw any winnings generated from wagers placed using your Promotion Bonus, you must make a minimum deposit of Ten Dollars ($10) into your Sportsbook Account. You may withdraw your deposited funds without penalty or Play-Through Requirement at any time. 12. CancellationShould 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 or Play-Through Requirement. However, any Promotion Bonus amount in your account shall remain subject to the Play-Through Requirement detailed in Section 4 before it may 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 • Michigan Customers: Gambling Problem? Call 1-800-270-7117
14. Additional TermsAdministration: 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 Sportsbook 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 their 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 agree 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.Estimated Read Time: 5 minutes
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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
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 tha
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*FanDuel Sportsbook is offering NBA Parlay Insurance for all bets with four-plus legs.
*Multi-Sport Parlay Insurance – Parlay is the American version of Acca where you place multiple bets in one bet slip. If all results come in bar one you will receive a refund up to $25 Daily Odds Boost on selected sports events Bonus Terms: What Players Need to Know.Welcome to the Parlay Insurance promotion (the “Promotion”), where participants who place a five-leg or more straight parlay bet, will receive a refund equal to the amount of their wager, up to Twenty Five Dollars ($25) (“Promotion Bonus”) if their bet loses.The Promotion is sponsored by Betfair Interactive US, LLC (“BIU” 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.
These include free pools, parlay insurance, risk-free bets, free betting credits, boosted odds, and so much more. Mobile App: FanDuel has created one of the very best applications in the sports betting world. The company was built online with its DFS app, and it transitioned that knowledge into a premier sportsbook.2. Promotion PeriodThe Promotion will begin at 12:00 AM ET on December 1st, 2019 and end at 12:00AM ET on February 4th, 2021 (the “Promotion Period”).3. EligibilityThe Promotion is only open to individuals who are at least 21 years of age and are physically present in New Jersey, Pennsylvania, Indiana, Illinois, Iowa, Colorado, Tennessee, Virginia, Michigan, or West Virginia during the Promotion Period. Employees, officers and directors of the Sponsor, their parent companies, and each of their respective affiliates, subsidiaries, 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 RequiredUse your Sportsbook Account to place a five-leg or more straight parlay bet in any market offered (subject to exclusions herein) for any games that occur during the Promotion Period; provided that each individual leg of the parlay must have odds no shorter than -200 (each such parlay, an “Eligible Wager”). Limit of four (4) Eligible Wagers per day.5. Claiming Promotion OfferIf applicable, the Promotion Bonus will be credited to your Sportsbook 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 ProceduresTo qualify for the Promotion, eligible individuals must have an active FanDuel Sportsbook member account (“Sportsbook Account”). Creating a Sportsbook Account at https://sportsbook.fanduel.com is free. By submitting your information and creating a Sportsbook Account, however, participants will be required to agree to the BIU Privacy Policy and Terms. If you do not agree to BIU’s Terms and Privacy Policy, you cannot create a Sportsbook Account or participate in this Promotion. 7. Limitations on ParticipationIn addition to the Eligibility Requirements in Section 3., BIU 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 four (4) Eligible Wagers per day.8. Wagering RequirementsWagers placed after the expiration of the Promotion Period will not be deemed an Eligible Wager. Round robin wagers will not be deemed an Eligible Wager and parlay wagers that contain any legs with odds shorter than -200 or are settled using the “Cash Out” feature will not be deemed an Eligible Wager. 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 WageringThe Promotion Bonus is non-withdrawable and in order to withdraw from your Sportsbook Account any winnings generated from wagers placed using your Promotion Bonus, you must first use your Sportsbook Account to wager an amount equal to the aggregate amount of your awarded Promotion Bonus (“Play-Through Requirement”). Provided that wagers placed on favorites with lines shorter than or equal to -200 will be deemed as Excluded Wagers for purposes of satisfying the Play-Through Requirement. 10. Eligible Games
The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole discretion. The Promotion Bonus may only be used for wagering on your Sportsbook Account. Any unused portion of the Promotion Bonus will be automatically withdrawn from your Sportsbook Account seven (7) days after being credited to your Sportsbook Account. In order to withdraw any winnings generated from wagers placed using your Promotion Bonus, you must make a minimum deposit of Ten Dollars ($10) into your Sportsbook Account. You may withdraw your deposited funds without penalty or Play-Through Requirement at any time. 12. CancellationShould 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 or Play-Through Requirement. However, any Promotion Bonus amount in your account shall remain subject to the Play-Through Requirement detailed in Section 4 before it may 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 • Michigan Customers: Gambling Problem? Call 1-800-270-7117
14. Additional TermsAdministration: 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 Sportsbook 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 their 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 agree 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.Estimated Read Time: 5 minutes
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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
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 tha
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