Best Betting Sites for Parlay Betting

  • 22Bet Nigeria 100% bonus up to ₦50,000
    • Big Welcome Bonus
    • 24/7 Customer Service
    • 30+ Sports & 1000's of Betting Markets
  • Betway Nigeria 100% up to ₦100,000 First Deposit Bonus
    • Build Custom Soccer Bets
    • High odds
    • Fantastic Betting App
  • Parimatch Nigeria Get 100% Bonus up to 111,000 NGN
    • 30+ Sports
    • New Sports Betting Site (2021)
    • Top-tier Sports Betting App
  • Bet9ja 100% Bonus up to ₦100,000 + 50% Casino Bonus
    • #1 Sports Betting Site in Nigeria
    • Massive Welcome Bonus
    • Live Streaming
  • Mozzartbet Tripple Bonus Up To 200%
    • Massive Welcome Bonuses
    • Super Grand Jackpot
    • Live Betting
  • Konfambet 300% Welcome Bonus up to N300,000
    • Massive NGN Welcome Bonus
    • 30+ Sports
    • 100's of Betting Markets
  • Frapapa 100% Welcome Bonus up to ₦20,000 Free Bet
    • 30+ Sports
    • Excellent Bonuses
    • Mobile-friendly
  • betBonanza 100% Bonus up to ₦100,000
    • Fantastic Welcome Bonus
    • High odds
    • 40+ Sports
  • BetKing 100,000 NGN Welcome Bonus!
    • High Odds
    • 24/7 Customer Support
    • Mobile-Friendly

Parlay Bets

A parlay bet or accumulator is a single bet that contains two or more individual wagers which require all of the selections winning to get a return. Typically, parlay bets will pay out more than placing the bets separately, but, if one or more selection loses, the entire bet loses.

The returns of a parlay bet can be calculated by multiplying the stake by the odds of the first selection, then the second, third, fourth and so on depending on how many selections you pick. On some betting sites, you can place 20+ selection parlay bets, but the chancing of the bet landing decrease with every selection.

If you want to regularly place parlay bets, we recommend using betting sites with parlay insurances, boosts, or other bonuses for parlay betting. For example, bet365 offers parlay boosts of up to 70% extra, an early payout bonus for several sports including NHL, NBA, MLB & Soccer. The early payout bonus marks your selection as a winner if your team is winning by a certain amount at any point in the game, and stays a winner even if the bet goes on to lose.

Betting Sites with Parlay Insurance

Some betting sites also offer parlay insurance which usually refunds your stake if your bet loses by one selection. These parlay insurances typically cover bets with four or more selections, and mostly refund the stake as a free bet or cash. But, Parlay insurance often only applies to certain sports and online betting markets. Be sure to check out the promotions page on the bookmaker of your choice to see if they offer parlay insurance.

James is responsible for the Nigerian market on BettingGuide. He has a keen interest in sports betting and Gambling laws in particular. James is a Lawyer practising in East Africa, loves writing, and has a Law Degree from Makerere University, Uganda and a Post Graduate Diploma from the Kenya School of Law, Kenya.

Last updated: 2/1/2023