How to Make a Parlay Bet on BetMGM
Placing parlays has become more accessible than ever before thanks to regulated sportsbooks like BetMGM. The ‘King of Sportsbooks’ allows you to craft all sorts of parlays, including same-game parlays, with very few limitations.
Many sports bettors already know that making parlays is one of the most popular markets out there. Parlays offer the excitement of bigger payouts, combining multiple betting types into one bet slip, and BetMGM has everything you need to do just that.
This guide will walk you through the process of how to make a parlay bet on BetMGM. We’ll cover everything from creating your account to understanding strategies for success, so you’ll be building that perfect parlay on BetMGM in no time.
Jump to:
- How to Bet Parlays with BetMGM
- BetMGM Parlay Limits and Rules
- Tips for Success With BetMGM Parlays
- BetMGM Parlay FAQs
How to Bet Parlays with BetMGM
From a high level, building parlays on BetMGM is a straightforward process. The basic premise is you’ll want to add multiple wagers to your betslip, choose the ‘Parlay’ menu at the top of the screen, and finalize your wager.
Each wager you add to the parlay is called a leg, and if all legs in the same parlay hit successfully, then you win your bet. BetMGM parlays are high-risk and high-reward, so they bring a ton of excitement.
Parlays on BetMGM can offer you a ton of flexibility, and you can make these wagers as simple or as complicated as you like. We’ll explore some of those BetMGM opportunities in the following sections.
Explore Betting Options for Your BetMGM Parlay
There are plenty of ingredients to choose from when you’re cooking up a BetMGM parlay. A traditional parlay will include two or more legs from multiple different games.
These typical parlays can include a combination of choices from the following betting markets:
- Moneylines
- Point spreads
- Totals
- Player props
- Game props
For example, you could build a five-leg parlay featuring Philadelphia 76ers +5.5, Kansas City Royals +1.5, San Francisco Giants +1.5, Los Angeles Lakers +7.5, and a Boston Bruins moneyline win. BetMGM parlays give you the option to mix and match betting types from as many different sports or events as you’d like.
Choose the Type of Parlay You Want to Build and Place Your Bet
Building a traditional parlay with wagers from different events isn’t the only option on BetMGM. There are other types of parlays available with the ‘King of Sportsbooks’, including same-game parlays.
Same-game parlays will allow you to add multiple selections from the same event into one parlay. You can make this type of parlay for most major sports, including the highly-popular NFL same-game parlay market.
For example, a SGP for Denver Nuggets vs. LA Lakers with five legs on BetMGM could include Nikola Jokic 20+ points, Lebron James 8+ assists, Jamal Murray over 3.5 three-pointers, Anthony Davis 10+ rebounds, and Nuggets moneyline win.
Here are more details on the other types of BetMGM parlays you can choose to build:
- Same-game parlays: Combine multiple selections from the same game/event into one parlay. This parlay type is popular thanks to the ability to correlate wagers that might have an impact on each other, like a player having a big game that helps their team win.
- SGP+: Combine multiple SGPs, along with other single standalone wagers if you’d like, into an even larger betslip with longshot odds and potentially massive payouts.
- Round Robins: A chain of multiple, sequential parlays on the same betslip. A round robin breaks a multi-leg parlay into smaller two-leg parlays. For example, a Nuggets-Lakers-Bruins-Royals parlay would be broken up into Nuggets-Lakers, Nuggets-Bruins, Nuggets-Royals, Lakers-Bruins, etc. This gives you some insurance if one leg misses, but it can get costly, so be careful.
- Teasers: Allows you to change the point spread for a game, making your parlay easier to win. In exchange, BetMGM will lower your payout if your parlay hits.
Once you’ve selected the betting markets you want, along with the type of parlay you’re building, it’s time to review your betslip, place your stake, and finalize the wager.
You’ll get a confirmation notice that your parlay has been accepted. You can then track the status of your BetMGM parlay through the ‘My Bets’ tab, where you’ll see live, open, and settled menus. Each leg of your parlay will be graded with a green checkmark if it hits, or a red X symbol if it misses.
BetMGM Parlay Limits and Rules
While BetMGM parlays offer you a ton of flexibility and the opportunity to win massive payouts, there are still some limits to be aware of.
Here are a few terms and conditions for the various types of BetMGM parlays:
| BetMGM Parlay Type | T&Cs |
|---|---|
| Standard Parlay | Maximum 15 legs, any pushes will void that leg and get dropped from the parlay, cash out allowed when available. |
| Same-Game Parlay | Maximum 10 legs, parlay is voided if one leg is cancelled. |
| Round Robin | Must be 3-8 legs, must multiply your initial stake for each separate wager. |
| Teasers | Maximum of 10 outcomes per parlay, limited to full-game totals, spreads and some player props. |
Visit BetMGM for full terms and conditions on BetMGM parlays or any available bonuses you might have.
Tips for Success With BetMGM Parlays
Now that you know how to build various types of BetMGM parlays, here are a few suggestions that might help your betting success.
- Claim Available Promos: BetMGM parlay promotions like parlay boost tokens and parlay insurance can go a long way. You’ll find these under the Promotions tab on the BetMGM app.
- Do the Research: Looking into teams, players, matchups, and the latest trends can help you be more strategic when you’re building a BetMGM parlay.
- Stick With 3-5 Legs: While it might be tempting to build a lotto ticket parlay with 8+ legs for massive payouts, these huge parlays are almost never winners. Keep your parlays in the 3-5 leg range to avoid donating money to sportsbooks like BetMGM.
- Consider Cashing Out: Some bettors might tell you to never cash out, but it is worth considering if you’re given the option. Cashing out can help you minimize losses if other wagers aren’t going your way.
Never wager more than you can afford to lose, leverage responsible gaming features like deposit limits, and seek out assistance resources if you think you might have a gambling problem.
BetMGM Parlay FAQs
Still have some questions about BetMGM Parlays? Maybe these FAQs can help you with any lingering concerns.
Can you build parlays on BetMGM?
Yes, BetMGM allows parlays on sports like NFL, NBA, MLB, NHL, and much more. Register with BetMGM today so you can start building parlays.
How do parlays work on BetMGM?
You can make a parlay on BetMGM by adding multiple selections to your betslip under the Parlay menu. BetMGM also offers same-game parlays, round robins, and teasers.
Can you combine multiple parlays on BetMGM?
Yes, you can combine parlays on BetMGM with their SGP+ feature. This allows you to combine multiple same-game parlays, along with standalone single-event wagers if you’d like.
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A sports fanatic and strategic wordsmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets across the globe, he’s ready to journey alongside those who haven’t wagered before with informative articles and comprehensive how-to guides.
