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.

Many major sportsbooks offer parlay insurance of some kind. Now that we’re feeling more secure with this bonus, let’s take a look at the sportsbooks that offer it. 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. It might not sound like much, but it’s a great way to get more comfortable making a parlay bet. If you lose just one of the legs, you get a refund of up to $25. Let’s say you make a 5-leg parlay on the FanDuel sportsbook with their multi-sport parlay insurance promotion. If you lose a parlay by just one leg, the insurance will cover some of your losses with a small refund. Sportsbooks started offering parlay insurance to entice more bettors into making parlays. Sure, the payouts are lucrative, but one wrong pick can ruin your whole parlay. Parlays are some of the riskiest wagers in sports betting. 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 promo codes & offers. It’s different at every sportsbook, but parlay insurance typically returns up to $25 for a lost parlay. Parlay insurance provides a partial refund if you lose a parlay by one leg. Luckily, some sportsbooks are ready to help recoup those losses with parlay insurance. Missing out on a big payday because you lost just one leg of your parlay is the worst.

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