How to Bet Parlay on BetMGM?

Peter N
April 14, 2020
betmgm parlay

Since online sports betting was legalized in the United States, bettors have been able to place a sports bet on their favorite teams and leagues from the comfort of home. Consequently, sports betting has increased in popularity, with new features such as cash out and live betting becoming available. Additionally, new bet types have developed with parlay betting, in particular, becoming prominent. Top online sportsbook sites such as FanDuel sportsbook and DraftKings sportsbook offer numerous round-robin and multiple bets which appeal to users. The BetMGM app has also joined the party, becoming one of the go-to options for people looking to place a parlay wager.

Being one of the top sportsbooks, BetMGM gives you the option to place parlays on all top sports like NBA, MLB, and NFL. As you all do, we love a parlay bet, and we bring you the finest picks of the week. If you are looking to place a parlay bet on BetMGM, take a look at our step-by-step guide on how to bet parlay on BetMGM.

BetMGM is one of the best sportsbooks to place a parlay bet. They’ve become a real phenomenon in the USA and is currently live in New Jersey, Indiana, Colorado, Pennsylvania, Tennessee, Iowa, Michigan, West Virginia, Virginia, New York, Illinois, Louisiana, Arizona, Wyoming, and Nevada. BetMGM New York and BetMGM Louisiana have done particularly well since they launched, with residents of both states enjoying what the MGM sportsbook has to offer.

When it comes to parlays, BetMGM sports is not letting ‘good’ be the enemy of ‘perfect. As a part of the Parlay Plus promotion, the sportsbook rewards you with up to 40% more in profits on your winning parlays! Also, if you sign up for a new BetMGM account today, you can claim your welcome bonus consisting of a bonus bet worth up to $1,500. There is no bonus code required to claim this offer.

Once you have claimed your opening bonus bet, you may then want to use it on a BetMGM parlay. This page will provide all you need to know on how to parlay BetMGM, including types of parlay, markets available, and more.

BetMGM Sportsbook

  • Sportsbook & Casino
  • User-friendly website and mobile app
  • Amazing for parlays
  • Huge range of markets
Up To $1,500 in Bonus Bets
Play Now

Step 1: Sign in or Sign-up to BetMGM

Firstly, you need to have BetMGM sports betting account. The registration process is simple. All you need to do is signup using our special link and make the first deposit to claim the bonus bets back worth up to $1,500. There is no bonus code required; simply create an account, make a deposit, and then the bet will appear in your account.

Step 2: Adding Bets to your Betslip

Once you create a BetMGM sports account, you can then start looking into placing your bets. On the homepage of your BetMGM account, you’ll find all major upcoming and live sports and games.

With a wide range of markets to choose from, it is quite possible to add a number of different sports into your parlay. Select the events you want to bet and simply click the odds you wish to play. They will be added to your bet slip automatically.

Certainly, you can add as many selections as you like into your bet slip. Check your bet slip at the right side of the page, where you can find the potential payout for all your selections and also choose the parlay option.

Step 3: Set up your Wager

The parlay section of your bet slip displays the odds that you are about to play. In fact, you can calculate your winnings by entering a stake into the parlay ‘Wager’ box within your bet slip.

Once you enter your stake, you can check the total odds for your selection bets and potential payout (including stake) on your bet slip.

You should set up your wager as quickly as possible as the odds, markets or availability of your bet might change as time passes.

Amending your Betslip

While working out your parlay bet, you not only add new selections but also might need to delete a selection. Amend your bet slip in different ways, such as adding a new selection, deleting a selection, and changing the stake. As you make changes to your bet slip, the potential payout also changes accordingly.

You can make changes as many times as you like to your bet slip before placing your bet.

Beside each selection, you’ll find a small icon allowing you to remove the selection from the bet slip. In addition, there is also a ‘trashcan’ icon that helps you to delete all selections at a time.

Step 4: Place Your Bets

The final and important step is to place your bet. At the bottom of your bet slip, you’ll find a button that reads ‘Place Bets’. Click that and your bets are placed.

Now, it is time to relax and sit back and pray for the winnings to start rolling in.

What is a Parlay Bet?

A parlay is a single sports wager that involves two or more selections to create a larger bet. In other words, a parlay is a wager that includes multiple selections. Combining the bets gives you worse odds to win, but a larger payout.

For instance, you could bet on the Patriots, the Ravens, and the Texans to win using the same stake. In order to win your parlay bet, all three must win their game. If all three teams win, you earn a much larger payout than if you just bet each game individually. However, if any of those teams lose their match, the entire bet loses.

It adds an element of excitement to what would otherwise be a typical NFL week of games if you are a football fan. You could bet on the Monday Night Football, Thursday Night Football and Sunday Night Football games as part of your parlay builder selections. If you are a soccer fan, the World Cup tournament is a perfect chance to place an easy parlay, with games taking place every day you could predict the winners and if you get lucky your profits will soon mount up.

You can also incorporate different bet types into your parlay. Moneyline, player prop, and point spread are all available depending on which sport and matches you want to include.

All in all, you’ll get much better odds placing parlay bets, but the risk is also higher. Unfortunately, most recreational bettors don’t know how to bet parlays or how to bet on BetMGM effectively. Check our parlay guide for where we explain in detail, how a parlay bet works.

What Is A Parlay Bet?

What Is A Parlay Bet?

BetMGM Same Game Parlay

One of the newest variations of a traditional parlay is the same game parlay or single game parlay (SGP) wager. A same game parlay focuses on correlated wagers from the same game. BetMGM offers SGP’s by combining at least two selections from a single match into your bet slip. Below is an example of how an SGP would look:

  • Detroit Lions – 2.5 alternate spread (+140)
  • D’Andre Swift to score a touchdown (+105)
  • Jared Goff Under 255.5 passing yards (-110)

If all of the selections from the above game turn out to be correct, then you will win your bet. When you place single game parlays, no sportsbook will allow a bettor to combine two different wagers into one bet slip. For example, if you are betting on the Super Bowl, the parlay can’t include the option of both teams winning the Lombardi Trophy.

Same game parlays or one game parlays have become very popular. Lots of people may choose another betting site if there wasn’t the option to place multiple bets on the same game. A same game parlay bet allows sports bettors to place prop bets or other bet types on their favorite events.

BetMGM Sportsbook

  • Sportsbook & Casino
  • User-friendly website and mobile app
  • Amazing for parlays
  • Huge range of markets
Up To $1,500 in Bonus Bets
Play Now

Ready to Play?

If you are ready to place a parlay bet with BetMGM sports, click here to signup now.

Once you are login to this fantastic sportsbook, you can take advantage of the bonus bets up to $1,500. This offer is available on all BetMGM platforms, including BetMGM NY with no BetMGM bonus code needed.

Bet Parlay on BetMGM Sports FAQs

Can I bet parlay on BetMGM sports mobile app?

Of course, you can bet parlay on BetMGM sports mobile app. There are numerous ways to access BetMGM sports, such as through a browser on your PC or Mac or mobile devices and mobile app.

Certainly, the mobile app is available for both Android and iOS devices. You can download the app through the BetMGM website or directly from the App Store.

Is there any promotion available to bet parlay on BetMGM Sports?

Along with the new BetMGM bonus bet of up to $1,500, BetMGM sports also offer Parlay Plus promotion. Using this Parlay promotion, you can get up to 40% more profits on parlay winnings. You can also place a same game parlay wager on the app, with numerous betting markets to choose from.

How to calculate odds of a parlay on BetMGM Sports?

BetMGM sports automatically calculate the parlay odds for you. Once you add the selections to the parlay bet, you can check the parlay odds on the bet slip.

In general, parlay odds are calculated by multiplying the odds for each pick in a parlay.

For instance, if you parlay $200 on the Philadelphia Eagles (-180) and the Brooklyn Nets (-140), then the parlay odds will be (180*140)/100 that is -252. Hence, the final payout is ($200 * 252)/100 which is equal to $504. The odds are similar to what you would expect to see in Las Vegas.

On what sports and games can I place a parlay bet on BetMGM sports?

BetMGM offers you to place parlay bet on a wide range of sports and games. Such as soccer, darts, MMA, football, boxing, baseball, football, hockey, tennis, and many more.

Our experts at GamblerSaloon, offer you the best parlay picks today including NBA picks & parlay, free soccer picks and tennis predictions. Don’t forget to check them and boost your chance of winnings. Sign up for a parlay app account today and access these options.

BetMGM Frequently Asked Questions

Is BetMGM Betting App legal?

BetMGM is legal in many states, including New Jersey, Indiana, Pennsylvania, West Virginia, Colorado, Tennessee, Michigan, Iowa, Virginia, and Nevada. You can find here a list of legal US sportsbooks in each state where sports betting has been legalized.

How do I bet with BetMGM sportsbook?

The BetMGM sports app is available for iOS and Android mobile devices. You can easily open a new account and get the fantastic BetMGM betting bonus for new customers. The sportsbook allows you to place your bets or construct parlays across different sports.

Can I also play Casino and Poker at BetMGM?

BetMGM provides a shared wallet with their casino and poker sections. As a result, you can claim the BetMGM Casino no deposit bonus or BetMGM Poker no deposit bonus, both rewarding new players with bonuses on registration and a match bonus on first deposit.

Author Peter N