How to Bet Parlay on BetMGM?

How to Bet Parlay on BetMGM?

Being one of the top sportsbooks, BetMGM gives you an 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 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, and Nevada. 

When it comes to parlays, BetMGM sports is not letting ‘good’ be the enemy of ‘perfect. As a part of Parlay Plus promotion, the sportsbook rewards you  with up to 40% more in profits on your winning parlays! 

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 risk-free bets back up to $1000.

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 who 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?

In general, a parlay is a single sports wager that involves two or more teams’ winnings. In other words, a parlay is one bet that includes multiple selections. Combining the bets gives you worse odds to win, but a larger reward for winning.

For instance, if you 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 wins, earn a much larger payout than if you just bet each game individually. However, if any of those teams lose their bet, the entire bet loses.

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 effectively. Check our parlay guide for where we explain in detail, how a parlay bet works.

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 risk-free bets up to $1000.

Bet Parlay on BetMGM Sports FAQs

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.

Along with the new BetMGM risk-free bonus of up to $600, BetMGM sports also offer Parlay Plus promotion. Using this Parlay promotion, you can get up to 40% more profits on parlay winnings. 

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.

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.

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 free cash on registration and a match bonus on first deposit.