How to Bet Parlay on Caesars?
Caesars is one of the most popular and largest sportsbooks and casino brands in the US, known for its properties on the Las Vegas strip. It strengthened its position in the US market by acquiring bookmaker William Hill. With the Caesars sportsbook New York now available and Caesars Ohio coming soon, the operator is looking to rival competitors such as FanDuel sportsbook and DraftKings sportsbook.
It is well known for its huge welcome bonus, rewards points, and a top-quality mobile app for both iOS and Android devices. Certainly, Caesars offers different types of sports wagers such as straights, parlay, futures, propositions, teasers, round-robin, points spread, and money line. Among them, winning a parlay gives you a higher payoff compared to other bet types.
Here at GamblerSaloon, we provide you with a step-by-step guide on how to create an account and bet parlay on Caesars online sportsbook.
A parlay bet is a single bet that links two or more wagers. It is a bit more exotic than a straight bet. To win the bet, you must win all the wagers in the parlay. In other words, if the player loses one wager, he/she loses the entire bet. However, if you win all of the wagers in the parlay, then you win a higher payoff than compared with single/separate bets.
Fan of parlays? Then why not use them in conjunction with a free bet? Wager with the sportsbook money, not your own.
Table of Contents
Here is the guide on how to bet parlay on Caesars:
Login or Create a Caesars Sportsbook Account
In order to place a bet, you need to have a valid Caesars sportsbook account. Caesars online sportsbook is currently available in over 16 states, including New Jersey, Iowa, Indiana, Colorado, West Virginia, Virginia, Michigan, and Tennessee.
As a parlay bet is a real money wager, you should be present within the state lines of the above states. Players who are of age 21 years or more are eligible to create an account.
Complete the registration process by entering the details such as name, date of birth, email, phone number, address, and create a username and password.
Use the promo code SALOONRF while registering to take advantage of the welcome bonus. After registration, make the first qualifying deposit and place your bet. On the first bet, players in AZ, CO, IN, IA, IL, KS, LA, MI, NJ, NY, OH, PA, TN, VA, WV, & WY get $1,250 in bet credits.
You can deposit money into your Caesars sportsbook account using a credit/debit card (Visa and MasterCard), ACH (e-check), Caesars Play+ prepaid card, or cash at the Caesars’ partner casinos/tracks cage.
Adding Bets to your Betslip
As now you have a valid Caesars sportsbook account and deposit money in it, you can begin to bet parlay on Caesars.
Once you sign in to your account, you’ll find all live and featured sports and games. Certainly, on the left side of the page, you can find all sports available to bet on Caesars.
As there is a wide range of sports to choose from, it is possible to add a number of games and sports into your parlay.
Select the sports/games you want to bet on and click the odds you’d like to play. The selections are added to your bet slip automatically. Indeed, you can add as many selections as you like into your betslip.
What is a Parlay Bet?
Before you get into how to parlay on Caesars, it is important to know exactly what parlay betting entails. This betting option has become extremely popular in the US sports betting market. It is a sports bet, similar to a round robin, which is easy to understand as the premise is that a bettor combines several bet types from multiple games. Initially, a traditional parlay sports bet would only include a point spread, moneyline, or total bet types. However, with the rise in popularity of player props and prop bets, these are also available for traditional parlays.
The one thing to always bear in mind is every selection you make in a parlay must hit to win. The potential payout will depend on the parlay odds of each event and also the number of legs in your overall parlay. It appeals to players as it adds fun to a series of games and you can also potentially get a big payout from a relatively small outlay.
For example, if you wanted to place a straight-up parlay on Caesars sports, you could bet on the New Orleans Saints, New England Patriots, and Green Bay Packers all to win in one NFL game week. They are a high risk, high reward style of bet but also very exciting.
Caesars Same Game Parlay
A same game parlay, otherwise referred to as an SGP, gives you the option of combining correlated outcomes from the same game to try and get a big payout. It is available on the Caesars sportsbook app so you can use this option on the go. Recognizing the SGP is growing in popularity, before the 2021 NFL season, Caesars revealed that customers could place same-game parlays on sports such as football and basketball, with more options to appear in the future.
With an SGP, you can combine a lot of wagers, but cannot combine contrasting bets. For example, if you are betting on Seattle Seahawks Vs San Francisco 49ers game, you can’t combine the Seahawks win and 49ers win in one bet.
In the same way with traditional parlays, you need to win each of your bets in order for the parlay to hit. The biggest difference is that you will typically get worse value in odds as the outcomes are correlated. Take a look at the below for an example:
- Spread/ Green Bay Packers -3.5 (-105)
- Total Points/ Over 43.5 (-110)
Parlay odds: +273
If the Packers cover the spread and the game accumulates over 44 points, then a $100 wager will make $273. You could place an NFL same game parlay on big events like the Super Bowl to add another layer of excitement. Same game parlays can be found next to traditional parlays when you come to place your bet on the Caesars platform.
Setup your Parlay Bet
As you add your selections, you can check the combined odds in the parlay section of the betslip. You can even include totals in the parlay bets.
Now, enter the stake amount into the parlay wager box within your betslip. Automatically, the parlay section of the betslip displays the potential payout with respect to your selections and stake.
Set up your parlay bet as fast as possible and place your bets. Because the odds, markets, or availability might change as time passes and the game progresses.
Bet Parlay on Caesars
Finally, you need to place your bets. This is the final and important step. All you need to do is, recheck all the selections along with the potential payout, then click on the ‘Place Bet’ button.
With placing your parlay bet, you can sit back, relax, enjoy the game, and hope for the winnings to start rolling in.
FAQs – Bet Parlay on Caesars
On what sports can I bet parlay with Caesars?
Can I make changes to parlay bet on Caesars?
Yes. you can make changes to your parlay bet on betslip as many times as you like, but only before placing your bet.
On the betslip, you can add/delete a section or change the stake amount.
With amending your betslip, the potential payout automatically updates. In addition, you can click on the ‘Clear All’ option on your betslip to delete all selections at a time.
Can I bet parlay on Caesars sportsbook mobile app?
Of course, you can bet parlay on the Caesars mobile app. Indeed, the mobile app is available for both Android and iOS devices.
Players can download the app either from the App Store and Play Store or directly from the Caesars website.
Are there any Parlay Promotions available on Caesars?
Caesars Sportsbook offers Parlay Promotions exclusively for some games and sports. In other words, parlay promotions change on a regular basis. Here’s how a parlay bet promotion usually works, place a $10 +2 or more leg parlay, and if you come up short, receive 20% cashback up to $20.
More about Caesars Sportsbook
Caesars Entertainment is one of the largest casino operators in the United States. They have launched online sports betting on September 2018. It is approved for real-money gaming and licensed by NJ Division of Gaming Enforcement. They have casinos all over the country, including 13 in the state of Nevada.
In April 2021, Caesars acquired William Hill US, one of the largest sports betting brands, and started offering sports wagering under the Caesars name. Meaning, the entire collection of mobile and retail sportsbooks that were once under the William Hill banner are now known as Caesars Sportsbook.
Caesars’ William Hill has retail operations in New Jersey, Nevada, Delaware, Iowa, Rhode Island, Mississippi, Michigan, and Pennsylvania. Whereas Caesars offers online and mobile sports betting for New Jersey, Iowa, Indiana, Colorado, West Virginia, Michigan, Tennessee, and Virginia residents.
For new players, the Caesars sportsbook offers up to $1,250 in bet credits on the first bet for new players. Not only that, 1000 tier credits and 1000 reward credits to go towards the Caesars reward program. You can claim this bonus in any legal betting state, so it is available for the Caesars New York sportsbook. Use the Caesars sportsbook promo code SALOONRF while registration.
On Caesars online sportsbook, you can wager on all major sports from around the globe. Such as football, basketball, baseball, hockey, soccer, boxing/MMA, auto racing, and others. The money odds are extremely competitive.
Moreover, if you have any issues during registration or placing your bets, reach out to Caesars customer support. They are available 24 hours a day and 7 days a week.