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.
