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Parlay Insurance
sports bettingA promotion offered by some sportsbooks that provides a refund or a free bet if a bettor loses a parlay by only one leg. This reduces the risk of placing multi-leg parlays.
Key Takeaways
- 1A promotion offered by some sportsbooks that provides a refund or a free bet if a bettor loses a par
Parlay Insurance
A promotion offered by some sportsbooks that provides a refund or a free bet if a bettor loses a parlay by only one leg. This reduces the risk of placing multi-leg parlays.
Example
Thanks to parlay insurance, the bettor got their stake back as a free bet when their 5-team parlay lost by just one game.
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