The Best Super Bowl Parlay Bets: Top Picks for the Big Game

12 min read
Oct 11, 2024, 9:33 AM
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Last Updated: Nov 5, 2024, 12:03 PM

Super Bowl Parlay Bets

The Super Bowl is more than the end of the NFL season; it’s a global event that brings in millions of fans.

Beyond the game itself, Super Bowl Sunday is synonymous with sports betting and there are plenty of ways to get in on the action.

One of the most popular is the Super Bowl parlay, where you can combine multiple bets into one big bet. Learning about Super Bowl parlays – how they work, how to build a winning ticket and responsible gambling will help you enjoy the big game responsibly.

What Is a Super Bowl Parlay?

A Super Bowl parlay is a single bet that combines two or more individual wagers—also known as "legs"—from the Super Bowl matchup. 

To win a parlay bet, every individual wager included must win; if even one leg fails, the entire bet loses. This all-or-nothing aspect increases both the risk and the potential payout, making parlays an exciting way to engage with the game.

For example, you might place a parlay bet that includes the Kansas City Chiefs winning the game, Patrick Mahomes throwing for over 300 yards, and Christian McCaffrey Anytime TD scorer for the opposing team. If all three outcomes occur, you win big; if any one of them doesn't, you lose your entire stake.

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Parlays can be tempting due to their potential for high payouts, but they also carry higher risks. Always consider whether the potential reward justifies the increased risk.

Understanding Same Game Parlays

Same Game Parlays (SGPs), also known as One Game Parlays or Single Game Parlays, allow you to combine multiple bets from the same game into one parlay. This betting option has become increasingly popular, especially for significant events like the Super Bowl.

SGPs are appealing because they enable bettors to leverage correlated outcomes. 

For instance, if you believe the game will be high-scoring, you might bet on the over for total points, specific players to score touchdowns, and quarterbacks to surpass certain yardage thresholds. Many sportsbooks, including DraftKings Sportsbook and FanDuel Sportsbook, offer dedicated Same Game Parlay tabs in their NFL sections, making it easier to construct these bets.

Responsible Gambling Tip
While SGPs offer exciting ways to bet on the game, the odds can be lower due to the correlation between events. Always check the total odds and understand how the correlation affects potential payouts.

Benefits of Betting on Super Bowl Parlays

Higher Potential Payouts

  • Better Odds: Combining multiple wagers increases the odds exponentially, offering the chance for a significant return on a relatively small stake.
  • Win Big: The allure of turning a modest bet into a substantial payout is a major draw for parlay bettors.

Increased Engagement

  • Exciting Ways to Bet: Parlays keep you engaged throughout the game, as multiple outcomes need to occur for you to win.
  • Multiple Wagers: With a single bet, you're invested in various aspects of the game, from the first half to the final whistle.

Flexibility

  • Varied Odds: You can include bets with different odds, from favorites to underdogs, enhancing your potential payout.
  • Correlated Outcomes: By selecting events likely to occur together, you can strategize your parlay for a higher chance of success.
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Always remember that while the potential payouts are higher, the likelihood of winning decreases with each added leg. Balance your desire for a big win with the realistic chances of success.

How to Build a Winning Super Bowl Parlay

Research is Key

  • Study Team Performance: Analyze both teams' regular-season and playoff games to identify trends.
  • Player Statistics: Look into individual performances during the regular season and playoffs. For example, assess Patrick Mahomes' passing yards or Christian McCaffrey Anytime TD stats.

Choose Correlated Outcomes

  • Correlated Bets: Select bets that are likely to occur together. For instance, if you believe the Kansas City Chiefs will dominate, you might bet on them to win, Patrick Mahomes to have over 300 passing yards, and the team to score over 30 points.
  • Same Game Parlays: Utilize SGPs to combine these correlated bets within the same game.

Limit the Number of Legs

  • Manage Risk: While more legs mean higher potential payouts, they also increase the risk. A parlay bet with three or more legs is common, but adding too many can make winning exceedingly difficult.
  • Minimum Odds: Some sportsbooks require a minimum odds threshold for parlays, especially when using bonus bets or promotions.

Use a Parlay Calculator

  • Calculate Potential Payouts: A parlay calculator helps you understand the potential return based on your selected bets.
  • Expected Value: Assess the expected value of your parlay to determine if it's a worthwhile wager.
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Be realistic about your chances. High odds may be enticing, but they also indicate a lower probability of winning. Bet within your means.

Top Sportsbooks for Super Bowl Parlays

DraftKings Sportsbook
DraftKings New Customer Bonus - Bet and Get Up to $500 in Bonus Bets + 1 Month of NFL+ Premium
Details
BetMGM Sportsbook
BetMGM First Bet Offer: Up To $1500 In Bonus Bets
Details
FanDuel Sportsbook
FanDuel Bet $5 Get $200
Get bonus here
  • Availability across most of US legal states
  • Competitive odds & diverse markets
  • Attentive customer service
  • Extensive list of Same Game Parlay's
  • App speeds vary for some users
  • Geo locate sometimes unreliable
AZ
CO
CT
IL
IN
IA
KS
KY
LA
MD
MA
MI
NJ
NY
OH
PA
TN
VA
WV
WY
NC
VT
DC
ON
CAD
USD
VISA
Mastercard
Discover
Debit Cards
ApplePay
Google Pay
Venmo
PayPal
FanDuel Prepaid Card
Cash at Retail Stores
Cash at Cage
ACH/eCHECK
American Express
Bank Wire Transfer
Diners
VIP Preferred
Play+
Go to Website
Details
DraftKings Sportsbook
DraftKings New Customer Bonus - Bet and Get Up to $500 in Bonus Bets + 1 Month of NFL+ Premium
Get bonus here
  • Extensive betting markets
  • Live betting
  • Efficient & secure payments
  • Strong security measures
  • Mobile app connectivity issues
  • Maximum bets on odds boosts are low.
  • Promotional restrictions
NJ
CO
OH
IA
VA
KY
AZ
CT
IL
IN
KS
LA
MD
MA
MI
NH
NY
OR
PA
TN
WA
WV
WY
ON
PR
DC
CAD
USD
ACH/eCHECK
American Express
ApplePay
Google Pay
Debit Cards
VISA
Bank Wire Transfer
PayPal
Trustly
Paynearme
paysafecard
Cash at Cage
Skrill
Cash at Retail Stores
DraftKings Gift Card
Play+
Venmo
VIP Preferred
Mastercard
Discover
Go to Website
Details
BetMGM Sportsbook
BetMGM First Bet Offer: Up To $1500 In Bonus Bets
Get bonus here
  • Available in many U.S. States and Canada
  • Numerous betting markets
  • Major partnerships with teams/leagues
  • Promotions are timely and change rapidly
  • Connectivity issues on betting app
AZ
CO
IN
IA
IL
KS
KY
LA
MD
MI
NJ
OH
PA
TN
VA
DC
WV
WY
NC
ON
MO
CAD
USD
Venmo
American Express
Borgata Cage
Mastercard
VISA
Paynearme
PayPal
Play+
BetMGM GiftCard
VIP Preferred
Bank Wire Transfer
ApplePay
Google Pay
Discover
GameOn Gift Card
Debit Cards
Go to Website
Details
ESPN Bet Sportsbook
ESPN BET Make Any Bet Get $100
Get bonus here
  • Extensive Market Reach.
  • Unmatched Fan Engagement.
  • Live betting.
  • Digital media bohemeth.
  • Limited live streaming.
  • Connectivity issues on betting apps.
AZ
CO
IL
IA
KS
KY
LA
MD
MI
NJ
OH
PA
TN
VA
WV
MA
NC
USD
CAD
VISA
Mastercard
Trustly
ACH/eCHECK
PayPal
Skrill
Venmo
Cash at Cage
Bank Wire Transfer
ApplePay
Debit Cards
Go to Website
Details

Tips for Maximizing Your Winnings

1. Shop Around for the Best Odds

  • Compare Sportsbooks: Different sportsbooks offer varied odds. Comparing multiple sportsbooks can maximize your potential payout.
  • Offer Odds: Look for enhanced odds on Super Bowl parlays.

2. Stay Informed

  • Injury Reports: Player availability can significantly impact the game. Keep an eye on injury updates.
  • Weather Conditions: External factors like weather can affect performance, especially in outdoor stadiums.

3. Manage Your Bankroll

  • Set a Budget: Decide how much you're willing to wager on Super Bowl Sunday and stick to it.
  • Avoid Chasing Losses: If a bet loses, don't immediately try to recover by placing larger bets.

How Odds Are Calculated in a Super Bowl Parlay

Understanding how odds work in a parlay is crucial for any bettor.

Multiplication of Individual Odds

  • Total Odds: In a parlay, the odds of each leg are multiplied to calculate the total odds.
  • Example Calculation:
    • Leg 1: Chiefs to win at +150 (2.5 decimal odds)
    • Leg 2: Over 54.5 points at -110 (1.91 decimal odds)
    • Leg 3: Mahomes over 300 passing yards at +120 (2.2 decimal odds)
    • Total Odds: 2.5 x 1.91 x 2.2 = 10.505

Potential Payout

  • Bet Slip: When you add these legs to your bet slip, the sportsbook will automatically calculate the potential payout.
  • Example: A $10 wager at total odds of 10.505 would yield a potential return of $105.05.
Responsible Gambling Tip
Use the sportsbook's calculation tools to understand your potential payout before placing the bet.

Examples of Popular Super Bowl Parlay Bets

To help you visualize how parlays work, here is a table showcasing examples of Super Bowl parlay bets, including their legs, individual odds, total odds, and potential payouts.

Parlay NameLeg 1Leg 2Leg 3Individual OddsTotal OddsPotential Payout ($10 Bet)
Offensive ShowcaseOver 54.5 total points (-110)Both teams over 24.5 points (+200)Mahomes & Opposing QB over 2 TDs each (+150)1.91, 3.00, 2.5014.33$143.30
Defensive BattleUnder 44.5 total points (-110)No first-quarter scoring (+400)First half under 20 points (-110)1.91, 5.00, 1.9118.24$182.40
Player PerformanceChristian McCaffrey Anytime TD (-150)Two or more TDs by any player (+300)Over 100 rushing yards for specific player (+250)1.67, 4.00, 3.5023.38$233.80

How Super Bowl Parlays Work

Parlays are complex bets, and it's essential to understand their mechanics fully.

All or Nothing

  • Bet Loses if One Leg Fails: The parlay bet loses entirely if any single leg doesn't win.
  • Higher Risk: This structure makes parlays riskier than individual bets.

Correlated Outcomes and Restrictions

  • Correlated Outcomes: Some sportsbooks restrict certain combinations of bets that are too closely related (e.g., betting on a team to win and the opposing quarterback to throw under a certain number of yards).
  • Same Game Parlays: SGPs often allow for these correlated bets but may adjust the odds accordingly.
Responsible Gambling Tip
Be aware of the sportsbook's rules regarding parlays to avoid any unexpected issues when placing your bet.

The Impact of Bonus Bets and Promotions

Many sportsbooks offer bonus bets, free bets, or promotions during the Super Bowl.

Understanding Bonus Bets

  • Non-Withdrawable Bonus Bets: These are credits given by the sportsbook that cannot be withdrawn but can be used to place bets.
  • Qualifying Bet: Often, you must place a qualifying bet to receive the bonus.
  • Read the Fine Print: Understand the terms, such as minimum odds and wagering requirements.
  • One Bonus Per Customer: Most promotions are limited to one per customer, household, or IP address.

Responsible Gambling Practices

Recognize the Signs of a Gambling Problem

  • Chasing Losses: Continuously trying to win back lost money.
  • Betting Beyond Means: Wagering more money than you can afford to lose.
  • Neglecting Responsibilities: Ignoring work, family, or social obligations due to gambling.

Seek Help if Needed

  • Gambling Problem Resources: Organizations like the National Council on Problem Gambling offer support.
  • Self-Exclusion: Most sportsbooks allow you to limit or exclude yourself from betting.
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Always prioritize your well-being over gambling activities. If you feel that gambling is affecting your life negatively, seek professional help.

Betting on Super Bowl parlays offers an exciting avenue to engage with the big game, providing the potential for significant payouts through the combination of multiple wagers. 

By understanding how parlay bets work, utilizing same game parlays, and employing strategic research and responsible gambling practices, you can enhance your Super Bowl experience.

Remember, while the prospect of a big win is enticing, it's crucial to gamble responsibly. Set a budget, understand the risks, and most importantly, enjoy the game for what it is—a celebration of football at its highest level.

If you or someone you know has a gambling problem, resources are available to help you navigate these challenges.

<p>With 20+ years of writing experience across sports, gambling, regulation, technology and startups Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work is about providing clear factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research so the content at RG is straightforward, evidence based and accessible.</p><p>At RG Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction RG aims to provide practical insights into sports and responsible gambling that support a balanced and informed approach. Sol’s approach has helped RG become a go to source for readers looking to engage responsibly and thoughtfully in the industry.</p>
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Sol Fayerman-Hansen
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With 20+ years of writing experience across sports, gambling, regulation, technology and startups Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work is about providing clear factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research so the content at RG is straightforward, evidence based and accessible.

At RG Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction RG aims to provide practical insights into sports and responsible gambling that support a balanced and informed approach. Sol’s approach has helped RG become a go to source for readers looking to engage responsibly and thoughtfully in the industry.

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