Available to both new and longtime BetMGM customers, parlay boosts are a sports betting promotion that can increase potential payouts and excitement.
What’s a Parlay Boost?
A parlay boost — aka Parlay Boost Token — changes the odds of your parlay bet, which increases the potential payout if the parlay hit.
Some boost are sport- and event-specific while others are eligible for all sports and events on the online sportsbook.
Perhaps you were browsing NBA odds and live betting moneylines caught your attention: Warriors (+170), Kings (-250), and Lakers (-250). If you loved all three moneylines, you had three options:
- Separate Bets: Three separate $10 bets, for example, would return $57.95, a profit of $27.95, if all three tickets cashed.
- Parlay Bet: By combining the three moneylines into one $30 NBA parlay, the payout would be $186.56, a profit of $156.56, if all three moneylines hit.
- Parlay Boost: If your BetMGM account had an active 10% Parlay Boost, and you opted to use it on this $30 parlay, the payout would be $205.22.
In using the boost your reward increased without increasing the risk.
If you placed two separate $10 moneyline bets with -200 odds apiece, for example, your potential payout on each bet is $15 (including the $10 stake). If both tickets cash, your total payout is $30, and the total profit is $10.
If you combined the two moneyline wagers into one parlay bet, your stake remains $20 but, with increased odds (+125), your total payout is $45, and total profit is $25.
At BetMGM, you can build a parlay with multiple games across one sport or multiple sports.
How to Earn a Parlay Boost
There are two ways to earn a Parlay Boost:
- By Doing Nothing: Log in to your BetMGM account and the Parlay Boost is waiting for you. Oftentimes, a Parlay Boost is added to your account as a random bonus for being a BetMGM customer. Whether you’re browsing NBA lines, building a multi-sport parlay, or placing a soccer bet online, a Parlay Boost might appear in your account for literally doing nothing out of the ordinary.
- Earn a Promotion: Customers can also earn a Parlay Boost from a promotion. You might be rewarded for completing missions for an MLB promo, placing a futures bet, or building a three-leg parlay. Keep an eye out for sports betting promotions that include Parlay Boosts so you can have a fun Tuesday night watching the Warriors, Kings, and Lakers cash your parlay ticket.
Sign in to your account today to start earning boosts!