What’s BetMGM Parlay Insurance?

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BetMGM @BETMGM Feb 20, 2024, 6:35 PM

At BetMGM, when your parlay doesnโ€™t hit, parlay insurance is a good way to earn back some of your stake via Bonus Bets.

(Bonus Bets expire in seven days. Additional terms apply.)

What’s Parlay Insurance?

Parlay insurance is a concession for some (or all) of your losses by returning your stake in the form of Bonus Bets.

BetMGMโ€™s most common type of parlay insurance is Same Game Parlay Insurance. Hereโ€™s how it works:

Perhaps you wagered $25 on a four-leg NFL parlay with the following bets:

  • Chiefs moneyline: -300
  • Eagles moneyline: -250
  • Ravens vs. Steelers: Over 37.5 (-110)
  • Aaron Jones rushing yards: Over 68.5 (-110)

If all four legs hit, youโ€™d win $170.09, a profit of $145.09 on just $25.

But, with a Same Game Parlay Insurance that returns your stake up to $25, even if one leg misses, your entire stake is refunded (in Bonus Bets). Without the insurance, you wouldnโ€™t receive anything if one leg missed.

If you earn a Bonus Bet from Same Game Parlay Insurance or another BetMGM promotion, youโ€™ll see the Bonus Bet balance in your account.

You could, for example, use the $25 on an NFL moneyline bet, NBA prop bet, NHL parlay, or other odds. Or you could use a partial amount โ€“ e.g., $5 โ€“ on an NFL prop betย for Patrick Mahomes passing yards and the remaining amount ($20) one week later on a Boston Bruins moneyline bet.

Log in to your BetMGM account โ€“ or sign up for a new account and take advantage of welcome offers โ€“ to view all available promotions, Bonus Bet balance, updated odds, and more.

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