Everyone argues about which book pays parlays best. Almost nobody checks the number that actually decides it, which is the maximum the book will pay you at all.
There is a widely repeated idea that some sportsbooks pay parlays on a reduced fixed table while others pay true odds, and that finding the true-odds books is the whole game.
We went through the published rules of every book people name in these arguments. None of the major online books uses a reduced table. Bovada publishes its parlay odds and they match exact true-odds maths to three decimal places. BetOnline publishes the same figures rounded. The reduced 13/5 and 6/1 tables people are thinking of are a Las Vegas paper parlay card convention, not the online standard.
The real differences are elsewhere, and one of them is worth twenty times more than the others.
On this page
The maximum payout, which is the whole ballgame
Every sportsbook caps what it will pay on a single ticket. The caps are published, they are wildly different from each other, and a parlay is the one bet type that routinely runs into them.
| Book | Parlay max payout | Additional constraint |
|---|---|---|
| bet365 | $5,000,000 | Highest cap we found anywhere |
| Caesars | $3,000,000 | Per day, absent prior approval |
| Bovada | $1,000,000 | “No wager payout will exceed this amount under any circumstances” |
| FanDuel | $1,000,000 | Per bet, straight, parlay or SGP |
| Fanatics | $1,000,000 | – |
| DraftKings | $500,000 | Net default, up to $1m on NBA, NFL, MLB tiers |
| Bookmaker.eu | $250,000 | Applies across multiple identical parlays |
| BetAnySports | $250,000 | Unlimited on request, but forfeits bonus eligibility |
| BetUS | $200,000 | – |
| BetOnline | $150,000 | Plus a $250,000 cap per player in any 24 hours |
| MyBookie | $100,000 | And $100,000 combined daily |
| Xbet | $50,000 | And $50,000 combined daily |
That is a hundred-fold spread between bet365 and Xbet. BetMGM is structured differently again and worth noting: its rules cap the stake rather than the win, and state explicitly that limits “cannot be applied to reduce a winning wager amount.” That is a regulatory requirement, not a marketing choice.
A $20 ten-leg parlay at -110 returns $12,861.63. Comfortable everywhere. But a $1,000 six-leg parlay of standard -110 legs returns $48,413, which is essentially the whole of Xbet’s ceiling. Take that same ticket to seven legs and it returns $92,424, inside MyBookie’s cap by $7,576 and under a tenth of what Bovada would pay on identical risk. The books with the smallest caps tend to be the ones whose parlay promotions are loudest.
Two we could not verify: JazzSports and Heritage Sports do not publish a parlay payout cap anywhere we could reach. Absence of a published cap is not the same as absence of a cap. Ask before you bet anything large.
What true odds actually pay
Here is the correct table, computed from -110 legs. Bovada publishes figures identical to these, which is a good sign about Bovada and a useful reference for checking anyone else.
| Legs | Odds | $20 returns |
|---|---|---|
| 2 | +264 | $72.89 |
| 3 | +596 | $139.16 |
| 4 | +1,228 | $265.67 |
| 5 | +2,436 | $507.18 |
| 6 | +4,741 | $968.25 |
| 8 | +17,545 | $3,528.93 |
| 10 | +64,208 | $12,861.63 |
If your book pays materially less than this on -110 legs, it is not using true odds and you should know that before you build the ticket, not after.
What parlays cost, from a state regulator
New Jersey’s Division of Gaming Enforcement breaks out parlays as their own category in its monthly reports, which makes it the best public source on this anywhere in the country.
Year to date through April 2026, New Jersey parlay handle was $1,228,193,584 and parlay win was $227,354,606. That is a hold of 18.5 percent.
Over the same period, football held 8.3 percent, baseball 4.9 percent and basketball 4.6 percent.
Parlays hold four times what basketball straight bets hold. This is not an estimate from an affiliate site. It is arithmetic on a government filing.
The compounding is easy to see once you do it yourself. Each -110 leg you add multiplies your expected return by roughly 0.955.
| Legs | -110 legs | -115 legs | -120 legs |
|---|---|---|---|
| 2 | 8.9% | 12.6% | 16.0% |
| 3 | 13.0% | 18.3% | 23.0% |
| 4 | 17.0% | 23.6% | 29.4% |
| 6 | 24.4% | 33.3% | 40.7% |
| 8 | 31.1% | 41.7% | 50.1% |
Notice the second and third columns. Parlaying props rather than sides roughly doubles the damage, because you are compounding a worse starting price. That is the connection between this page and what props actually cost.
Parlays are now roughly a third of handle across the states that report it, and around 61 percent of operator revenue. In New Jersey the split is 32 percent of handle producing 65 percent of revenue. The entire modern sportsbook business model is in those two numbers.
Same game parlays and the price gap between books
Nobody publishes a hold figure for same game parlays. What you can do instead is price the same ticket at four books, which somebody did.
An identical three-leg same game parlay was offered at:
- Caesars +580
- DraftKings +550
- BetMGM +400
- FanDuel +369
On a $100 stake that is $580 profit at Caesars against $369 at FanDuel. A $211 difference on the same three legs, which is 36.4 percent less money for identical risk.
Nothing in sports betting has a spread like that. A sideline that varies from -110 to -105 across the market is a 2 percent difference and people build entire strategies around capturing it. Same game parlay pricing varies by a third and most people never check.
The reason is that SGP pricing is proprietary. Each book models the correlation between legs itself, applies its own margin, and the results diverge enormously. Where one book assumes two legs are positively correlated and shortens the price, another may treat them as independent.
Build the same SGP at three books before placing it. It takes ninety seconds and it is the highest return per minute of effort available anywhere in betting. See also why line shopping matters on straight bets, where the numbers are much smaller and people still bother.
Correlated legs, and the rule that gets bets voided
Here is the structural thing that confuses people. A same game parlay is a correlated parlay. Books allow it because they reprice it. Put the same correlated legs into a normal parlay and they will void it.
BetMGM’s rules state it about as clearly as it can be stated: related outcomes are prohibited, and that prohibition “does not apply to Same Game Parlays.”
What the offshore books void, from their published rules:
- Bovada: spread and moneyline on the same team, first half or second half combined with the full game, both sides of the same market, alternate lines combined with other markets.
- Bookmaker.eu: spread with moneyline, run line with total, puck line with total. “Management decisions are final.”
- BetAnySports: correlated plays are “voided or split into separate straight wagers with the risk amount divided equally,” and no warning is given at the time you place the bet.
- MyBookie and Xbet: the same language, plus one specific rule people trip over constantly, which is that you cannot parlay the spread with the total when the full game spread is roughly one third of the total.
- Heritage Sports: team total with team total, team total with run line, moneyline or total, and side with side in the same game.
The BetAnySports rule is the one to watch. Your ticket looks accepted, it stays in your open bets, and it is quietly settled as separate straight wagers. If you have never read the correlation section of your book’s rules, that is twenty minutes well spent.
Boosts, round robins and max legs
MyBookie publishes a boosted parlay table starting at 2 percent for three legs and rising 2 percent per leg to 28 percent at sixteen legs. Every leg must be priced -1000 or shorter, and same game parlays and live bets are excluded. Note the tension with the section above: MyBookie’s parlay payout cap is $100,000, so the boost has a ceiling built into it.
bet365 runs a similar structure from 2.5 percent on two legs up to 100 percent at twenty, with the boost itself capped at $150,000.
On round robins, BetUS publishes support for three to eight selections. DraftKings and FanDuel both support them. Fanatics supports them but will not let you include selections from the same event, so no same game parlay round robins. Caesars offers a Super Parlay combining SGPs with straights up to 25 legs, and a Flex Parlay that pays on a minimum number of correct picks. Bovada, BetOnline, Bookmaker, MyBookie, Xbet, Heritage and BetAnySports do not address round robins in the rules pages we could reach.
Maximum legs: Bookmaker 15, BetMGM 15, BetUS 10 with teasers to 15, Caesars 25 on a Super Parlay. Bovada’s own pages contradict each other, one saying 12 and another 16, which is worth a support message before you build something long there.
In December 2025 the Massachusetts Gaming Commission ordered DraftKings to pay $934,137 on 27 parlays with $12,950 staked, after a DraftKings configuration error. DraftKings argued the customer was exploiting an obvious error. The commission disagreed and made them pay. No offshore book has a regulator who can do that. We go through the escalation routes in what Reddit complains about most.
Which sportsbook pays the most on parlays?
On odds, most of them pay the same, because the reduced fixed payout table people worry about is a Las Vegas paper card convention rather than the online standard. Bovada publishes true odds matching exact maths, and BetOnline publishes the same figures rounded. What differs enormously is the maximum payout: bet365 caps at $5,000,000, Caesars at $3,000,000 a day, Bovada and FanDuel at $1,000,000, DraftKings at $500,000 net, and offshore books run from $250,000 at Bookmaker down to $50,000 at Xbet.
What is the maximum payout on a parlay?
It depends on the book and the spread is roughly a hundred to one. Published caps: bet365 $5,000,000, Caesars $3,000,000 per day, Bovada $1,000,000, FanDuel $1,000,000, Fanatics $1,000,000, DraftKings $500,000 net, Bookmaker.eu $250,000, BetAnySports $250,000, BetUS $200,000, BetOnline $150,000, MyBookie $100,000, Xbet $50,000. BetOnline, MyBookie and Xbet also apply daily caps on top. JazzSports and Heritage do not publish a figure.
How much do sportsbooks make on parlays?
New Jersey’s regulator breaks parlays out separately. Year to date through April 2026, parlay handle was $1,228,193,584 and parlay win was $227,354,606, a hold of 18.5 percent. Over the same period football held 8.3 percent, baseball 4.9 percent and basketball 4.6 percent. Parlays are around a third of handle nationally but roughly 61 percent of operator revenue.
Do different books price the same same game parlay differently?
Dramatically. An identical three-leg SGP was priced at +580 at Caesars, +550 at DraftKings, +400 at BetMGM and +369 at FanDuel. On a $100 stake that is $580 profit against $369, a difference of 36.4 percent for identical risk. Same game parlay pricing is proprietary, each book models leg correlation itself, and the results diverge far more than straight prices do. Building the same ticket at three books before placing it is the highest return per minute of effort in betting.
Why did my parlay get voided or split into straight bets?
Almost certainly a correlation rule. Books void parlays combining outcomes that depend on each other, such as spread and moneyline on the same team, or a half combined with the full game. Bovada, Bookmaker, MyBookie, Xbet and Heritage all publish lists of prohibited combinations. BetAnySports goes further and voids or splits the wager into separate straight bets with the risk divided equally, with no warning at the time of placement. Same game parlays are the exception, because the book has already repriced the correlation.
How many legs can I put in a parlay?
Published limits: Bookmaker.eu 15, BetMGM 15, BetUS 10 with teasers up to 15, and Caesars 25 on its Super Parlay product. DraftKings, FanDuel, Fanatics and bet365 do not publish a limit. Bovada’s own pages contradict each other, one stating 12 and another 16, so confirm with support before building a long ticket there.
Are parlay boosts worth taking?
They reduce the damage rather than reversing it. MyBookie’s published boost runs from 2 percent at three legs to 28 percent at sixteen, and bet365 runs 2.5 percent at two legs to 100 percent at twenty. Set that against theoretical hold of 24.4 percent on a six-leg parlay of -110 legs and 40.7 percent if those legs are -120 props. A boost on a long parlay of juiced legs is a discount on a very expensive product. Note too that MyBookie’s boost sits under a $100,000 payout cap.
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