Parlay betting Maryland is easily one of the most popular betting options on all of the big sportsbooks in the state (and in sports betting in general), there’s nothing quite as exciting as placing a parlay bet and then waiting to see if every leg cashes in!
At the same time, parlay betting is (slightly) more advanced than traditional “straight” wagers – which is why you’ll want to be sure that you read all of the inside information below before deciding if these are the kinds of bets you want to place.
- Guide to Parlay Bets MD
- Best sportsbooks in Maryland with Parlay odds 2023
- Best sportsbooks in Maryland for Parlay odds
- Parlay Bets 101 – Maryland
- FAQ's About Parlay betting Maryland
Guide to Parlay Bets MD
These kinds of wagers are always a lot of fun – and betting a parlay (especially if you start small your first few times) is the best way to learn precisely how they work.
For now though, let’s run through the basics of these bets, how they work, and highlight some of the top online sportsbooks with Parlay betting in Maryland that you’ll want to consider using when you want to place bets. Let’s get right into it, shall we?
Best sportsbooks in Maryland with Parlay odds 2023
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Best sportsbooks in Maryland for Parlay odds
Of course, a big piece of the puzzle to placing these kinds of wagers is finding the best parlay odds in the business.
Parlay odds in MD are calculated differently than traditional odds, and it’s important to understand precisely how those odds are going to shake out before you put any money down on the table.
There are a lot of great odds calculators online that can help you better understand your parlay action (many of them provided by the top sportsbooks in Maryland we highlight below). If you’re going to play parlay bets, though, these are the books you’ll want to jump on!
MGM has a near-legendary reputation in Maryland as one of the top online sportsbooks around, and it’s not hard to see why.
Their whole platform is really polished, really professional, and really well-designed right from the ground up – and they offer some of the best odds for betting a parlay in the state.
This is another great online sportsbook that you’ll want to jump on if you’re serious about making some money off of Oriole, Terrapin, or any other team for that matter – especially if you like parlay action.
This platform always has different promoted parlays you can play with even more dramatic increase jackpot potential, though the odds are definitely a little steeper against you, too. Even still, it’s hard to resist those kinds of payouts!
DraftKings does a really nice job with their parlay bets, not only offering them on their traditional site but also often offering them with their other betting options as well.
If you already love everything that DraftKings brings to the table, the odds are pretty good. So you’ll have a great time placing a parlay bet there as well.
The Barstool Sportsbook is a relative newcomer to the industry, but if you’ve ever paid even a little bit of attention to Dave Portnoy (founder of the company), you know how much he loves to place parlay bets!
Unsurprisingly, parlay action here is a big piece of the puzzle on the Barstool Sportsbook. Not only will you be able to play multiple parlays across multiple games, but you’ll also have the opportunity to place parlays across different sports too.
FanDuel in Maryland has hit parlay action right out of the park, especially with their “Same Game Parlay” promotion. One of the most unique parlay betting opportunities for Maryland sports betting sites today, this Same Game Parlay action allows you to place multiple parlay bets on the exact same game.
Moneyline, totals, spreads, over/under, and prop bets are all available as part of this promo, and these FanDuel parlays are already becoming some of the most popular options in the industry.
Parlay Bets 101 – Maryland
As we highlighted above, parlay bets are easily one of the most popular kinds of wagers being bet regularly – wagers that dramatically increase the potential winnings a player can take home while also shaking up the odds quite a bit.
To put it simply, a parlay bet is essentially multiple bets combined under one “umbrella.” For example, let’s say that you wanted to bet the over/under for the upcoming Maryland Terrapins football game.
Well, you could bet all of those wagers individually (and win or lose them individually), or you could decide to roll them into one big parlay.
How do Parlays work?
If you did decide to roll those three individual bets into a single parlay, you would now have three “legs” of a parlay, and each of them would need to hit for you to take home the winnings.
The odds would be adjusted (on a sportsbook by sportsbook basis, as well as on a parlay odds by odds basis), but the jackpot potential would shoot right through the roof. This is because you have to win each of these three bets to win it all – losing even just one of them washes out the parlay completely, and you go home with nothing.
That’s where the real excitement of these kinds of wagers comes into play and why so many people love jumping into them.
There’s nothing like putting a bit of money on a couple of different games and watching them all to see how everything shakes out, except for cashing in a winning parlay betting slip and watching that money flood right into your online Maryland sportsbook account!
How a Push works in a Parlay
As we mentioned above, you have to win each of the individual legs of your parlay to take home the total cash payout.
But what happens when you’re dealing with a Push? Push situations happen when you bet a spread or total and end up hitting the exact number that was established by the oddsmaker.
For example, let’s just say that the Barstool platform put out a total of 47 (instead of 47.5) for a Terrapins football game, and you played that as a leg of your parlay – and that’s exactly what the total score ended up being.
In the event of this situation, a legitimate Push, that leg of your parlay disappears completely. It’s like it didn’t even happen, and the money that you put down on that specific wager would be returned to you.
If you had other parlay legs still active, those would morph into your new “active parlay.” If, however, you only had two legs on your parlay – and this was one of them – your parlay would morph back into a straight bet style wager (though you would still receive your refund from the Push).
Teasers vs. Parlays
Teasers are a little bit different than a parlay, and it’s important to understand how they shake out, especially if you plan on doing a lot of sports betting during football season (when these kinds of bets are most popular).
Teaser parlays are basically wagers where you move the money line in your direction, usually on the spread, so that you can increase your odds of winning.
These kinds of wagers can be a lot of fun because you increase your potential to win, but you do need to remember that you’re going to decrease your potential payout. So if these are the kinds of parlays you are into, just know that you might not be able to pull down the same kind of big-time winnings that you might have with straight parlay action.
FAQ’s About Parlay betting Maryland
The biggest reason to play parlays – aside from the fun factor, of course – is that you can dramatically increase your potential winnings without having to do too much extra.
If you were going to place multiple bets down on different games (or on the same game, even), then deciding to parlay them all together only boosts your potential payout for wagers you were already going to make separately in the first place.
As we mentioned earlier, the biggest downside to betting a parlay is that you miss out on just a single leg and end up losing everything – even if you miss by just a little bit.
Plenty of people have made multi-leg parlays (five, six, or seven leg parlays) and come excruciatingly close to winning serious amounts of money only to have one leg go “belly up,” and they lose everything because of it.
Not every wager is going to parlay eligible from every single sportsbook. However, the sportsbooks that do offer parlay betting are always really upfront and obvious about which wagers can be wrapped up in a parlay and which ones cannot. Look for these kinds of indicators for you to jump right in!
The overwhelming majority of sportsbooks out there will let you parlay prop bets as a general rule. However, just know that many of these kinds of bets and upturning traditional parlays into teaser-style bets, so that’s something that you’re going to want to be aware of before you jump right in.