{"id":120470,"date":"2024-02-24T09:40:53","date_gmt":"2024-02-24T09:40:53","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/"},"modified":"2024-02-24T09:40:53","modified_gmt":"2024-02-24T09:40:53","slug":"what-is-parlay-insurance-draftkings","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/","title":{"rendered":"What is Parlay insurance DraftKings?"},"content":{"rendered":"<p>Parlay insurance on DraftKings is a feature that allows bettors to receive their stake back if only one leg of their parlay bet loses.<\/p>\n<p>Parlay bets can be a lucrative way to increase your winnings by combining multiple individual bets into one wager. However, the risk is that if just one of the legs of your parlay loses, the entire bet is lost. <\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#FAQs_about_Parlay_insurance_DraftKings\" title=\"FAQs about Parlay insurance DraftKings:\">FAQs about Parlay insurance DraftKings:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#1_How_does_Parlay_insurance_work_on_DraftKings\" title=\"1. How does Parlay insurance work on DraftKings?\">1. How does Parlay insurance work on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#2_Is_Parlay_insurance_available_for_all_types_of_sports_bets_on_DraftKings\" title=\"2. Is Parlay insurance available for all types of sports bets on DraftKings?\">2. Is Parlay insurance available for all types of sports bets on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#3_Can_I_place_a_parlay_bet_without_opting_for_Parlay_insurance_on_DraftKings\" title=\"3. Can I place a parlay bet without opting for Parlay insurance on DraftKings?\">3. Can I place a parlay bet without opting for Parlay insurance on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#4_How_much_does_Parlay_insurance_cost_on_DraftKings\" title=\"4. How much does Parlay insurance cost on DraftKings?\">4. How much does Parlay insurance cost on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#5_Can_I_use_Parlay_insurance_multiple_times_on_DraftKings\" title=\"5. Can I use Parlay insurance multiple times on DraftKings?\">5. Can I use Parlay insurance multiple times on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#6_Is_Parlay_insurance_a_guaranteed_win_on_DraftKings\" title=\"6. Is Parlay insurance a guaranteed win on DraftKings?\">6. Is Parlay insurance a guaranteed win on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#7_How_do_I_know_if_my_parlay_bet_qualifies_for_Parlay_insurance_on_DraftKings\" title=\"7. How do I know if my parlay bet qualifies for Parlay insurance on DraftKings?\">7. How do I know if my parlay bet qualifies for Parlay insurance on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#8_Can_I_cash_out_my_parlay_bet_if_I_have_Parlay_insurance_on_DraftKings\" title=\"8. Can I cash out my parlay bet if I have Parlay insurance on DraftKings?\">8. Can I cash out my parlay bet if I have Parlay insurance on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#9_How_can_I_opt_for_Parlay_insurance_on_DraftKings\" title=\"9. How can I opt for Parlay insurance on DraftKings?\">9. How can I opt for Parlay insurance on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#10_Can_I_remove_Parlay_insurance_after_placing_my_bet_on_DraftKings\" title=\"10. Can I remove Parlay insurance after placing my bet on DraftKings?\">10. Can I remove Parlay insurance after placing my bet on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#11_What_happens_if_all_legs_of_my_parlay_bet_win_with_Parlay_insurance_on_DraftKings\" title=\"11. What happens if all legs of my parlay bet win with Parlay insurance on DraftKings?\">11. What happens if all legs of my parlay bet win with Parlay insurance on DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#12_Is_Parlay_insurance_worth_it_on_DraftKings\" title=\"12. Is Parlay insurance worth it on DraftKings?\">12. Is Parlay insurance worth it on DraftKings?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_Parlay_insurance_DraftKings\"><\/span>FAQs about Parlay insurance DraftKings:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_How_does_Parlay_insurance_work_on_DraftKings\"><\/span>1. How does Parlay insurance work on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhen placing a parlay bet on DraftKings, you can opt-in for parlay insurance at an additional cost. If only one leg of your parlay bet loses, DraftKings will refund your original stake as a free bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Is_Parlay_insurance_available_for_all_types_of_sports_bets_on_DraftKings\"><\/span>2. Is Parlay insurance available for all types of sports bets on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nParlay insurance is usually available for most sports and bet types on DraftKings, but it&#8217;s always a good idea to check the terms and conditions before placing your bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Can_I_place_a_parlay_bet_without_opting_for_Parlay_insurance_on_DraftKings\"><\/span>3. Can I place a parlay bet without opting for Parlay insurance on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can place a parlay bet on DraftKings without opting for parlay insurance. However, if you choose not to opt-in for parlay insurance and one leg of your parlay loses, you will lose the entire bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_much_does_Parlay_insurance_cost_on_DraftKings\"><\/span>4. How much does Parlay insurance cost on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of parlay insurance on DraftKings may vary depending on the specific bet and promotion. It&#8217;s important to check the terms and conditions before placing your bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_I_use_Parlay_insurance_multiple_times_on_DraftKings\"><\/span>5. Can I use Parlay insurance multiple times on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTypically, you can only use parlay insurance once per bet. If you place multiple parlay bets, you may be able to opt for parlay insurance for each individual bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Is_Parlay_insurance_a_guaranteed_win_on_DraftKings\"><\/span>6. Is Parlay insurance a guaranteed win on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile Parlay insurance can help mitigate losses if one leg of your parlay bet loses, it does not guarantee a win. It&#8217;s still important to make informed betting decisions and consider the risks involved.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_How_do_I_know_if_my_parlay_bet_qualifies_for_Parlay_insurance_on_DraftKings\"><\/span>7. How do I know if my parlay bet qualifies for Parlay insurance on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDraftKings will usually specify which bets are eligible for parlay insurance in the promotion details. Make sure to read the terms and conditions before placing your bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_cash_out_my_parlay_bet_if_I_have_Parlay_insurance_on_DraftKings\"><\/span>8. Can I cash out my parlay bet if I have Parlay insurance on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you opt for parlay insurance on DraftKings, you may still be able to cash out your bet before all legs have been settled. However, the terms of cashing out may vary, so it&#8217;s essential to check the specific details.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_How_can_I_opt_for_Parlay_insurance_on_DraftKings\"><\/span>9. How can I opt for Parlay insurance on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhen placing a parlay bet on DraftKings, look for the option to add parlay insurance before confirming your bet. Make sure to read the terms and conditions before finalizing your wager.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_remove_Parlay_insurance_after_placing_my_bet_on_DraftKings\"><\/span>10. Can I remove Parlay insurance after placing my bet on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOnce you have confirmed your parlay bet with Parlay insurance on DraftKings, you typically cannot remove or change this option. It&#8217;s essential to review your bet carefully before finalizing it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_What_happens_if_all_legs_of_my_parlay_bet_win_with_Parlay_insurance_on_DraftKings\"><\/span>11. What happens if all legs of my parlay bet win with Parlay insurance on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf all legs of your parlay bet win with Parlay insurance on DraftKings, you will receive the full payout as per the odds of your bet. The parlay insurance only applies if one leg loses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Is_Parlay_insurance_worth_it_on_DraftKings\"><\/span>12. Is Parlay insurance worth it on DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhether Parlay insurance is worth it depends on your betting strategy and risk tolerance. If you frequently place parlay bets with multiple legs, parlay insurance can provide added protection against potential losses. It&#8217;s essential to consider your options and make informed decisions based on your betting preferences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parlay insurance on DraftKings is a feature that allows bettors to receive their stake back if only one leg of their parlay bet loses. Parlay bets can be a lucrative way to increase your winnings by combining multiple individual bets into one wager. However, the risk is that if just one of the legs of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is Parlay insurance DraftKings?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-is-parlay-insurance-draftkings\/#more-120470\">Read more<span class=\"screen-reader-text\">What is Parlay insurance DraftKings?<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-120470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Parlay insurance DraftKings?<\/title>\n<meta name=\"description\" content=\"Parlay insurance on DraftKings is a feature that allows bettors to receive their stake back if only one leg of their parlay bet loses. 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