Fanduel Parlay Protection Tutorial: A Step-by-Step Guide on Using Parlay Insurance

Hey Buddy! March 17, 2025 Feeling bummed out because one leg of your parlay ruined your chances of a big payday? Fret not, my friend! Some sportsbooks, like FanDuel, offer contingency plans — ** PARLAY INSURANCE**. With this nifty feature, if your multi-leg bet loses by just one leg, you'll receive a partial refund, helping you recover some of those hard-earned bucks.

Parlay insurance is a lifesaver for risk-takers, as it reduces the sting of lost bets by covering a portion of your losses when your parlay goes south. The amount you get back varies between sportsbooks, but most sites usually return up to $25 for a lost parlay bet.

In this guide, we're diving deep into the world of FanDuel parlay insurance, teaching you tonavigate this bonus and make the most of your bets!

What's FanDuel Parlay Insurance all about?

Parlays are adrenaline-pumping bets with enormous potential payouts, but there's always the risk that one leg can derail the whole operation. To ease this risk slightly, sportsbooks offer PARLAY INSURANCE to entice more punters to make parlays. With this bonus, if your parlay wager loses by just one leg, you'll receive a refund!

For example, suppose you decide to go ahead with a five-leg parlay on FanDuel and utilize their multi-sport parlay insurance promo. If one of those legs falters, then you'll be rewarded with a refund worth a maximum of $25.

Though it might not seem like much, it's a great way to feel more comfortable placing parlays, especially since these wagers usually come with colossal odds and sky-high payouts. The good news is that you don't need to bet huge sums to win big with insurance protection in place.

FanDuel Sportsbook — Bet $5, Get $200 in Bonus Bets — is ready to welcome you with open arms! Just head over to their site, create an account, deposit some funds, and browse their deliciously diverse betting offerings.

Let's Test the Waters with a FanDuel Parlay Insurance Example

Want to wrap your head around how FanDuel parlay insurance works? In this example, we'll create a Same Game Parlay (SGP) on an NFL game between the Kansas City Chiefs and the Pittsburgh Steelers, with the following picks:

Chiefs to win by more than 2.5 points (spread)
Total points in the 1st quarter to exceed 7.5
Travis Kelce as the first touchdown scorer

To win $218.11 with a $10 wager, we'll go for this SGP as parlay insurance is offered for this match, promising a full refund if one leg doesn't come in — similar to the insurance promos you'll find on FanDuel on a regular basis.

Let's say the first two legs hit, but Patrick Mahomes, not Travis Kelce, scores the first touchdown. Since only one leg lost, we can cash in the parlay insurance and receive bonus bets to use at a later date.

What Sports Earn the Love of FanDuel Parlay Insurance?

FanDuel is one of the top dogs in the sports betting world, particularly when it comes to parlays. They were pioneers in the same game parlay domain and offer a wide range of options. Nonetheless, not every sport qualifies for parlay insurance. As expected, most insurance promotions are available for all the major sports, such as football, basketball, baseball, and soccer. However, some insurance promos can be used on any parlay bet.

When it comes to SGP parlay insurance, the choices are fewer, as there are limited sports to bet on. But fear not, as FanDuel targets SGP insurance promotions to encourage customers towards the game game parlay, offering plenty of opportunities to seize the day!

Same Game Parlay Insurance on FanDuel

FanDuel is the number-one spot for SGPs, but the eligible sports within a single match are limited and consist of:

Football
Basketball
Hockey
Soccer
Baseball

Naturally, SGP FanDuel insurance is only available for these sports, but with their popularity in the US, you'll find plenty of insurance promotions to help you cash in! SGP parlay insurance works in exactly the same way as traditional parlay insurance.

How to Master the Game with FanDuel Parlay Insurance

Step 1: Create a FanDuel account: To ensure you're a part of the parlay insurance action, sign up for a FanDuel account on their website, complete the registration process, and fill in the requested details like name, email, D.O.B, address, and social security number.

Step 2: Fund your Account: Once your account is activated, deposit some funds into it using one of the numerous available banking options, such as bank transfer, PayPal, or Apple Pay.

Step 3: Opt for Parlay Insurance: Navigate to the promotions page and scope out the available parlay offers. Ensure you understand the sports eligibility and other terms and conditions attached to each offer before diving in.

Step 4: Place Your Parlay Wager: After thoroughly reviewing the details, select the game you wish to bet on, ensure the number of legs meets the minimum requirements of the insurance offer, and watch the action unfold!

FanDuel Insurance Promos are a Must-grab

Put your trust in FanDuel sportsbook, as they're the cream of the crop in the US sports betting scene, offering generous parlay insurance promotions on a regular basis. Keep an eye out for weekly parlay promotions, especially during the NFL, NBA, and NHL seasons. Additionally, don't miss out on insurance promotions tied to big events like the Super Bowl or Stanley Cup!

Paul Ricci, our resident sports writer, is an experienced pundit with an impressive track record covering high-profile events, such as the Super Bowl and Soccer World Cup. With years in the sports betting industry under his belt, Paul's writing reflects his profound understanding of the best bet types for different sports and offers expert guidance on maximizing betting experiences on any platform!

One failed leg in your parlay bet could ruin a potentially large payout, but with FanDuel's Parlay Insurance, you can recoup some of your losses when your parlay goes south.
Parlay Insurance is a great feature offered by some sportsbooks like FanDuel, which refunds a portion of your bets when your multi-leg bet loses by just one leg.
To navigate this bonus and make the most of your bets, visit FanDuel Sportsbook, register, deposit funds, and explore their diverse betting options.
Parlay bets are adrenaline-pumping wagers with colossal odds and sky-high payouts, but they come with the risk of one leg derailing the entire operation.
FanDuel Sportsbook offers Parlay Insurance to entice more punters to make parlays, allowing you to receive a refund if your parlay wager loses by just one leg.
In basketball, football, soccer, baseball, hockey, or even in a Same Game Parlay (SGP) on an NFL game, take advantage of FanDuel's insurance protection to feel more comfortable placing parlays with reduced risk.
To capitalize on FanDuel's insurance promotions, create an account, deposit funds, navigate to the promotions page, and choose the game you wish to bet on with a selected parlay offer, ensuring you meet the promotion's eligibility and terms and conditions.