Massachusetts sports betting is legal, and with it, sports fans in the state have access to plenty of betting options.
Lots of bettors dream of hitting big parlay bets and a select few every year do have that dream come true. If anything, same-game parlays have helped increase that trend. NFL parlays, NBA parlays, and others all have the appeal of putting very little money in to potentially win a lot.
Sometimes, the return on an SGP can feel as rewarding as one of the Massachusetts sports betting promos.
Despite the difficulty of winning, parlays are very popular in states where sports betting is already legal. In New Jersey, for example, 55.1% of the house’s profit is from parlays.
This page will provide information on what same-game parlays are and what Massachusetts sportsbooks will offer them when the industry launches.
Which Massachusetts Sportsbooks Offer Same Game Parlays?
So what exactly is a same game parlay?
Quite simply, the “same game” parlay, also known as an SGP, is when you combine multiple bets from a single game onto a single ticket. The more bets you add to the ticket, the higher your MA sports betting odds (and payout) will be.
Same-game parlays are particularly popular for NFL and NBA games because of the variety of bets those sports offer.
Here are some of the main Massachusetts sportsbooks you can expect to offer SGPs when MA sports betting launches:
DraftKings Sportsbook MA
DraftKings Massachusetts features same game parlays that allow you to bet on NFL, NBA, MLB, NHL, MMA, soccer, college football, and college basketball games. As for cashing out, this feature is available for pre-game, live, future, and parlay bets on selected bets.
With same game parlay betting, you can get more access to team and player props, plus have more flexibility when altering lines such as a point spread or an Over/Under.
A feature called Same Game Parlay Extra (SGPx) allows you to combine multiple single bets and SGPs into one SGPx. Regardless of how many legs are included, an SGP bet is treated as a single pick in a parlay or round robin combination.
FanDuel Sportsbook MA
Easily one of the most popular sportsbooks out there, FanDuel’s same game parlays are a popular choice among bettors. Through the FanDuel Massachusetts app, bettors have three different options:
- Same Game Parlay: Build your own SGP by combining two or more bets from a single game.
- Popular Same Game Parlay: You can select prebuilt and trending SGP from other bettors.
- Same Game Parlay +: A feature where you build your own SGP+ by combining your SGP with bets from other games.
BetMGM Sportsbook MA
BetMGM Massachusetts has offered insurance on certain parlays in the past — say if your parlay of five or more legs loses by a single leg. Currently, it features insurance for the 2022 NFL and EPL seasons.
BetMGM online sportsbook tends to offer same-game parlays exclusively for NFL and NBA games.
Caesars Sportsbook MA
Caesars Sportsbook Massachusetts’ same game parlay bet may contain up to 10 legs, but it doesn’t support wagers with more than 10 legs. In addition, a bet must be placed from a single game and wagers can’t be combined across multiple games.
BetRivers Sportsbook MA
BetRivers Massachusetts Sportsbook offers a “Buy Out” option, which allows you to cash your bet out early to secure part of your winnings or cut your losses. Many other sportsbooks will only let you do up to 10 legs for a single game parlay, but BetRivers may go as high as 12.
PointsBet Sportsbook MA
PointsBet Massachusetts’ SGPs are available on all AFL, NRL, NBA, NFL, NCAAB, and MLB games with more league options on the way. It allows up to 20 legs in a Live Same Game Parlay bet.
In addition, PointsBet also offers daily SGP boosts to increase your profits.
It’s important to note that tokens reset every 24 hours and daily boosters don’t roll over.
Expected Value and Risks in Parlay Betting
It’s no secret that parlays are riskier compared to a regular bet because you have to get every leg of the bet right to win anything.
Let’s say you have a four-leg parlay for $20, and it goes 3-1. Since it’s a parlay, you lose your $20 and win nothing. If you’d instead placed those four bets individually at $5 each, assuming -110 odds and another record of 3-1, you’d be looking at $8.65 in profit.
Also, the potential payout in relation to the true odds decreases as you add more legs. For example, with a three-leg parlay, it is typically about a 6/1 payout with 7/1 true odds.
However, for a 10-leg parlay, you get paid about 720/1 compared to the true odds being around 1,023/1. You are losing about 30% of the value here compared to less than half of that on a three-leg parlay.
What’s the Optimal Number of Legs for a Same Game Parlay?
The trick with this question is that some bettors may measure the risk versus reward differently. The bigger parlays can have huge payouts, but you are more likely to win a smaller one.
Using -110 odds for each leg as the standard example, let’s break it down.
2-4 Leg Parlays
These offer the most genuine value compared to larger parlays. But, this is especially true for the two- and three-leg parlay bets because they tend to lose less than 15% of their value from the vig compared to 25% to 30% from higher bets. Not to mention, these types of bets are much easier to win because you have fewer opportunities to be wrong.
5-8 Leg Parlays
The thing is, once you hit four legs, the vig starts to increase to over 25% on typical parlays compared to the true value. Parlays in this range are not far off from four, though. Plus, going from, say, a four-leg to a five-leg parlay can double your typical payout — as long as you don’t end up 4-1 on your picks and kicking yourself for adding that extra leg.
8+ Leg Parlays
While the benefits are the same as the above section, this asks a lot because it requires you to go 8-0 or better when it comes to picking bets. With the average odds starting at 180-1 for eight legs and going up to 720-1 for 10 legs, the percentage chance of winning this bet is almost certainly not worth it. However, it can be like winning the jackpot when you hit one of these. Bettors have, for instance, won over $1 million on a 15-leg parlay.
What Are Profit Boosts?
Profit boosts are offered by sportsbooks to boost your profit if your bet ultimately wins. It typically requires you to opt in to receive the token, but it’s essentially another way sportsbooks provide you free money through their bonuses and promotions.
For example, you would win $150 on a bet that would normally win $100 if a sportsbook offers 50% more winnings.
Can I Cash Same Game Parlays Out Early?
It depends on the sportsbook. Many may allow you to do so, but it often depends on the situation.
Not every same game parlay that is placed is eligible for cash out, so check to see if your sportsbook has that feature. If it does, it allows you to secure part of your winnings or cut your losses, which can be beneficial to bettors as well as sportsbooks.
Same Game Parlays FAQs
What is a same game parlay?
A same game parlay is exactly what it sounds like: You combine multiple bets from a single game onto one ticket. You have to have at least two legs for a same game parlay, and some sportsbooks let you have as many as 20 legs.
What is SGPx?
SGPx, or Same Game Parlay Extra, is when you combine multiple same game parlay bets into one overall bet. Essentially, SGPx happens when you turn your parlays into a parlay of their own. DraftKings offers SGPx, and FanDuel offers SGP+, which is the same thing.
What is SGP in betting?
SGP is short for Same Game Parlay. An SGP is when a bettor combines multiple bets from one game into one overall parlay bet. For example: A bettor could bet on the amount of runs the Boston Red Sox will score, how many innings their starting pitcher will last, and how many home runs a certain player will hit to form an SGP.
How do you do a same game parlay in DraftKings?
Find any game with a +SGP label in the corner. These are the games eligible for a same game parlay. Then, toggle “Same Game Parlay” on, pick your bets, and combine your legs to form your SGP. DraftKings also offers SGPx if you want to combine multiple SGPs.
How do you do a same game parlay in FanDuel?
Find the “Same Game Parlay” tab in the FanDuel app or on the sportsbook’s website. Then, simply select the game you want to bet one, pick your legs, and assemble your SGP. FanDuel also offers SGPx if you want to combine multiple SGPs.