NBA Parlay Bets Online – Best Picks in 2025

NBA parlays offer a challenging yet rewarding way to engage in betting — rewards are even greater with higher risks. Get in on the action of NBA parlay betting and see why this has become a popular option online. Discover types of parlay bets and how to choose an NBA parlay betting site among others.

Top Sportsbook for NBA Parlay Betting

What is an NBA Parlay Bet?

The NBA attracts many bettors, and you will find that Colorado sportsbooks provide excellent NBA odds. Many types of bets can be placed, including NBA parlays. With these bets, you can combine two or more selections in a single wager. For these bets to win, all selections must win. Since this is often a difficult task, parlay bets are considered a high-risk, high-reward bet.

Let’s say you are planning on placing four different moneyline bets on NBA games. Instead of placing separate wagers, you can combine all four picks into a single bet, creating an NBA parlay. If you choose all four correctly, the payout will be much larger than if each bet won.

Risks & Rewards of Parlay Betting

Before you jump right into NBA parlay picks today, take time to understand the pros and cons. This type of betting has become quite appealing because it offers some big payouts. However, there is also an increased risk. We have compiled a list of the risks and rewards you can expect when choosing an NBA parlay betting site.

Risks:

• Increased risk – One wrong choice will lose the bet.
• Complexity – These bets require more research and analysis.
• Low Probability – The odds of winning parlay bets become lower with every leg added.

Rewards:

• High Payouts – Parlay bets have longer odds, resulting in larger returns.
• Flexibility – You can create a parlay NBA bet with moneylines, over/under, spreads, props, and more.
• More Entertainment – Being able to bet on multiple games using a single bet provides enhanced entertainment.

3 Best Parlay Betting Apps

Since many bettors from Colorado are using mobile devices to place sports bets, we have reviewed leading apps that feature parlay betting. The apps that we detail below have exciting options and provide various tools, including free NBA parlay picks and same-game parlays.

We have tested the parlay betting apps and have come up with the three best options. These apps are known to have the best parlay bonuses, bet builders, and odds in Colorado. If you want to place the safest NBA parlays at sportsbooks that are known for competitive odds, be sure to check out our recommended apps.

FanDuel

At FanDuel, there are many ways to bet on NBA games from Colorado. Whether you want to support the Nuggets or another team, you will find great betting odds and bet types. FanDuel has NBA parlays as well as NBA same-game parlays, where you can enjoy large payouts from combined bets.

As a registered user, a $200 bonus is within reach if you bet $5. You can also take advantage of NBA parlay predictions that can help when selecting parlay options. We also found a useful NBA betting parlay guide that covers all the basics of parlay betting if you are new to these types of wagers.  

DraftKings

DraftKings may be known for daily fantasy sports, but when it comes to NBA parlay bets, the site does excel. We found boosts, pre-made parlay bets, and insurance offers while visiting this betting app in Colorado. As a new user, you can bet $5 and get a $150 bonus to get started.

One thing that makes DraftKings a good choice for NBA parlays is the offering of parlay boosts. Some of these can be as high as 100%. The site also provides insurance promos that can help offset any of your losses.

BetMGM

BetMGM has become a leading sportsbook in Colorado and with the betting app, you will find amazing parlay options. BetMGM has a sign-up bonus where you can earn $150 if your first bet (worth $10) wins. The bonus money can then be used to place bets on NBA parlays.

At BetMGM, you will frequently find a 10% profit boost which can help increase payouts. We also found that this betting app has some of the best NBA parlay odds. There is also a Bet Builder that helps you quickly make the best NBA parlay picks.

How to Pick the Best NBA Parlay Bets

If you want to learn how to win NBA parlays and place successful bets, we offer some useful tips. Our experts have been betting online for many years and have the best tips and tricks. With these, you will improve your chances of winning.

We offer information on how to choose NBA parlays so you know exactly what to look for. While there is no guarantee of making a profit using these strategies, they do help minimize risk while improving your chances of placing successful bets.

Team’s Performance & Track Record

No matter what type of NBA parlay wager you are placing, you will have to learn statistics. Knowing a team’s track record and recent performance will help you make educated decisions. Check past game scores and player stats.

For example, find out how many of the last 5 games the Nuggets have won or what Jokic’s shooting percentage was for the last game. The best NBA betting sites will offer up-to-date stats and team information.

Historical Data & Odds

Historical data can provide tons of information that can help when betting on NBA parlays. This can be any information about the past stats and outcomes of any sports team.

Such data can help with identifying trends, comparing teams and players, and understanding individual player performance. You should also take time to look at past odds. These can reveal trends and allow you to spot patterns.

Rosters & Injuries

Not every starting player will start every game and they will not play every minute. Even star players like Jokic will only be on the court for part of the game. Knowing the roster for the upcoming game will be beneficial.

This will let you know who is starting and who is on the bench for subs. It is just as important to get the latest news about any injuries to players.

Court Advantage

Home-court advantage is an important thing when it comes to NBA picks and parlay bets. Statistically, NBA teams win more than 60% of their home games each season. Teams often perform better in familiar environments and in front of local fans.

In some cases, home games can also result in referee bias, which can have an impact on NBA lines. Teams that are playing on the road often encounter back-to-back games. In these cases, players tire quickly, providing an advantage to the home team.

Types of Parlay Bets on the NBA

Online sports betting has grown in popularity and with this has come new types of bets. Many bettors have shown an interest in parlay bets as they can offer more profit. While standard parlays are not new to the industry, the various bets that can be placed on the same slip have changed.

Here, we take a look at the types of parlay bets you can place at Colorado sportsbooks.

Moneyline Parlays

Moneyline parlays are popular with NBA games and these bets are built by choosing outright winners for various games. For example, let’s say the Nuggets have odds of 2.5, the Lakers have odds of 1.9 and the Pistons have odds of 1.55.

The total odds for these NBA moneyline parlay picks would be 7.363. If you bet $100 and all three legs win, this NBA parlay wager would receive a profit of $736.3.

Over/Under Parlays

With an over/under NBA parlay pick, you are betting on whether the final score of a game will be higher or lower than the projected amount at the sportsbook. This bet has nothing to do with who will win the game. It is solely based on the number of points that are scored in total.

Just like with the moneyline parlay, the odds of the selections will be added together when the bet is placed. This is why it is important to shop for the best odds online. If Oklahoma City, the Knicks, and the Celtics all have over/under odds of 1.9, the total would be 6.859. A $100 stake with these options would yield a payout of $685.90.

Point Spread Parlays

The process of betting on point-spread parlays remains the same. You will check the odds for different games and compare the spreads. You will have to choose two or more teams that will cover the spread.

Alternatively, you can choose NBA parlay picks against the spread. Point spread betting is a popular choice with NBA fans, so these parlays create an opportunity to make large profits while enjoying spread betting.

Same Game Parlays

Same-game parlays are one of the most exciting types of bets to place. With NBA same-game parlay picks today, you can combine different types of bets on the same game. This means you can place a moneyline, totals, props, and spread bet all on a team in one game.

Denver Nuggets fans could choose for the Nuggets to win outright and for Jokic to score over 20 points. Same game parlay NBA bets continue to be a popular choice, offering bigger payouts. We found that the NBA Betting sites in Colorado offer profit boosts for most same game parlays.

Placing Your NBA Parlay Wagers in 1-2-3

Placing a bet at parlay betting sites is simple. After you have registered for an account, you will head to the NBA section. Here, you can see all available bets and associated odds for games and individual teams. To place your parlay bet, just follow these steps:

1. Select two or more bets to combine.
2. Review the odds for all legs of the bet and use an NBA parlay calculator to determine payouts.
3. Add each bet to the slip, choose a bet amount, and confirm the selection.

How to Calculate NBA Parlay Odds

When placing NBA parlay bets online, it is important to know how to calculate payouts using the provided odds. This is not as difficult as you may think. However, many of the best NBA parlay betting sites in Colorado offer a free calculator, which will help you quickly determine possible returns.

If you want to calculate things manually, there are just two steps.

1. Multiply the odds of all bets in the parlay.
2. Multiply that result by the amount of your bet.

Let’s look at a two-leg parlay with odds of +150 and -110. If you are placing a $100 bet, you would first convert odds to a decimal format. The +150 would become 2.50 and the -110 would be 1.91. You then multiply these two numbers to get 4.775. Now, multiply that by your $100 bet amount. The possible profit on this parlay bet is $477.50.

NBA Parlay Promotions

When you choose an online betting site to place parlay bets, you will find various promotions that can enhance your betting experience. The NBA parlay betting sportsbooks in Colorado all offer attractive sign-up offers. When you create a new member account, you can redeem the latest welcome bonus. In most cases, this will require making a deposit and placing an initial bet.

Aside from welcome offers, each site will have special parlay promotions that can be used when betting. Take a look at the options we have found while testing sites.

Parlay Betting Bonus

Parlay betting bonuses can vary per site, but you will always find some great deals available. One of the offers frequently found when placing an NBA picks parlay is a profit boost.

A profit boost is an increase in the amount of the payout earned from the parlay. Some sites will present a small boost of around 1% when placing three-leg parlays, but you can get much more when placing more legs.

Parlay Insurance Bonus

One of the great bonuses you can find at leading betting sites is Parlay Insurance. With this type of bonus, the site will refund your stake amount if just one leg loses from the bet.

For example, if you bet that the Nuggets, Pistons, and Cavs will win the next game and the Pistons lose, the site will refund your bet amount. The amount refunded is credited to the account in bonus bets, which can only be used to place additional wagers.

Early Payout

You may find the opportunity to take an early payout on a parlay bet. With this, you can take a payout early on certain parlay bets if the backed team takes a specific lead during a game.

With these deals, even if the other teams catch up or win the game, the bet will win. This is a great bonus to use if you are unsure about the outcome of a parlay. This eliminates last-minute comebacks or twists in a game.

Cash-Out Option

A cash-out option may also be presented on some parlay bets that have been placed. This is a great way to minimize losses or secure wins. With cash-out, you can choose to take a payout before the game or games come to an end.

While the payout will be for a smaller amount, it allows you to protect profits and lower the risk of losing. With NBA games, anything can happen and the fast pace of the game can lead to injuries, which can alter the outcome. If a team is performing well and you want to benefit from the current odds and secure a win, a cash-out option is a great choice.

Top Tips for Smarter NBA Parlay Picks

We want you to have a successful experience when placing NBA parlay bets. While we cannot guarantee any bet will win, we can offer some tips that can improve your chances. Our experts have been placing parlay bets for years and know exactly what is needed for success. By using the tips we provide, you can have an enjoyable experience while gaining a slight edge. Using these strategies will make you a smarter bettor.

• Choose fewer legs
• Research teams and players
• Compare NBA bet types
• Have a budget for your bankroll
• Shop around for the best odds

Keep Your Parlays Small

One way to make sure you place the most successful NBA parlay bets is to limit legs. We recommend betting between 2 and 4 legs with each parlay. By adding legs, you increase the risk of losing.

Parlay bets are hard enough to win without adding more legs, so stick to smaller parlays to benefit. Fewer legs mean lower odds as well, so you have better chances of success.

Do Research & Analysis

Always perform research. Placing a blind bet is one of the fastest ways to lose money. Take time to research the teams or players in your parlay bet and get the latest news and stats. You want to be well-informed so you can make the best decisions.

Keep track of team trends and know how teams perform against each other. Gathering as much information as possible will help you place bets that can yield payouts.

Consider Bet Types Carefully

Since you can place parlay bets based on moneylines, spreads, and totals, it is important to know how each of these works. Leading betting sites will have tutorials that tell you exactly how each of these bets works and how to place them.

When choosing your NBA parlay today, check the latest odds for each type of bet. Taking time to learn about NBA bets will help you choose the best parlay. Many beginners start with moneylines as these are the easiest bets to understand.

Proper Bankroll Management

Bankroll management is the key to success when betting online. Before you make any parlay picks NBA, be sure to have a set budget. Always set aside an amount that is just for betting and make sure you can afford to lose this.

Practicing responsible gambling by managing your bankroll not only enhances the experience but helps to reduce the chances of problem gambling. We suggest placing flat bets, which means that the amount of all bets will be the same. This helps you maintain a bankroll and you will know exactly how many bets can be placed.

Shop for the Best Parlay Odds

Each online sportsbook in Colorado will have different parlay odds. This is why it is important to shop around for the best odds. You want to make the most money from a parlay bet, so finding sites that have competitive odds will be beneficial.

We suggest creating an account with multiple sportsbooks so you can benefit from the differences in odds. Here, we take a look at a parlay bet and the moneyline odds at different sportsbooks.

Team	DraftKings Odds	FanDuel Odds	BetMGM Odds
Hornets	+180	+176	+180
Pistons	+170	+166	+170
Nets	+180	+176	+180

NBA Parlay Bets FAQs

What is a parlay bet in basketball?

With NBA betting, a parlay is a bet that contains two or more individual bets combined into one wager. Parlay bets allow you to benefit from better odds and higher payouts, but they do come with a higher risk.

Do I have to win all games in a parlay bet?

Yes. When you place a parlay bet, all of your selected legs must win. If one loses, the bet will be considered a loss.

What is the best NBA parlay bet?

The best NBA parlay bet would be moneylines. This is because it is the simplest form of an NBA bet and is very easy to understand. However, moneyline bets often have smaller payouts.

How many NBA legs should I parlay?

We recommend parlaying between 2 and 4 legs. This offers you a good mix of risk and return without dealing with increased odds. The more legs you add, the harder it is to win the bet.

What happens if one leg pushes in a parlay?

When one of the legs results in a push, it will be removed from the parlay and the odds and payouts will be recalculated. For example, if you have bet on four teams to win outright and one ends in a tie, that selection is removed, leaving you with three legs instead of four.