ByTyler Maher

Sep 19, 2023

DraftKings College Basketball Parlay Insurance | Get $25 Refund If 1 Leg of Your CBB Parlay Loses

  • Bet $5, Get $200 in Bonus Bets

    If Your Bet Wins

    Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KS, KY, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY Call 877-8- HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ to wager. Please Gamble Responsibly. Call 1- 800-NEXT-STEP (AZ), 1-800-522-4700 (NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), 1-800-981- 0023 (PR).

    Click anywhere to close this message.

    Visit DraftKings Sportsbook|Read Review
    GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 11/23/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET

    GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).
    Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).
    21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 11/23/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET

    Click anywhere to close this message.

    • Huge Variety of US & International Markets

    • Tons of Promotions & Features

    • VIP & Rewards System

    • Very Aesthetically Pleasing

DraftKings College Basketball Parlay Insurance

Existing DraftKings customers can get a refund of up to a $25 credit bet if exactly 1 leg of their parlay loses when they make a 4+ leg parlay wager on any college basketball game occurring from 12/7-12/13.

All you need to do is , opt into the promotion, and place a pre-game paid 4+ leg parlay wager (min. -200 odds per leg) on any college basketball game taking place from 12/7-12/13. If exactly 1 leg of your bet loses, you’ll receive a credit bet up to $25!

This offer is available for existing DraftKings Sportsbook users only. Limit one qualifying bet per day during the promotional period.

How DraftKings’ College Basketball Parlay Insurance Works

Using DraftKings’ college basketball parlay insurance is easy — just follow these steps:

  1. your account at DraftKings.
  2. Opt into the promotion.
  3. Place a 4+ leg pre-game paid parlay wager (min. -200 odds per leg) on any college basketball game taking place from 12/7-12/13.
  4. One qualifying bet per user per day (bet must be placed after 5 AM ET to qualify).
  5. If exactly one leg of your bet loses, you’ll get a credit bet up to $25 after your parlay settles.

Bets placed using Same Game Parlays, live bets, credit bets, cash out bets, voided bets, and odds boosts are not eligible for this promotion.

To be eligible for this promotion, you must be an existing DraftKings user aged 21+ and present in states where DraftKings Sportsbook is operational. Be sure to read the full terms and conditions before opting into this promotion.

Other Notes About this Promotion

Looking to join DraftKings? DraftKings Sportsbook has a terrific welcome bonus for new users that matches your first deposit up to $1,000.

Read Anthony Cervino’s DraftKings Sportsbook review to learn more about this exciting welcome offer, or sign up today!

Promo TypeExisting User Promo
SportsBookDraftKings Sportsbook
How to EnterPlace 4+ Leg CBB Parlay Bet
Promo Code

Author

Tyler Maher

Tyler Maher is a Content Editor for The Game Day, where he edits and writes for the site. Prior to joining The Game Day, he was a fantasy baseball writer and social media editor for MLB.com. A graduate of Tufts University, Tyler is a die-hard Boston sports fan who can't wait for the next duck boat parade.

Subscribe to our newsletter

Follow Us on Social Media

If you or someone you know has a gambling problem and wants help, please call 1-800-GAMBLER.

21+ and present in OH. Gambling Problem? Call or text 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY).

Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI).

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).

21+ and present in most states. (18+ DC/KY/NH/WY). Eligibility restrictions apply.

All betting content on TheGameDay.com is exclusively intended for audience members 21 years and older who are permitted to gamble in legal states. The Game Day may earn revenue from site visitor referrals to betting services.

Responsible Gaming: Many sportsbooks offer ways to encourage responsible gaming, including the establishment of limits to deposits, spending, and time dedicated to betting.

The Game Day is a TGD Marketing Ltd. endeavor.

Bet $5, Get $200 in Bonus Bets

If Your Bet Wins