Tennis parlay betting can be fun because of the myriad of options you have at your disposal. You can combine outright winners from several matches or go with a bunch of props in the same game in your search for a higher payout. Parlays are awesome because you risk less of your funds for higher payouts.
At the same time, it’s important to remember that this bet type has a lower probability than a straight wager, so be mindful when allocating risk on parlays. In this article, you’ll find a breakdown of tennis parlay betting, featuring an explanation of how it works as well as suggestions for sportsbooks among much more.
How Tennis Parlay Betting Works
Tennis parlay betting is when you combine two or more bet types for a higher payout. You need to hit each selection in order to win the bet. The amount that you can win varies, depending on the odds of each wager and the number of legs within the parlay.
You can make selections from multiple matches in your parlay. For example, I could combine Rafael Nadal -300, Novak Djokovic -250, and Carlos Alcaraz -200 to win their match. Since each of these has low odds, the payout would reflect that, as the parlay would get me +180, or $180 on a $100 bet.
On the other hand, if I took three underdogs, like Casper Ruud +150, Dominic Thiem +200, and Daniil Medvedev +250, that would get me more potential winnings, paying +2525, or $2,525 on a $100 bet. This is because this parlay has a lower probability of hitting.
You are also able to combine selections from one match, which is referred to as a Same Game Parlay. This is fun because you can put together a few player props mixed with a total and moneyline and it would be settled right after the match, as opposed to waiting for more than one game to finish. You can correlate your choices so that you have a greater chance of winning.
For example, I could take Ons Jabeur -200 to win, Over 3.5 Breaks of Serve, and Under 21.5 Games for a +200 payout. Each of these are correlated outcomes because Jabeur is a heavy favorite, meaning that if she wins it’s likely that it’s in fewer games. It’s also likely that she’ll break her opponent’s serve in this scenario as well.
Keep in mind that some sites have lower odds for outcomes with stronger correlations, which reduces your potential payout. It’s also possible that the sportsbook won’t allow some selections to be combined, making it important to find a site that permits you to create larger Same Game Parlays.
Best Tennis Parlay Betting Sites
bet365 Sportsbook is one of the most popular sportsbooks in the industry, renowned for its robust selection of betting markets, user-friendly interface, and terrific customer support.
It’s great for tennis because it allows you to create Same Game Parlays of up to 12 selections. You’re even able to cash out of the parlay early, which is great if you hit the first three legs of your four-game parlay and want to secure a profit.
The live-betting platform is also among the best in the iGaming space, providing you with opportunities to parlay in-game wagers, including props. This is a feature that you won’t find on most other platforms, helping set bet365 apart from its competitors.
FanDuel Sportsbook began as a pioneer in the daily fantasy sports space before evolving into a highly popular sportsbook. The site boasts a sleek interface that enhances the user experience along with fair betting lines and several options at your disposal.
This operator created Same Game Parlays, which has spread like wildfire throughout the industry because it’s so enjoyable to have multiple bets going within one match.
FanDuel is a leading brand where you can feel secure depositing funds into your account. There are several banking methods to make the payment process more convenient.
DraftKings Sportsbook was strictly a daily fantasy sports platform before expanding to include a sportsbook. The betting site is now one of the most successful in the industry, often one of the first to emerge in new markets.
You’ll find a lucrative welcome bonus, useful promotions, and a comprehensive selection of bet types at DraftKings. The information is presented in an organized layout, making it easily accessible to both beginners and experienced players.
There are several options available to include in your parlays, including player props and set wagers.
BetMGM Sportsbook emerged out of a partnership between casino resort giant MGM Resorts and Entain Holdings, which runs a number of iGaming operators. It has become one of the leading platforms in the industry.
The site features a detailed live-betting section that also has live-streaming on selected events. You’ll find a great new-player offer along with useful promotions at BetMGM.
You can combine bet types from different matches to create tennis parlays at the site, which makes it another good choice for wagering on this market.
Caesars Sportsbook has become a major player in the sports betting industry, especially following the purchase of popular European operator William Hill in 2021.
You can feel at ease when depositing funds into such a renowned brand. This is a site that frequently features some of the best welcome bonuses in this space. There is also an unmatched VIP Rewards system, where points can be redeemed for awesome perks like hotel accommodations and fine dining at Caesars properties.
You’ll find each of the popular bet types at Caesars, including set bets. It’s a good choice for tennis parlays because of its user-friendly experience and welcome bonus.
How To Pick the Best Tennis Parlay Betting Sites
It’s important to establish criteria to help you choose the best tennis parlay betting sites. Here are some things to look out for:
- Welcome Bonus: New player offers can help build your bankroll with bet credits. First deposit bonuses are preferred, but risk-free bets are good as well. The higher the maximum, the better the offer.
- Same Game Parlays: You want your site to give you the option to combine bet types from the same game.
- Size of Parlays: The more selections that you can put together, the higher the potential payout. You don’t want to be capped at too low of a number on your parlays.
- Cash-out Options: Having the ability to cash out of your parlay can help you secure a profit and avoid bad beats. It’s the worst feeling to lose your parlay by only one game, so this is a great feature.
- Parlay Insurance: This is a valuable promotion that gives you back bet credits if you lose your parlay by only one game. It’s nice to have this insurance available on your site.
- Bet Types: The more props available on your site, the better your experience with tennis betting. You want to have the option of wagering on player outcomes like total aces and breaks of serve.
Tennis Parlay Betting Promotions
Here are a couple of the best tennis parlay betting promotions available:
Tennis Parlay Bonus (bet365): Get a bonus of up to 70% when you bet on two or more tennis wagers in the Win Match, First Set Winner, and Set Betting markets from any ATP or WTA event. The percentage of the bonus depends on the number of selections within your parlay.
Parlay Insurance (FanDuel): Put a parlay of five or more selections, each at -200 odds or higher. If only one leg loses, you will be provided with $25 in site credit.
Best Tennis Parlay Bets
There are three ways to approach tennis parlay bets: heavy favorites, longshot underdogs, and Same Game Parlays.
Combining favorites with expensive moneylines provides you with a lower payout, but it’s a safer choice because you’re selecting multiple players who have higher implied probabilities to win a given match. These are wagers that you wouldn’t feel comfortable using as a straight bet because there’s too much juice, but you minimize that risk by parlaying them.
You can put a lower stake on longshot underdogs as you try to hit a home run for a larger payout. This is a lower probability wager, so be sure not to risk too much of your bankroll. Use the parlay with favorites as insurance to cover any losses incurred from your longshot parlasy.
The last option would be to include Same Game Parlays, where you can combine several different bet types within one match. Not only does the bet settle quickly, but it’s more enjoyable, especially if you’re watching the match. Find more information on Same Game Parlays in the section below.
Tennis Same Game Parlays
Same Game Parlays allow you to combine several selections of varying bet types from the same match. This can include the outright winner, match handicap, set winner, game totals, and much more.
It gives you the opportunity to put together correlated outcomes. For example, imagine I like Novak Djokovic at -300 to win the game. He’s a heavy favorite, so if he wins it’s likely in a lopsided result. That means I’ll include the Under 21.5 games. I’ll even add in the Over 3.5 on his total aces in the match because it’s likely that he’ll hit this if he wins handily.
However, be mindful that sometimes if your parlay has too strong of a correlation, the odds will be much lower. Play around with the bet types to see how it affects your potential winnings.
This is an enjoyable bet type that has exploded in popularity across the industry.
How to Place a Tennis Parlay Bet Online
- Click on two or more of your preferred bets
- If it’s a Same Game Parlay, you may need to click this specific section
- These wagers will be added to your Bet Slip
- This will show the moneyline odds
- Type in how much money you want to stake
- It will show your potential winnings
- Select “Bet" to place your wager
Tennis Parlay Betting Strategy
The first thing to remember with parlay betting is that this is a high-variance venture with a low win probability since you need to hit every bet in your selection in order to win. As such, you want to sprinkle your bankroll on parlays and use larger wagers on straight bets.
When choosing your parlays, start with a safer combination of heavy favorites. This can safeguard the risk that you’ll take when targeting a higher payout with a few underdogs. I would put the most money on this parlay because it has the best chance of hitting.
Next, I would take a shot on a couple of underdogs to try to hit a home run. I could even go with a greater number of selections to increase my potential profit. Be sure to put less money here because it’s even harder to win.
Lastly, I’d go with a Same Game Parlay filled with correlated outcomes, including player props, since this is the most enjoyable type of wager.
I would limit my parlays to three to five selections because once you get past this number, it becomes even more difficult to hit.
Benefits of Tennis Parlay Betting Online
There are several benefits to placing a tennis parlay bet online such as:
- Convenience: Place your bet from the comfort of your computer or mobile device
- Promotions: Take advantage of promos like Parlay Insurance, adding more value to your wager
- Bonus: Use bet credits from new-player offers instead of your personal funds
- Cash-Out: Take a profit early if you have won a portion of your parlay so far
Where Can I Legally Tennis Parlay Bet Online?
- New Hampshire
- New Jersey
- New York
- Rhode Island
- Washington D.C.
- West Virginia
Choose More Than One Tennis Parlay Betting Site
Be sure to sign up for an account at multiple betting sites so that you can take advantage of their welcome bonuses and use these bet credits to continue to build your bankroll.
Remember that these are one-time offers, so try your best to maximize each bonus.
It’s also useful because you can enjoy helpful promotions like Parlay Insurance, which is not always available at every sportsbook.
Lastly, you’re able to compare odds to find the best bang for your buck. For example, Rafael Nadal may be -3.5 in match handicap on one site, but -3 on another. That half of a game can be vital and the difference between a loss or push (tie).
You’ll be more successful as a bettor in the long run when you search for the best lines.