EDITOR’S NOTE: THIS OFFER HAS EXPIRED

The end of the NFL season usually brings the end of the best sports betting promotions of the year. However, DraftKings Sportsbook is keeping the action going into the spring with a great deal for new bettors.

Here is two examples of how withdrawals will work. Example 1: A user makes 2 deposits in the past 6 months. Deposit 1 = Visa 1 $100 & Deposit 2 = Visa 2 $100. 1.) User then Requests a $300 withdrawal 2.) Draftkings system will calculate that $200 was deposited in the last six months 3.) Draftkings system will calculate the% owed to Visa 1. Many people wonder if they have to pay taxes on their winnings. The answer is yes, your cumulative net profit is taxed, and DraftKings is contractually required to send a 1099 tax form to any player that nets of $600 in profit in a calendar year. On selected sports, Cash Out is available for pre-game, live, future and parlay bets and can be for more or less than your original wagered amount, depending on how events unfold following your bet placement. You can see if your bet is eligible for cash out when you add it to the bet slip. After placing a bet, you can Cash Out early by visiting ‘My Bets’ and selecting the yellow Cash Out button. The DraftKings betting site charges you a vig (or a percentage of your bet) of -110for each of these single-game NFL bets, which means the site will take 10% of your bet for itself. In this scenario, your two separate $10 wagers would return you $38.20 if you won both bets.

From now through the end of the NBA season, DraftKings will offer parlay insurance for parlays of five or more legs. If only one leg of the bet misses, the site will refund the bet as site credit, up to $25.

This is a great opportunity to try out one of the best legal sportsbooks in the US.

How does parlay insurance work?

If you live in a state where DraftKings Sportsbook operates, it’s really easy to sign up for an account. Follow the steps with your email, ID, and other info. You’ll also get a free $25 bet just for signing up.

Once on the site, deposit money through a bank account, credit or debit card, or other means. It can be done in-person at a partner casino as well.

How Do Draftkings Payouts Working

Give yourself some time to go over all the betting options DraftKings offers. Putting together the parlay card is simple. DraftKings shows its menu online with easy-to-read prices and figures. Each leg must be -300 or higher, so while you can take the Clippers at -240 in Cleveland, you can’t take Philadelphia at home where they’re -800 against the Bulls.

Use one bet per game for the parlay card. Combining a total and a moneyline for a single game won’t work. However, players can use games from multiple leagues and sports.

Here’s an example of a parlay card from this year:

How Do Draftkings Payouts Work In

• Over 6 goals between the Los Angeles Kings and New York Rangers (-105)
• Atlanta Hawks -4.5 on the point spread against the New York Knicks (-112)
• Ja Morant to score 18 or more against the Wizards (-115)
• Los Angeles Clippers moneyline against Cleveland Cavaliers (-240)
• Miami Heat to cover 5.5 points against the Portland Trailblazers (-110)

The total payout on this bet is +1789 (nearly 18-to-1). However, if one leg misses, a free bet up to $25 will be credited to the account.

The insurance isn’t a one-shot deal like other sites run for promos, either. Players can use this up to four times a day. Payouts come on the next business day to the accounts

Parlay insurance rules

While this is a great deal, there are some rules. This has to be a straight parlay card with five as-is bets. No teasers, no round-robins, no odds boosts, and no free bets in the mix. Attempts to cash out while the parlay is still active will nullify the chance to get the insurance.

Parlays have become increasingly popular for bettors. If you like to take some shots to build your betting bankroll, parlay insurance will help soften the blow of a few close calls.

Before all of the buzz around sports betting legalization, the primary form of sports betting in the United States came in the form of daily fantasy sports. This wildly popular form of wagering took the country by storm during football seasons past, with players able to set their lineups and hope to win the top prizes in each contest’s prize pools. But how exactly does fantasy sports betting work? With it still being a viable option for bettors, it is worth taking a look.

How Do Draftkings Payouts Workers

How does fantasy sports betting work?

Fantasy sports betting is best explained as a one-week or one-day fantasy league depending on which sport you are playing it in. Instead of a traditional fantasy league, where players are tasked with selecting a team that they have to stick with for an entire season, players can instead choose a lineup for the day. Each lineup is awarded points based on the performances of the players in it, and the highest point totals win money based on the prize pools available in each fantasy contest.

How Does Draftkings Payout

Football is the most popular sport where this game is contested, with players able to set lineups that last for an entire week of NFL action. Alternatively, they can play contests that last for a Sunday only or other time periods that are within that one-week frame. Contests in sports like basketball and baseball, meanwhile, usually last just one day with the chance for bettors to win a more immediate payout.

Success in daily fantasy sports requires an in-depth understanding of matchups and other factors that could impact player performances. Things like weather, scheduling, and how a player performs against a specific team could all become the difference between finishing in the money and finishing just outside of it.