ParlayPlay Promo Code - Instant $5 Just for Signing Up

by Matt Schmitto (schmitto) Last Updated 2024-11-05T19:51:38

ParlayPlay is a props-based daily fantasy sports site with a socially enhanced gamified experience. By signing up at ParlayPlay, users will have the opportunity to win real money by picking two or more player props from a slate of games. And you can get started with $5, no deposit required just by signing up.

What’s better than winning cash? Sweating picks and winning in real-time with your friends and other fans from across the industry! Available in 28 states (and counting ) plus Canada, ParlayPlay’s deposit options are as simple as their game offerings, and it only takes 60 seconds to sign up! We dive into all of that and more in this in-depth ParlayPlay review.

ParlayPlay Promo Code — $5 Upon Signup

Let’s begin with the ParlayPlay promo code and sign-up offer. No promo code or deposit is required to claim the $5 signup offer. It really is the perfect way to help jumpstart your ParlayPlay account!

After all, who doesn’t love DFS bonuses? Taking advantage of such offers is always advantageous and one of the best ways to boost your DFS bankrolls. And this particular offer is a great way to familiarize yourself with ParlayPlay’s app and contest types.

What Is ParlayPlay?

You know about the promo code offer, so now it’s time to get to know ParlayPlay.

Unlike more traditional daily fantasy sports sites, ParlayPlay contests aren’t peer-to-peer. In other words, users are playing against themselves and are trying to beat the house.

This is excellent if you’re in search of an alternate DFS site and platform that will allow you to avoid the festy shark waters that are prevalent with the larger brands.

To be sure, ParlayPlay isn’t the first site or app of its kind. The popularity of this newer, less demanding style of DFS has grown and continues to grow rapidly across the industry as sports fans look for simple sweats along with realistic odds that don’t require putting in hours of extensive research and labor.

What separates ParlayPlay from its competitors is the company’s emphasis on the experience. While winning cash is always fun, the excitement grows when you’re winning and watching alongside your friends, which is exactly what you can do at ParlayPlay. The app allows you to connect with other users from across the country every night while the games are live. To top it all off is an excellent customer loyalty program, Parlay Club, that gives its members access to exclusive bonus offers and boosts alongside free gear, premium insights, and more!

Contest Types and How To Play

ParlayPlay puts forth three different types of contests, all of which require you to make predictions and picks on statistical projections, more commonly referred to as player props, for individual athletes.

These props are similar to what you find at sportsbooks. The contests are categorized as Higher/Lower, Hit It, and Free2Play. In each contest, the more accurate your predictions are the more money you can win.

At the time of writing this ParlayPlay review, the current sports offered within their contests include NFL prop picks, NBA, NHL, and UFC, as well as college basketball and college football. ParlayPlay looks to add more sports such as MLB, eSports, soccer, tennis, and PGA soon!

Higher/Lower Contests

The most popular of the three contest types, High/Lower is very similar to the kind of over/under wagers you would see at a sportsbook. Users select their players, followed by a prop category, and predict whether the selected player will go over or under the projected line.

You can combine two, three or four different Higher/Lower picks for your entry. Of course the more you pick, the more you can win. However, the payouts are also dependent on whether you want to go All-in or prefer to mitigate your risk by playing with contest Insurance. Whereas All-in requires each pick to be correct, purchasing Insurance enables you to win money even when you fall a pick short. The payouts for both options are listed below.

All-In Payouts

All picks must be correct for payout

• Four-Pick contest pay 10x entry
• Three-Pick contests pay 6x entry
• Two-Pick contests pay 3x entry

Insurance Payouts

Payouts decrease but you can still win if you go 3/4, 2/3 or 1/2

• Four-Pick: 4-for-4 correct pays 6x, 3-for-4 correct pays 1.25x entry
• Three-Pick: 3-for-3 pays 3x, 2-for-3 pays 1.25x entry
• Two-Pick: 2-for 2 pays 2x, 1-for-2 pays 0.5x entry

Hit-It Contests

Hit-It contests are a bit different from standard contests. With Hit-It contests, you select only two players from a game. Once the pair of players are chosen, ParlayPlay generates different ranges for the players’ stat totals which users you can choose. Whatever is selected is the predicted range of the athlete’s performance.

In terms of payouts, Hit-It entries involve three different possibilities:

• Pick both ranges correctly, win 6x entry
• One range correctly, win 2x entry
• At least one neighboring range, win 0.5x your entry

Free2Play

ParlayPlay also runs weekly “Free2Play” contests. These Free2Play contests don’t require entry fees but still have cash prizes for players who finish atop the weekly leaderboard.

In Which States Is ParlayPlay Legal?

ParlayPlay is available across 28 states, plus Canada, to anyone 18+ years old (with a pair of exceptions):

• Alabama (must be 19+)
• Alaska
• Arkansas
• California
• Colorado
• District of Columbia
• Florida, Georgia
• Illinois
• Kansas
• Kentucky
• Maryland
• Massachusetts (must be 21+)
• Minnesota,
• Nebraska (must be 19+)
• New Mexico
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Rhode Island
• South Carolina
• South Dakota
• Texas
• Utah
• Wisconsin
• West Virginia
• Wyoming

Banking and Deposit/Withdrawal Options

You can deposit up to $250 per day on ParlayPlay with a credit card, including Visa, Mastercard, and Discover.

Using the My Account page, you can withdraw your winnings at any time. Simply choose the amount you want to withdraw and submit the required information. After being submitted, withdrawal requests take 24 to 72 hours to process. It’s important to note that withdrawal requests must be a minimum of $30 and no more than $500 per transaction.

Overall ParlayPlay Review

Simple from start to finish, ParlayPlay is perfect for anyone looking for an effortless yet exciting daily fantasy experience. Signing up and claiming your bonus entries and deposit bonus takes only 60 seconds, and picking your contest and play is just as easy.

Claim your $5 upon signup and start playing today!

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