A novel multi-line dynamically installed anchor was previously proposed by the authors to allow for the mooring of multiple floating offshore wind turbine, resulting in a significant reduction in the total number and cost of anchors required for floating wind farms. Considering the spatial variability of soil properties and the uncertainty of environmental loads, the present study performs reliability analysis and design of the multi-line dynamically installed anchor. Firstly, a strategy to repeatedly use fundamental random variables is proposed and validated for reducing the number of random variables used in Karhunen-Loève expansion in the simulation of random field of soil properties when the ratio of the soil domain dimension to the scale of fluctuation is large. Then, the efficiency, accuracy, and robustness of the RFEM (random finite element method) combined with K-MCS (Kriging model and Monte Carlo simulation) based on the proposed strategy are validated through examples of random capacity of foundations. Next, the random capacities and probabilistic VHMT failure envelopes of the multi-line dynamically installed anchor in spatially variable soil are investigated. Finally, the reliability design of multi-line dynamically installed anchors is conducted and compared with that of multi-line pile anchors, in which both the spatial variability of soil and the uncertainty of loads are condidered. The results show that the costs for multi-line dynamically installed anchors are obviously less than those of multi-line pile anchors.