Parlay Calculator Quickly Work Out Your Payout

The sportsbooks in Asia may also quote Hong Kong, Indonesian, and Marlay odds. A seven team parlay has a 1.1% percent chance of winning and is equivalent to +9142 American odds and 92.42 in decimal odds. A six team parlay has a 2.1% percent chance of winning and is equivalent to +4741 in American odds and 48.41 in decimal odds. In order for the parlay bet to win, every one of the wagers must win or push (tie).

A parlay is a bet that combines multiple selections into a single wager that has a payout only when all selections win. Our parlay odds calculator supports moneyline odds, decimal odds and fraction odds. With our bet calculator, you can enter odds for up to 20 bets to see the potential payout along with the combined odds and implied probability that your bet is successful. This works for all sports, including football, basketball, baseball, soccer, hockey, golf, tennis and more. A parlay is a bet that combines multiple selections into a single wager that has a payout only when all parts win.

Prop betting is a wager based on the occurrences and non-occurrences of an event. These incidents may not pertain to the event’s outcome, unlike points spread, futures or totals. Money line bets are the most common, however you can also include point spreads, totals, props, etc. A “push” or tie, means that your bet will not cause your parlay to be graded as a loss. Instead that leg of the parlay will basically be ignored when calculating the payout of your parlay. AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily.

Expected Winnings

Unless otherwise noted, promotions apply for new customers only. All listed promotions indicate the maximum possible bonus amount. Betting.us does not fulfill nor provide customer support for any promotions that appear on this website. Conversely, an under bet means you think there will be fewer goals or points than the total listed.

You can place parlays on totals, or spreads, or even futures or prop bets. You can also make multiple selections and create various different parlays within that group of selections. A parlay bet allows you to roll multiple selections into a single wager in order to generate a larger potential payout. Each selection must win in order for your bet to pay out, but you will earn a significantly larger profit if you can secure a successful parlay. You could divide your bankroll into four and place individual bets on each team covering the spread. A parlay calculator is designed to figure out the total payout for multi-leg bets, combining the odds of each leg to show your potential return.

To place a second half bet, choose the kind of bet, pick the team(s), and place your wager. A three-team with a $100 bet will get you an estimated payout of $900. Parlay payments depend on the amount of legs and the odds of each individual leg.

Sports Parlay Calculator

For instance, if a team has odds of +200, a successful $100 bet would yield a $200 profit. On the other hand, if the odds are -200, the bettor would need to stake $200 to win $100. When you are considering a parlay bet, the parlay calculator shows you the amount of the potential payout determined by the number of bets and the value of each bet. The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk. If one of the bets in your parlay loses, your entire parlay bet is graded as a losing wager. For a parlay bet to win, all of the single bets, or legs, inside of your parlay must settle as winners.

How to Calculate Parlay Odds and Payout

Most of the time, a canceled game will be removed from the parlay. For example, your bet may go from a four-team parlay to a three-team parlay. The sportsbook will have rules around this scenario and the fair odds you will get in the event of a canceled game. If any wagers in the parlay push (tie), the parlay is generally adjusted to reflect the lower number of wagers, adjusting the odds and potential winnings down appropriately. A Kelly Criterion sports betting calculator can be used to manage your sports betting bankroll and determine optimal bet sizing.

Whether you’re a seasoned bettor or just starting out, our intuitive calculator simplifies the complexities of parlay betting. Input your selections, adjust your wager, and instantly compute potential payouts. A parlay wager is a single bet that combines two or more individual bets. To win a parlay, all the bets within it, known as “legs,” must win. While parlays are riskier than single bets, they offer significantly higher payouts because of the multiplied odds.

A 4 team parlay payout will return more than a 3 team parlay payout due to a lower win probability (7.5% vs. 14.4%). Using standard -110 odds on each leg of the parlay, a fair four team parlay payout is 13.28 times whatever your wager amount was. A 3 team parlay payout will return more than a 2 team parlay payout due to a lower win probability (14.4% vs. 27.4%).

Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. In gambling terms, “parlay” means to bet on at least two events, letting the winnings ride after each win. Usually you lose, but when you win, and depending in part on how many events were parlayed, you can win big.

Rather than making numerous calculations to understand a bet, one can use these calculators and converters at once. If one of the teams has a negative odd and the opposition team has a positive odd, the negative one is the favorite while the positive one is the underdog. Examples are Arbitrage, Fair play, Half Point, Kelley, Streak, and Parlay calculators.

It is used to wager on an event, series, or award that will finish in the future. A bet could push if you bet on a point spread or total that hit exactly. For example, if the New York Knicks were +8 against the Los Angeles Lakers and lost by exactly 8 points, that would be a push. Mathematically correct strategies and information for casino games like blackjack, craps, roulette and hundreds of others that can be played. Let’s say you combine those odds into a parlay, you can do this by multiplying all the Decimal Odds. All listed promotions are subject to the terms and conditions of their respective operators.

• They are often used by sports bettors to get a higher payout with a relatively small initial stake or investment in the sports bet.
• This helps in identifying the rewards and risk ratio before placing a bet.
• It can also be a great way to gain more value when betting on a few favorites, and it is a very useful weapon in the sports bettor’s arsenal.
• These are normally gained from ongoing bonuses and promos for existing users.
• Money line bets are the most common, however you can also include point spreads, totals, props, etc.
• Combines bets on which teams will win outright, regardless of the score.

Past performances do not guarantee success in the future and betting odds fluctuate from one minute to the next. The material contained on this site is intended to inform, entertain and educate the reader and in no way represents an inducement to gamble legally or illegally. It is the sole responsibility of the user to act in accordance with their local laws. Calculate your potential winnings by utilizing one of our free sports betting calculators. Each of these calculators will cover most wagering scenarios, online casino no verification withdrawal and we’ll guide you through which one to choose.

The calculator supports moneyline odds that are popular in the US and decimal odds for customers in Canada. Enter odds for up to 20 teams to see the potential payout and the implied probability that your bet is successful. Visit bet365.com to check out their Soccer parlay builder, remembering to enter the bet365 bonus code if joining for the first time. For experienced users, we provide a Round Robin Parlay Calculator to help with advanced combination betting.

However from time to time mistakes will be made and we will not be held liable. Please check any stats or information if you are unsure how accurate they are. No guarantees are made with regards to results or financial gain.

Parlay bets are certainly very popular amongst sports bettors due to the combined odds they provide and potential to win big compared to individual straight bets. It’s important to note that parlay betting can be risky, as all bets in the parlay must win in order for the bet to be successful. To understand how a parlay calculator works, it’s essential to first grasp the concept of American odds. In this format, odds are represented as either a positive or negative number. Positive odds indicate the profit a bettor would make on a $100 bet, while negative odds show the amount required to wager in order to win $100.