Free Parlay Calculator for Betting

They you will need to multiply the decimal odds together to get the overall odds for that parlay. In summary, while parlays offer the potential for high rewards and added excitement, they also come with increased risk and complexity. Bettors should approach parlay bets with a clear understanding of these pros and cons. A 2 team parlay at -110 odds translates to a +264 American odds or 3.64 Decimal odds. 2 team parlays also carry a 27.4% implied win probability, the highest amongst any parlay length.

Let’s assume that each leg of the parlay has a 50% probability of winning where the SportsBook is offering -110 odds on a traditional bet. With each leg that we add to our parlay, you can see the overall likelihood of winning the parlay goes down by 50%. See how that plays our below with the full probabilities to win from 1 bet to a 16-leg parlay.

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. The sportsbook adjusts the odds as you add each pick to the bet slip. Some sportsbooks such as FanDuel show the odds for each individual side, total, and prop, while others do not and only show the odds for the entire parlay.

In this example with two traditional -110 legs, the first wager is $100 on the 49ers +3 or under 55.5 on the spread. In this instance both bets finish at the same time so there is no real ‘first leg’ as it doesn’t matter. Because the 49ers +3 covered the spread, your $100 wager turns into $190.91.

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. Checking this box will adjust the parlay odds to account for the fact that you have pushed a given bet. This varies from book to book and what markets and events you are betting on.

Above we have outlined how a two-team bet pays out approximately 2.6-to-1. Add to that to make it a three-team wager and the pay out becomes 6-to-1. The odds will double from that point for every -110 bet added to the parlay. Because every leg needs to win, the more bets added to the parlay increases the odds, which increase very quickly after four or five teams. Parlay bets must have at least two picks but can go up to 25 legs on certain platforms. Placing a parlay is very easy on BetMGM, just click on your selections, open your betslip, add your stake then press place bet.

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Depending on your experience with the online sportsbooks, you might be hard-pressed to find the functionality you want. You can always come to our parlay payout calculator to do your estimations here. Once you have a good idea of what predictions you want to make, remember to check the odds prices of these leading sportsbooks. Parlays are very risky, so you should only bet them at your own risk.

Conversely, an under bet means you think there will be fewer goals or points than the total listed.

• Offering less favorable odds is not the only ploy sportsbooks use to increase their edge on one game parlay bets.
• It can be heart-breaking to see just one team mean the entire parlay bet loses, but those are the high stakes surrounding this type of wager.
• A same game or single game parlay is a parlay that consists of correlated bets.
• If you pick a favorite, you must enter the moneyline with a minus (-)  (-110 for example).
• Some sports betting services will lower the odds of correlated parlay bets because they know they have a higher chance of winning.

The difference between the paid odds and the true odds is how the bookmaker earns a profit. Calculating the total payout and profit for a parlay bet involves using the combined parlay odds and the bet amount. The total payout represents the full amount you’d receive if all legs of the parlay are successful, while the profit is the payout minus your initial wager. 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.

Whether you’re betting $10 or $100, it scales the numbers perfectly. A 5 team parlay payout will return more than a 4 team parlay payout due to a lower win probability (3.9% vs. 7.5%). Using standard -110 odds on each leg of the parlay, a fair five team parlay payout is 25.36 times whatever your wager amount was. 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%).

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. With a parlay bet, all individual bets must be successful for the entire parlay to pay out. Parlay calculators are particularly helpful when dealing with American odds, as they simplify the process of calculating the combined odds and potential winnings.

Consequently, like with any parlay bet you place, it is very much a high risk high reward type of wager. The apps we have listed on this page meet all of the above criteria. Additionally, these apps are easy to use and navigate around, so you won’t have any trouble finding those parlay betting options. Additionally, DraftKings has weekly promotions that often include parlay bets for customers to benefit from.

There is no promo code needed for the DK welcome bonus and ongoing promotions. Creating an accurate predictive model can take years to perfect. This is not something that everyone can take advantage of, but if you are looking for a place to start you can check out the resources we have on our betting education page. Be sure to shop around at different books and get the best odds possible.

What is a Parlay?

While you can use the above table to see what your payouts would be, our parlay bet calculator work it out for you automatically. A 10 team parlay will pay out 643 times your wager amount assuming each leg of the parlay has -110 odds. For example, if you place a $10 bet on a 10 team parlay, your pay out would be $6,430. A parlay is a wager type in which multiple bets are linked together as one. A parlay is treated as one big bet, and every bet or selection within a parlay must-win for the parlay bet to payout. Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game.

These incidents may not pertain to the event’s outcome, unlike points spread, futures or totals. Yes, the BettorEdge community loves BettorEdge parlays as there’s a huge opportunity to get the best price on your parlay to win more money. Check out how to start a parlay today and start winning more with every bet. In order to use the parlay calculator, you’ll need to input Stake or Bet Amount, as well as, the odds of each leg of your parlay. Money line bets are the most common, however you can also include point spreads, totals, props, etc.

This is assuming each leg was bet at -110 odds on each leg of the parlay. Typically sportsbooks calculate parlay payouts for you, or you can use our sports parlay calculator above. The math of this works the same whether you are using a Las Vegas Parlay calculator or a straightforward accumulator bets calculator.

BEST SPORTSBOOKS FOR PARLAY ODDS

Find the odds of winning your sports bet parlay with the free parlay calculator (with push) below. The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet. A parlay is a single wager that combines two or more individual wagers and wins only if all wagers 1xbet registration included win together. Further assuming that each of the four outcomes has the same 1 in 4 chance of occurring, a winning parlay should give you odds of 3 to 1. But because you are typically only paid at odds of 2.6 to 1, instead of winning $300 on a $100 bet, you only win $260. In the same way as a standard parlay, all of your choices need to be correct for you to win.

Enter the odds of each leg to see how much the overall wager is worth. The first two odds are mandatory – you can’t parlay just one bet – but the rest are optional. Input -110 or -200 alongside +150 or +300; the calculator handles both, converting them to decimal odds behind the scenes for the final tally. No sweat – it only calculates the odds you enter, as long as you’ve got at least two.