Parlay Calculator & Free Parlay Odds and Winnings
So this parlay on the Packers, Patriots, and Eagles to all win pays +233. Because this parlay is somewhat likely to cash — 3 favorite teams — the payout ratio is lower. If any of the wagers included in the parlay lose, then the entire parlay loses immediately.
How do I calculate a parlay payout?
Your parlay will therefore have far longer odds than either of your selections, but it comes at a greater risk too. You will need both of your bets to come through to win your parlay bet. This is why your potential parlay payout is higher than a simple single bet.
Most sportsbooks offer parlay betting, but there are lots of ways in which the experience can differ. After reviewing dozens of sites, I compiled a list of my favorite picks, and what each of them has to offer. If you are able to calculate true probability, you can use those odds to make an informed decision on who to bet on. If you have a predictive model and it gives the Panthers a win probability of 30%, then betting on the Panthers would be a good bet.
If you pick a favorite, you must enter the moneyline with a minus (-) (-110 for example). How much you will win, and what the payout will be, including your original stake. Every single one has to win, or you’re out of luck – but the payoff can be massive compared to betting each game solo. Our Vegas parlay calculator lets you input a dollar amount and odds in American format (like +150 or -110), then shows you the total payout and profit, step-by-step. It’s built for flexibility too – the first two bets are required, but you can add up to three more if you’re feeling bold.
On the flip side, there’s more of a risk to these types of wagers because every “leg” of the parlay needs to win. 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 parlay is a type of bet where multiple bets are linked together to create one, overall wager. Parlay betting gives the user the freedom to almost customize your own wager.
It is important to note that if your true probability is higher than the implied probability that a sportsbook is giving you, then that is a valuable bet. Understanding how parlay odds are calculated can deepen your appreciation for the risks and rewards of these bets. The process involves combining the odds of each individual leg into a single set of “parlay odds,” which significantly boosts the potential payout.
Fractional odds of ⅘ is equivalent to an American odds of -125 and a decimal odds of 1.80. Fractional odds are quoted as a fraction showing the potential amount paid out relative to a given stake. The first number (numerator) is the amount you would win by risking, while the second (denominator) is your stake. A fraction odd of ⅘ means earning $8 profit for every $10 you stake. Prop betting is a wager based on the occurrences and non-occurrences of an event.
- Therefore money line bets are the most straight forward and easiest to interpret, especially when there are multiple in a parlay.
- There is no promo code needed for the DK welcome bonus and ongoing promotions.
- It is used to wager on an event, series, or award that will finish in the future.
- The process involves combining the odds of each individual leg into a single set of “parlay odds,” which significantly boosts the potential payout.
- Welcome to our parlay odds calculator page, your go-to tool for maximizing your sports betting potential.
It’s also worth noting that SportBooks will frequently have a vig (4.54% at -110) on each leg making your odds or payout significantly less than true odds. A parlay bet is a bet that includes multiple individual bets that compound the payout. They are often used by sports bettors to get a higher payout with a relatively small initial stake or investment in the sports bet. Parlays higher payouts are met with higher risk as the bettor has to get each leg correct for a payout. 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.
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. Some sports betting services will lower the odds of correlated parlay bets because they know they have a higher chance of winning. Similarly, the true odds on a 3-leg parlay are 7 to 1, but instead, you are typically paid at odds of only 6 to 1. The more legs your same game parlay includes, the greater the discrepancy between the odds you are getting and the true probability, or in other words, the heftier the vig.
Decimal odds are mostly used outside of the United Kingdom, United States, and Ireland. It states the potential profits you should expect on your bet amount if your bet is successful. 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. The American odds usually start with a plus (+) or a minus (-). The outcome of the bet is not decided till the distant future. It is used to wager on an event, series, or award that will finish in the future.
Parlay Calculator, Parlay Betting Odds FAQ & Examples
Please only gamble with funds that you can comfortably afford to lose. While we do our upmost to offer good advice and information we cannot be held responsible for any loss that maybe be incurred as a result of gambling. We do our best to make sure all the information that we provide on this site is correct. 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.
The betting odds calculator allows you to input your stake & odds 1xbet registration in American, Decimal, or Fractional formats to quickly calculate the payout for your bets. 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. Our parlay calculator shows you how much you can win from your parlay bets, and you don’t have to switch over to Decimal Odds.
For this parlay calculator, you can go up to 6 legs, but check out our 10-leg parlay calculator or 12-leg parlay calculator for calculating more legs. After entry, the calculator will then tell you the Full Parlay Odds, Full Parlay Probability, Total Parlay Payout, and Total Profit of the Parlay. This is because a parlay combines several picks into a single wager, and you need to win every leg of the parlay to cash the bet. Even one leg of the parlay bet loses, the entire wager falls apart. A $20 two team parlay pays $72.89 assuming both legs of the parlay were bet at -110 odds.
It is enough to fill in just three of the blank fields to get a result. PFSN’s FREE Parlay Calculator allows you to build your parlay for as many different legs as you want, and our calculator will do the math for you. The calculator is simple to use, as you just add the odds of each leg of your potential parlay into the boxes, and the calculator will tell you the odds for that parlay. You can also add a stake, and the calculator will tell you both the potential winnings and the total payout you would receive if all of the legs of the parlay win. With parlays now extremely popular, most sportsbooks such as FanDuel and DraftKings offer daily parlay boosts. These boosts enhance the value of the combined odds in your parlay bet even further, which means your potential payout will also be higher.
The odds that a sportsbook offers you is directly related to the implied probability of that outcome happening. If you find a bet where the implied probability of an outcome is lower than the true probability, that’s a bet you want to make. Larger parlays are less likely to win but generate larger payouts when they do. The table below gives typical values of what you can expect when placing a parlay. For simplicity, it is assumed both teams have an equal chance of winnings and that the paid odds are -110 for each selection.
You can use the parlay calculator above to see exactly how much your parlay will pay given the odds of each bet in the parlay. Parlay Science combines AI technology with traditional betting strategies to help users make informed betting decisions and identify gainful opportunities. The platform offers a vibrant community on Discord where sports bettors can engage, share strategies, and access exclusive betting insights and tools.