Parlay Calculator Free MLB, NBA & NFL Parlay Odds 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. 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.

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

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.

If a game in your parlay is canceled, the sportsbook will typically treat the canceled game as apush. This means that you will not receive any payout for that game, and the rest of your parlay will be adjusted based on the remaining games. It is important to check with the sportsbook before placing a parlay bet to make sure you understand their rules and regulations regarding canceled games. Parlay bets are known for their huge payouts and big odds because they can essentially be as large as you want them to be. Most sportsbooks allow ten legs in a single parlay, while some allow up to 25 legs, which means payouts can be astronomical.

Let’s say you want to bet three heavy favorites on the moneyline because you’re confident each team will win, but not sure if they’ll cover the spread. You can’t parlay a bet against the spread and a moneyline bet on the same game. The only bets that can be teased are point spreads and point totals; moneyline bets cannot. Ranking the best parlay apps requires a different approach than judging betting apps as a whole. One operator may be popular among bettors due to its attractive bonuses and promotions, while another may attract new users with a huge range of betting markets. Now, you only need to fill out one of these four fields to populate the rest of the calculator.

HOW DO I CALCULATE A PARLAY PAYOUT?

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.

Input your selections, adjust your wager, and instantly compute potential payouts. A parlay is a single sports bet that involves two or more wagers combined into one. This bet could include moneylines, futures, and point spreads. These bets are attractive because they offer the potential of a higher payout over choosing a single team to win.

Betting.us does not fulfill nor provide customer support for any promotions that appear on this website. Nah, it’s not a crystal ball – it just shows what you’d get if you do. Let’s paint a picture with some parlay examples to show how they work – and how a calculator makes it crystal clear. Examples are Arbitrage, Fair play, Half Point, Kelley, Streak, and Parlay calculators.

One Game Parlay Odds & Payouts

• Prop betting is a wager based on the occurrences and non-occurrences of an event.
• Don’t fall into the trap of a high payout by adding a ton of legs, and keep it to four or fewer.
• A 2 team parlay at -110 odds translates to a +264 American odds or 3.64 Decimal odds.
• A parlay links all your picks together into one big bet with a bigger payout at higher risk.

First, you need to convert the American odds to decimal odds using an odds converter. Next, multiply the decimal odds together to get your multiplier. Then you need to multiply the multiplier by your bet amount and subtract your initial stake to get the parlay odds. DraftKings offersParlay Insurance with many different props and odds to parlay together.

There is no set figure available, but you can get some parlay ideas by visiting each site to see what they offer. Sometimes, gambling can go right over your head and cause major inconveniences. If you feel that you are at such a stage in your life, it’s crucial that you turn to professionals for help. The National Council on Problem Gambling is the chief organization in the United States that provides gambling addiction recovery, counseling, and resources. AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate.

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%).

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.

What is a Parlay Calculator?

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.

Each bet, also known as a “leg” in a parlay, has to win for your parlay to cash. The 1xbet registration more legs you add to a parlay, the greater the payout if you win. Manually carrying out these processes can take a considerable amount of time.

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.

Just switch the positions of the numerator and the denominator in the formula above, disregarding the minus sign attached to the numeric value. Instantly calculate your payout, profitability, and profit – then take or house your parlay in BettorEdge’s peer-to-peer marketplace. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

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.

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.

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.