Calculate Parlay
A parlay is a single bet that links together two or more individual wagers for a high payout.
Enter the amount of your wager in the box next to Bet Amount, and click on 'Calculate Parlay'. The amount of a winning parlay wager will appear in the box next to Parlay Payout. Most NFL, NBA and NCAA College games are at -110. Super Bowl Odds & Props. Parlay Calculator. In the boxes under 'Odds' enter the moneyline odds of each game in your parlay. If you choose a favorite, you must enter the moneyline with a minus (-) sign at the beginning (e.g. Note: Most standard pointspread and total wagers have -110 moneyline odds. The parlay calculator accepts US or decimal odds, so you could enter -110 or 1.91, for example. Make sure you enter the minus sign if there are negative odds in a US format. Aside from 'spread' parlays, another way to parlay is to bet on two or more teams simply winning straight up. In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1.
For Fixed Odds Parlay, where the Standard Money Line is '-110', a 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, a five team parlay might pay 20/1 and a six team parlay might pay 40/1 and so forth, with the payouts getting higher with more teams or totals selected.
| No. of Teams | Las Vegas Payout | Global Book Payout |
|---|---|---|
| 2 | 13/5 | 13/5 |
| 3 | 6/1 | 6/1 |
| 4 | 10/1 | 12.28/1 |
| 5 | 20/1 | 24.35/1 |
| 6 | 40/1 | 47.41/1 |
| 7 | 75/1 | 91.42/1 |
| 8 | 150/1 | 175.44/1 |
Calculate Round Robin Parlay
How do you calculate Fixed Odds Parlay Bets Payout:
Let's assume that a patron would like to bet 100.00 for a 2 team parlay. The fixed odds for it would be 13/5.
Standard / Fixed Odds Parlay Calculator based on Las Vegas Payout!
True Odds Parlay Calculator based on Global Sportsbook Odds!
Useful for both Negative '-' and/or Positive '+' Money Lines, including Single Straight Bets!
NOTE:If betting a favorite, you must enter the line with a minus (-) sign at the beginning. If betting the underdog, money line with a plus (+) sign at the beginning is not required.
Teaser Bet Calculator!
A teaser bet is a bit of a parlay bet, which allows players to reduce their risk. A teaser bet offers the opportunity to bet on point spreads or game totals, and then “tease” or adjust the line to give them a better chance of winning. .:: Need To Know ::.
In order for the parlay bet to win, every one of the wagers must win or push (tie).
If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.
For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).
Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.
Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.
How much does it pay and how do you win a parlay?
In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5-team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2-team parlay and one team wins and one tie; the wager becomes a straight single bet.
Try it out, simply put in the numbers and the parlay calculator will do the rest!
What is a Parlay?
What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.
Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).
Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).
Baseball Parlay Calc
Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!
Do you need parlay betting advice?
If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice.
If you bet on the Favorite, take the OVER. If you like the UNDERDOG, take the UNDER. The logic behind this theory is simple.
For example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side.
Calculate Parlay Bet
Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. If you buy a lottery ticket, in my view you're buying into the parlay strategy.
Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook.
Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!
Calculate Parlays
Don't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go 'parlay tripping' with an 8-team to 10-teamer. Let's face it; if you can hit an 8-team or 10-teamer, you're going to cash a nice ticket. Just live within your means and bet what you can afford to lose.