Parlay bets allow you to combine multiple bets into a single wager, increasing the potential payout. However, all bets must win for the parlay to succeed. Our Parlay Calculator simplifies this complex process, letting you calculate your potential returns with ease.
What Is a Parlay Bet?
A parlay bet is a single wager that links two or more individual bets, multiplying the odds for greater potential returns. You can include various bet types, such as moneylines, point spreads, and totals.
Example:
- Bet 1: Moneyline (+200)
- Bet 2: Point spread (-110)
- Bet 3: Totals (+150)
Combined odds yield a significantly higher payout than individual bets.
How the Parlay Calculator Works
Here it is how the parlay calculator works:
- Input the Odds: Add the odds for each leg of your parlay (up to 10 legs).
- Enter Your Wager: Specify the total amount you’re betting.
- View Your Results: Instantly see the combined odds and total payout.
Example of a Calculation:
- Bet 1: +200
- Bet 2: -110
- Bet 3: +150
- Wager: $50
- Combined Odds: +950
- Total Return: $525
Parlay Betting Strategies
Increase your chances of success with these tips:
- Limit the Number of Legs: While tempting, more legs increase risk. Stick to 2-3 legs for a higher probability of winning.
- Research Each Bet: Ensure every leg of your parlay is well-researched and offers value.
- Use Free Bets: Many sportsbooks offer promotions for parlay bets, reducing your risk.
Learn more more about this type of bet in our guide to Parlay betting.
Looking for More Betting Tools?
Calculate returns for all bet types with our Main Betting Odds Calculator. Perfect for single bets, accumulators, and more!
FAQs
If a leg is voided, the parlay adjusts, and the odds recalculate without the voided leg.
Yes, most sportsbooks allow prop bets in parlays, but some restrictions may apply.
Parlays offer higher payouts but come with increased risk. They’re best used occasionally as part of a balanced betting strategy.
