Introducing Our Free Parlay Calculator for Sports Betting Since this parlay has a higher likelihood of winning, the payout ratio is lower. The decimal odds for each team are 1.333, 1.5, and 1.667, respectively. In another example, let's say you want to bet on three heavily favored NFL teams (Packers, Patriots, and Eagles) on the moneyline. The calculation would be as follows: - 1.91 x 1.91 x 1.91 = 6.97 - 6.97 - 1 = 5.97 In American odds, 5.97 translates to approximately +597, indicating that this parlay pays nearly 6-1. ‍ For example, let's consider a parlay with three NBA teams (Warriors, Lakers, and Miami Heat) at odds of -110, which is equivalent to 1.91 in decimal odds.

Subtract your original stake from the total payout to determine the parlay odds. Multiply the multiplier by the amount you want to bet. Multiply the decimal odds together to get the multiplier. ‍ Here's a step-by-step breakdown of the calculation process: ‍ - Convert the American odds for each bet into decimal odds using an odds converter. How to Calculate a Parlay PayoutĬalculating a parlay payout can be done manually or by using a parlay calculator. ‍ On the other hand, when the stars align in your bet and your parlay hits, the payouts can be huge! A $10 5-team parlay at +5000 odds would pay out $500 if all five teams win, 50 times your bet. Even if you pick 4 out of 5 games correctly and one leg fails, the whole parlay results in a loss. To win a parlay, all your selections must be correct. Parlays are an exciting way to bet and can lead to massive winnings from a small stake. The risk in parlay betting is higher, but so is the potential payout. But not anymore - our free parlay calculator makes it a breeze to determine the possible winnings for your parlay wager. Calculating potential parlay payouts manually used to be frustrating and time-consuming.

Again… we recommend staying away from these. They are so attractive due to the fact that you can bet a little to win a lot. The downside is that the risk also increases with each added bet. The more bets you include, the higher the potential payout. You need to win all the wagers in the parlay to win the bet. A parlay is a single bet that links two or more individual wagers together. Even though we recommend that beginners stay away from them, they can be captivating.

Ever seen someone hit a huge sports betting winner? Chances are it was a parlay bet.

How to figure out a moneyline parlay