Parlay Calculator works out your winning bets in seconds and Win money with sports Betting Calculator at at DonBest the fastest free live betting odds service available. With our parlay calculator, you can select how you want your odds displayed. We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). Under Odds Type, pick your odds style. Input your first wager in the Bet #1 slot. A teaser bet is a lot like a parlay bet, all of the games you picked must win in order for you to win. As well because you are 'buying' points, the win return is smaller. Use our Teaser Calculator to determine the outcome of any particular teaser combination. Our Teaser Calculator allows you to select up to 12 teams in a teaser bet. Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. See what your total payout and winnings will be. How to use the DonBest.com 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.
- Sports Parlay Betting Calculator Points
- Sports Parlay Betting Calculator Results
- Sports Parlay Betting Calculator Yahoo
- Sportsbook Odds Calculator
- Don's Parlay Calculator
Find the odds of winning your sports bet parlay with the free parlay calculator (with push) below.
Sports Parlay Betting Calculator Points
How to Use the Parlay Calculator
Enter your wager amount and odds (yellow fields) for each leg of the parlay and you will see your potential profit, equivalent American and Decimal odds, as well as the implied win probability of your parlay bet.
For a single bet, enter odds in American format. A minus sign (-) indicates a favorite while a plus sign (+) indicates an underdog.
Moneyline odds are the most common bets in a parlay, however you can select any type of bet. A money line bet is a wager on which team you think will win. Therefore money line bets are the most straight forward and easiest to interpret, especially when there are multiple in a parlay.
See Your Parlay Odds with Bets that Push
You can also check the Push boxes if your bet has pushed. Checking this box will adjust the parlay odds to account for the fact that you have pushed a given bet.
A “push” or tie, means that your bet will not cause your parlay to be graded as a loss. Instead that leg of the parlay will basically be ignored when calculating the payout of your parlay.
A bet could push if you bet on a point spread or total that hit exactly. For example, if the New York Knicks were +8 against the Los Angeles Lakers and lost by exactly 8 points, that would be a push.
Parlay Payouts Chart
| Number of Bets in Parlay | Fair Payout (-110 Odds) | Fractional Odds | Fair Payout on a $10 Bet | Implied Win Probability |
|---|---|---|---|---|
| 2 Team Parlay | 3.64 | 2.64/1 | $36.45 | 27.4% |
| 3 Team Parlay | 6.96 | 5.96/1 | $69.58 | 14.4% |
| 4 Team Parlay | 13.28 | 12.28/1 | $132.83 | 7.5% |
| 5 Team Parlay | 25.36 | 24.36/1 | $253.59 | 3.9% |
| 6 Team Parlay | 48.41 | 47.41/1 | $484.13 | 2.1% |
| 7 Team Parlay | 92.42 | 91.42/1 | $924.24 | 1.1% |
| 8 Team Parlay | 176.45 | 175.45/1 | $1,764.46 | 0.6% |
| 9 Team Parlay | 336.85 | 335.85/1 | $3,368.52 | 0.3% |
| 10 Team Parlay | 643.08 | 642.08/1 | $6,430.82 | 0.2% |
Parlay Betting FAQ
How do you calculate parlay odds?
1. Convert all bets to decimal odds
2. Multiply the decimal odds of each bet together
3. Convert combined decimal odds back to American odds
How much will my parlay pay?
Your parlay pay out will depend on the odds and bet amount of each leg of your parlay. 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.
How much does a 10 team parlay pay?
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.
What does a $20 two team parlay pay?
A $20 two team parlay pays $72.89 assuming both legs of the parlay were bet at -110 odds. This would result in a profit of $52.89.
What happens when a bet in a parlay pushes?
When one leg of a parlay pushes (“ties”), then that bet is essentially excluded from the parlay without making the whole bet a loss. When calculating the parlay odds, that bet will essentially be removed from the equation.
Do you need to bet the money line to bet a parlay?
No, you can parlay almost any bet type. Money line bets are the most common, however you can also include point spreads, totals, props, etc.
Sports Parlay Betting Calculator Results
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How to Use Our Parlay Calculator
Our betting calculator can be used for single bets or parlays. It’s easy to run and can instantly convert fractions or decimals into more familiar American betting odds. To use the parlay calculator, select parlay bets and enter your preferred odds format. Then enter the amount you’d like to risk in the bet amount.
You can enter as many wagers as you want. Just click the plus symbol when entering betting odds to generate another spot. Let’s say you wanted to use the parlay calculator to view the payout on a $50, four-team NBA parlay with both moneyline and spread wagers. The individual odds would look like this:
Los Angeles Clippers -10, (-110)
Orlando Magic moneyline (+140)
Philadelphia 76ers -9 (-108)
Phoenix Suns moneyline (+295)
Ignore the point spread when using the parlay calculator. For this NBA betting parlay you would fill out four spots with odds of -110, +140, -108 and +295. The results field will immediately show that the four-team parlay would win $1,692.78 on a successful $50 wager.
Why Bet Parlays
As you can see from the above example, payouts can be lucrative. Parlays give bettors the chance to get action on multiple contests without having to individually bet every game or match. They’re also customizable. You can put $10 on an eight-team parlay or $100 on a two-team parlay. Big moneyline parlays can lead to four and five-figure payouts on relatively small wagers. Something like a two-team parlay provides the chance to string your two favorite bets of the night together for a bigger profit.
If entertainment is what you’re after with the online sportsbooks, parlays offer the best bang for your buck. Putting a longshot parlay together with friends is a great way to stay invested and keep in touch with the crew on a busy NFL Sunday.
Bettors can also hedge out of parlays to guarantee a profit in the later stages. If the first three games of a four-team parlay hit, one could bet the other way on the fourth leg to win money no matter the outcome. Choosing when and if to pull the trigger on a hedge is all part of the parlay betting experience.
Single Bet vs Parlay Bets
Single bets are a one-shot deal. You risk $110 to win $100 on most point spread bets and wait for the result. Parlays drastically improve the odds by stringing bets together, as well as increase the risk. All four games in a four-team parlay must hit for the bet to pay out. But hitting a four-team parlay brings rewards. Correctly betting four -110 games straight up would mean a profit of $400 on four $110 wagers. A four-team parlay would net a bettor $1,228 on a $100 wager. If you’re feeling extremely confident about multiple wagers, a parlay might be the best way to go.
RELATED: Check out our betting odds calculator to calculate payouts and convert odds.
How to Calculate Parlay Odds
Things can get a little hairy with multiple wagers and different odds formats. Our free parlay calculator does the math instantly. Even serious numbers gurus can use it to check their work or compare odds based on the standard parlay betting formula, which uses several steps.
Step 1: Convert Betting Odds
It’s easiest to convert American odds into decimal odds in order to calculate parlay payouts. Our single-bet calculator will do all the work for you. Simply enter American odds such as +140 into the calculator and it will automatically convert to 2.4.
Step 2: Use the Parlay Formula
The actual formula works like this:
(140/100) +1 = 1.4
1.4 +1 = 2.4
Convert the odds for each game of the parlay into decimal format like above. A three-game parlay with American odds of +140, -110 and -160 would have decimal odds of 2.4, 1.909 and 1.625. Multiply all three to get the decimal odds for the entire parlay, like so:
2.4 X 1.909 X 1.625 = 7.44
Step 3: Calculate Total Parlay Payout
Multiply your planned wager by 7.44 to see the payout. A $100 wager, for example, would pay $744 total on the above three-team parlay. You can use the same formula for any number of games or odds type.
Sports Parlay Betting Calculator Yahoo
Using Our Calculator to Make Sports Betting Decisions
Sportsbook Odds Calculator
Our parlay bet calculator can be used to convert odds and view potential payouts. But it’s really a tool to help bettors make smart choices. If you are thinking about wagering on three games, you can instantly view the risk/reward of parlaying the three or betting them straight up. The hard numbers let bettors make their own decisions on value and bankroll management without the guesswork.
Don's Parlay Calculator
The parlay calculator is just one of the many resources available at Bookies.com. After consulting our free expert NBA picks or NFL picks and finding the best value on point spreads at various online sportsbooks, the odds calculator offers a quick summary of the numbers to bring it all home and help savvy sports bettors make consistently profitable online gambling decisions.