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Call Gambler. Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Find where to bet in your state! See Sportsbooks. Sports Betting. Betting Tools. All rights reserved. Parlay Calculator. Parlays with spreads and totals at standard odds, use the Fixed Odds Table.
Parlays with spreads and totals with odds not at the standard value, use the True Odds Calculator. Bet Amount. Our parlay calculator could not be easier to use. Follow the steps below to calculate your parlay bet :. New Users Only. Eligibility restrictions apply. See DraftKings. A parlay bet, sometimes referred to as an accumulator or combo bet, is a wager that combines multiple single bets to create one larger bet. In order to win a parlay bet, all of the outcomes in the bet need to be correct.
As a result, the payout is much bigger than if you had placed each bet individually. The more single bets you include in your parlay, the more the winnings you will get from the sportsbook. For example, a 5 team parlay will pay out considerably more than a 2 team parlay assuming equal odds. Sportsbooks allow you to bet parlays on just about any sport. You can even create parlays with bets from multiple different sports.
Parlays can also be made up of different types of bets such as prop bets and futures bets. Opinion is divided among sports bettors on whether or not parlays are a smart bet. But how is the total payout actually calculated?
Step 1 — Convert the American odds of each single bet to decimal odds. You can do this using our odds calculator. Step 2 — Multiply the decimal odds of each bet together. This gives you your parlay odds.
NJ Bet with your head, not over it! Gambling Problem? Call Gambler. Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Find where to bet in your state!
See Sportsbooks. Sports Betting. Betting Tools. All rights reserved. Parlay Calculator. Parlays with spreads and totals at standard odds, use the Fixed Odds Table. The free parlay calculator is the perfect tool for you to determine the value of your parlay bet on every sport. When you are considering a parlay bet, the parlay calculator shows you the amount of the potential payout determined by the number of bets and the value of each bet.
The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk. Parlay bets are very popular, especially with novice bettors, as they have the potential for high payouts on a low bet amount since you get higher payoffs than if you were to bet them individually as your bet accumulates like compound interest.
The reason they have high-payouts is because these wagers lower your odds of winning. If any leg of the bet loses, you lose your original stake. Use the parlay calculator above to see the parlay payout work for the bets you are considering, and remember that the sportbook has a much bigger advantage when you place a parlay bet.
The best way to calculate the payout on your parlay bet is to use the free parlay calculator above or enter your bets into the sportsbook app where you plan to place your bets and enter your game selections. When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly.
The books also make money in the long run on parlays because they never pay close to the true odds. Odds Paid.
You decide to take that money to your favorite betting site and create an awesome parlay. In the parlay number cruncher, you would add for Bet 1 , for Bet 2 , for Bet 3 , and for Bet 4. The calculator does not need the 4. The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.
Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. Parlay Calculator.
Bet 1. For a single bet, 2 to 8 teams or totals can be selected. 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. CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler.
Step 2 — Multiply the decimal odds of each bet together. This gives you your parlay odds. Step 3 — Multiply the result by your total wager amount to get your total parlay payout. You are looking at the upcoming Sunday NFL matchups and want to combine 4 single bets into a 4 team parlay in order to increase your winnings. Here are the bets you want to combine in bold :.
First, we convert the moneyline odds to decimal odds using the following formulas:. Negative American odds have a minus sign - in front of them, indicating the favorite. Now you know exactly how parlay bets are calculated, but of course, all you really need to do is enter your odds into our free calculator above and view your winnings instantly.
How Are Parlay Bets Calculated? Step 4 — Subtract your bet amount to see your total profit. This gives us the following decimal odds: Kansas City 1. Now we can calculate the total parlay payout by multiply the odds by our original stake: 5. 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. CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. Contact the Nevada Council on Problem Gambling or call