Parlay Calculator
Calculate parlay odds and potential payouts
Parlay Details
Leg 1
Leg 2
Understanding Odds:
- • Negative odds (e.g., -110): Amount needed to win $100
- • Positive odds (e.g., +150): Amount won on $100 bet
- • All legs must win for parlay to pay
Parlay Summary
$364.46
Potential Payout
Total Parlay Odds+264
Combined odds for all selections
Implied Probability27.4%
Probability of all selections winning
Individual Bet Comparison:
Bet 1:$190.91
Bet 2:$190.91
Understanding Parlays
What is a Parlay?
A parlay is a single bet that links together multiple individual wagers. To win a parlay:
- • All selections must win
- • Higher risk, higher reward
- • Combines odds multiplicatively
- • One loss voids entire bet
Advantages & Disadvantages
Advantages:
- • Higher potential payouts
- • Lower initial risk
- • Exciting multi-game action
Disadvantages:
- • Higher variance
- • More difficult to win
- • No partial wins
Parlay Betting Tips
Research
- • Study each selection
- • Check injury reports
- • Compare odds across books
- • Consider correlations
Risk Management
- • Limit number of legs
- • Keep stakes reasonable
- • Avoid massive underdogs
- • Consider round robins
Strategy
- • Focus on value bets
- • Avoid forcing picks
- • Track your results
- • Stay disciplined