A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.
Parlay Calculator. The free parlay calculator allows you to create a bet that combines multiple games and provides the projected payout. The more games, the higher the risk but the greater the payout. In order for the parlay to win, each game must win or push (tie). First, we must convert these moneyline odds to decimal odds. Game 1 and Game 3 will be calculated the same way, where we divide 100 by each moneyline odd and add 1. Game 2 will be calculated by dividing the moneyline odd by 100 and adding 1. The calculations are shown below. That being said, if you are given decimal odds already and want to compute your parlay by hand, there is no need to convert the decimal odds to moneyline odds. Decimal to moneyline: There are two methods to convert decimal odds to moneyline odds, one method being for decimal odds less than 2.0, and the other method being for decimal odds. A parlay bet is a single wager that requires two or more outcomes to all win. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for.
When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.
How Do Other Results Affect Parlay Results?
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
How Parlay Odds Are Calculated Points
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
Calculate Moneyline Parlay
| Team | Odds |
|---|---|
| Team #1 | 0 |
| Team #2 | 0 |
| Team #3 | 0 |
| Team #4 | 0 |
| Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
- Decimal odds
- American odds
- Fractional odds.
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.
The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).
Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.
Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.
How much does it pay and how do you win a parlay?
In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are 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 tie; the wager becomes a straight single bet.
Try it out, simply put in the numbers and the parlay calculator will do the rest!
What is a Parlay?
What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.
Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).
Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).
Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!
Do you need parlay betting advice?
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
How Parlay Odds Are Calculated Points
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
Calculate Moneyline Parlay
| Team | Odds |
|---|---|
| Team #1 | 0 |
| Team #2 | 0 |
| Team #3 | 0 |
| Team #4 | 0 |
| Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
- Decimal odds
- American odds
- Fractional odds.
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.
The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).
Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.
Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.
How much does it pay and how do you win a parlay?
In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are 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 tie; the wager becomes a straight single bet.
Try it out, simply put in the numbers and the parlay calculator will do the rest!
What is a Parlay?
What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.
Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).
Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).
Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!
Do you need parlay betting advice?
If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice.
If you bet on the Favorite, take the OVER. If you like the UNDERDOG, take the UNDER. The logic behind this theory is simple.
For example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side.
Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. If you buy a lottery ticket, in my view you're buying into the parlay strategy.
Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook.
Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!
Parlay Odds Calc
Don't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go 'parlay tripping' with an 8-team to 10-teamer. Let's face it; if you can hit an 8-team or 10-teamer, you're going to cash a nice ticket. Just live within your means and bet what you can afford to lose.
