Parlay Calculator
Calculate potential parlay payouts for up to 15 legs. Enter each leg's American odds to see your total payout and win probability. The best free parlay odds calculator online.
About the Parlay Calculator
This free parlay calculator helps you calculate potential payouts for multi-leg parlays. Whether you're betting NFL football, NBA basketball, MLB baseball, or any sport, simply enter the American odds for each selection to see your total payout and win probability.
Pro Tip: While parlays offer exciting payouts, the house edge increases with each leg. Consider using our round robin calculator for better risk management, or check out our complete parlay betting guide.
How to Use This Calculator
- 1Enter Your Stake: Input the dollar amount you want to bet on the parlay (e.g., $100)
- 2Add Your Legs: Enter American odds for each leg of your parlay (e.g., -110, +150). Click 'Add Leg' for more selections.
- 3Review Results: See your potential profit, total payout, and overall win probability instantly
Frequently Asked Questions
How do you calculate a parlay payout?
Convert each leg's odds to decimal format, multiply all decimals together, then multiply by your stake. For example, two -110 legs: (1.909 × 1.909) × $100 = $364.43 total payout.
What is a 4-team parlay payout?
A 4-team parlay at standard -110 odds pays about 12.3 to 1. A $100 bet would return approximately $1,229 profit ($1,329 total payout). The exact payout depends on each leg's specific odds.
Are parlay bets worth it?
Parlays offer higher payouts but lower win probability. The house edge increases with each leg added. For recreational bettors, small parlays (2-3 legs) can be fun. For serious bettors, single bets or round robins often provide better long-term value.
What happens if one leg of a parlay pushes?
If a leg pushes (ties), most sportsbooks remove that leg from the parlay and recalculate the payout with the remaining legs. A 4-leg parlay becomes a 3-leg parlay.
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Responsible Gambling
Gambling should be entertaining, not a way to make money. Only bet what you can afford to lose, and never chase your losses.
- Betting more than you can afford to lose
- Chasing losses with bigger bets
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