Our free-to-use Parlay calculator will work out the odds and return on your parlay in no time. Calculate the odds on any number of parlays, with the option to add up to 15 teams or selections.
The parlay calculator is quick and simple to use. Just add in the moneyline odds into the bet line, you can add up to 15 selections in total. If you pick a favorite, you must enter the moneyline with a minus (-) (-110 for example). Press add bet to add more lines up to 15 bets. Enter your bet amount, then hit calculate. This will return 2 figures. How much you will win, and what the payout will be, including your original stake.
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The calculator can easily be used see the potential returns of your wager in just a few clicks.
Understanding a parlay calc will help you to determine your parlay payout. Additionally, you can use it to decide if you should do a two-team parlay or add more teams. Betting tools such as a free parlay calc or a moneyline parlay calculator are beneficial. They can help players find out exactly how much they could win and if the bet amount is worth it. This 15 team parlay calculator can be used for less teams, but the maximum is 15.
Typically sportsbooks calculate parlay payouts for you, or you can use our sports parlay calculator above. The math of this works the same whether you are using a Las Vegas Parlay calculator or a straightforward accumulator bets calculator. So let’s look at the numbers of how to calculate a parlay.
First, you need to convert the American odds to decimal odds using an odds converter. Next, multiply the decimal odds together to get your multiplier. Then you need to multiply the multiplier by your bet amount and subtract your initial stake to get the parlay odds.
The most straightforward way of doing this is to pick a calculator using American odds. For example, you could enter American odds such as +140 into the calculator, and this will automatically convert to 2.4
Using the above +140 as a gambling calculator odds example, the formula works like this:
(140/100) +1 = 1.4
1.4 +1 = 2.4
Players can convert the odds for each game of the parlay into a decimal format, like in the example above. If we look at a more complicated model and decide you want to bet on some big favorites on the moneyline as you are feeling confident they will win but aren’t convinced they will cover the spread.
You decide to bet on the Seahawks -300 against the Jaguars, the Ravens -200 vs. the Lions, and the Rams -150 at the 49ers. The formula looks like the below in decimal odds:
1.333 x 1.5 x 1.667 = 3.33
The above parlay on the Seahawks, Ravens, and Rams to all win pays +233. Football parlay odds can offer some fantastic payouts, especially as some sportsbooks offer odds boosts.
Our betting calculator above can be used for all types of parlay wagers, including same game parlays. It is easy to use and converts fractions or decimals into American betting odds instantly. To use the above parlay bet calculator, select parlay bets and enter your preferred odds format. Then enter the amount of money you want to bet in the bet amount.
You are able to enter as many bets as you like; you just need to click the plus symbol when entering betting odds to generate another field. Let’s say you wanted to utilize the calculator to check the payout on a $50, four-team NFL parlay with both moneyline and spread wagers. The individual odds are listed below:
When using the parlay calculator, you can ignore the point spread. In this example of an NFL parlay, you would fill out four spots with odds of -110, +140, -108, and +295. The results will instantly reveal that this would pay out $1,692.78 on a successful $50 wager.
The total odds for your parlay wager are determined by the individual odds of your bets. It is more straightforward if you are betting on the totals or the spread as these are fixed odds, often referred to as ‘Pick em’ markets. The calculator will use implied probability from any single parlay bet using the true odds to produce the potential payout.
