- True Odds Parlay Calculator
- Sportsbook Odds Calculator
- Calculate Parlay Odds
- Calculating Parlay Odds
- Determine Parlay Odds
Odds Calculator
The odds in the bet multiply for every additional leg you add to the parlay. There has to be a minimum of two legs in your bet to be classified as a parlay. The maximum number of legs in a parlay is dependent on the sportsbook you are placing the bet with. If your sportsbook was offering odds of +1220 on that parlay wager, you could enter +1220 in the “Odds Offered” box, and hit “Calculate” again. You would then learn that you are paying a 0.63%. 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. When successful, it offers greater returns to the investor since it links up many events for a higher payout. 3.0 x 3.5 x 1.25 x 1.2 = 15.75 Now to revert this back to a more familiar American style odds we just multiply by 100 and then subtract by 100. So our combined parlay odds would be: (15.75 x 100) -100 = 1475. Parlay Odds Calculator Tool: This parlay / accumulator tool allows you to calculate the overall parlay odds if you combine a selection of individual bets. Enter the number of legs in the parlay, then enter the individual odds and the tool will produce the overall parlay odds!
Our odds calculator allows you to input your odds in American (e.g. +125), Fractional (e.g. 5/4) or Decimal (e.g. 2.25) odds and your total stake, and immediately calculates your potential winnings & payout for the bet
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True Odds Parlay Calculator
A parlay is a single bet that multiplies two or more individual odds from multiple events for a much higher overall payout. In order for the parlay to win, each game must win or push (tie). If any of the games lose, the entire bet loses.
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Use Sure Bet calculator to check whether given odds create a risk free sure bet (sure win, arbitrage bet) opportunity. Simply enter the total amount you wish to bet and the odds for each outcome and the calculator will immediately calculate the stakes for all outcomes, your potential winnings & payout and the risk free return (profit or loss).
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Odds are numbers, which are used to calculate the winning ratio for any given stake. In general, the rule is - the higher the odds, the lower the probability of winning.
Yes, you can always change the format in which you view the odds. In addition to decimal (European) odds, you can switch formats to fractional (UK) and American odds. If you are registered, you can choose from the list of different formats at any time by clicking the link in your profile settings. You can then use those settings across devices. If you do not have an OddsExplorer account yet, the link is available in the left column, above the indicated time zone.
The payout is the percentage returned to the bettors in total and is the opposite value of the bookmaker’s margin. For example, if you were to bet €100 on outcomes with a 92% payout, you would get back €92 from each bet on average. The bookmaker's profit would be the remaining €7. On larger payouts, bookmakers operate with lower margins and higher odds. On average it is always better to use bookmakers with a high payout to place your bets.
Sportsbook Odds Calculator
Before we go any further, we need to explain what a parlay is fully.
In order to win the entire bet, you have to win each of the individual bets on your parlay. If you lose one individual bet, then you lose the entire parlay bet.
Calculate Parlay Odds
The reason is that the sportsbook will pay you out much more money for correctly picking multiple individual bets together.There is more risk in this type of bet so it should be expected that we are offered a higher reward for making this wager.
Let’s compare betting three games individually versus betting them as a parlay.
Let’s assume that each game is -110 moneyline odds.
Let’s also assume that our bankroll for these three games is $300. We’re going to look at the scenarios if we picked all three games correctly and if we only picked two of the games correctly.
If we bet the games individually, we would bet $100 per game.
| Game | Bet Amount | Odds | Outcome | Profit/Loss |
| Game 1 | $100 | -110 | Win | $90.91 |
| Game 2 | $100 | -110 | Win | $90.91 |
| Game 3 | $100 | -110 | Win | $90.91 |
Now, what would happen if we picked all three games as a parlay bet? This time, we would place a single bet of $300. We will go over how to calculate parlay payouts in the section below here, but for now, we have done the calculations for you.
Calculating Parlay Odds
The profit on this bet as a parlay would be $1787.40! Even if we only bet $100 total, we would see a profit of $595.80. As you can see, you can bet 1/3 of the amount you bet total in the individual games and still make more than double what you would betting the games individually.
Determine Parlay Odds
At this point, a lot of people are wondering why you would ever bet anything but parlays. You can bet less and make so much more! Well, as you are probably guessing, there is more to the story.
Let’s look at what happens in our same example, except this time we only pick two out of the three games correctly. We bet the same games again for $100 each individually, and we are correct on two out of the three games.
| Game | Bet Amount | Odds | Outcome | Profit/Loss |
| Game 1 | $100 | -110 | Win | $90.91 |
| Game 2 | $100 | -110 | Win | $90.91 |
| Game 3 | $100 | -110 | Loss | ($100.00) |
If we bet all three of the games as a parlay for $300 (or $100), our profit is negative $300 or negative $100. If you get even one game wrong in a parlay, you lose the entire bet. You’ve now seen the downside to parlays.
Even if you only get one game correct betting them individually, you’re only going to lose $109. If you bet the same $300 on a parlay, though, you lose the entire $300. The risk is higher for parlays, but the associated reward is also higher.