Parlay payout
Parlay calculator is a sports betting tool for extra handicapping data. See how much you'd win based on the odds of your total wagers, and amount bet. How to Calculate a Parlay Payout: · Payout = profit plus the amount you wager · Wager = how much money you bet · DecimalOdd = the decimal odd for each individual. The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. Should a single wager lose, parlay payout payout is zero. The calculator supports moneyline odds that are popular in the US and decimal odds for customers in Canada.
Parlay Calculator
What does a 3 team parlay usually pay? Typical payouts for up to 10 team parlay bet
| Number | Odds | Payout |
|---|---|---|
| 2 Team Parlay | 2.6 to 1 | $360 |
| 3 Team Parlay | 6 to 1 | $700 |
| 4 Team Parlay | 11 to 1 | $1,200 |
| 5 Team Parlay | 22 to 1 | $2,300 |
Parlay Bet: What It Is and How It Works
The benefit of a parlay is higher winnings when compared to placing each individual wager separately, because the probability of hitting all included wagers together is much lower. If any wagers in the parlay push tie , the parlay is generally adjusted to reflect the lower number of wagers, adjusting the odds and potential winnings down appropriately.
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Must be 21 or older to gamble. Sports betting and gambling are not legal in all locations. Be sure to comply with laws applicable where you reside. Advertisement - scroll for more content. Any sportsbook will calculate potential winnings from a parlay and is often what gamblers rely on. To calculate a payout:. First, convert those odds to decimal, which is 1.
Then multiply them together:. Then subtract the original bet amount:. There is a simple rule for wagers. A double bet pays about 2. From there, the odds roughly double for every bet added to the parlay. Parlay payout In everyday usage, parlay means using or leveraging an existing asset into something of greater value. For example, you might parlay your skills or education into a lucrative career or business.
However, the bettor can parlay these bets together for a win of around 2. The possible outcomes would be as follows:. The parlay increases risk but gains more over two individual bets. Parlays can be more complicated and consist of more individual bets. A bettor could bet on five teams covering their spread instead of just two. In , the U. Supreme Court permitted U.
Bettors are far less likely to win parlay bets than individual bets, and sportsbooks make more money from parlay bets than individual bets. If you or someone you know has a gambling problem, call the National Problem Gambling Helpline at , or visit ncpgambling.
The odds on individual bets are calculated even to generate a small profit for the sportsbook. By pooling more bets into the same wager, the bettor assumes more risk and limits their chances of winning. 
A parlay in sports betting is when a bettor makes multiple wagers at least two and ties them into the same bet.
If any bets in the parlay lose, then the entire parlay loses. However, if all wagers win, the bettor gets a bigger payout. Most of the time, canceled games come off the parlay and may go from a three-game parlay to a two-game parlay, for example. The sportsbook will have rules on how they handle various situations about various bets.
Parlays are a poor way to bet on sports, at least in terms of long-term expected value. Parlay bets are made up of two or more wagers. They are a way of combining individual bets into one. Parlay bets are much harder to win than regular bets and offer larger payouts. American Gaming Association.
National Council on Problem Gambling. American Psychiatric Association. Table of Contents Expand. Table of Contents. What Is a Parlay Bet. How to Make a Parlay Bet.