Find the odds of winning your sports bet parlay with the free parlay calculator (with push) below.
- A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so on with the payouts getting higher with more teams. The Parlay Calculator is a handy tool to calculate the payoff of parlay bets.
- All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection. With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1.
- A two-team parlay (assuming all bets being 50/50 propositions) has 4 possible outcomes (Win-Win, Win-Lose, Lose-Win, Lose-Lose), so you should hit 1 out of every 4 times or odds of 3-1 against you, yet the standard payoff for a 2 team parlay is 13-5 (2.6-1). That’s a bargain compared to the much-lower odds we see the further we go down the chart.
How to Use the Parlay Calculator
In the parlay number cruncher, you would add -200 for Bet 1, -110 for Bet 2, -145 for Bet 3, and -115 for Bet 4. The calculator does not need the 4.5 from the prop or the 6 from the totals bet. These numbers are important to your overall wager, but it’s the digits in brackets that are necessary to see how much you’d win. This calculator generates all the possible combinations of creating a team using limiting conditions such as team roles and limits. The default settings are 11 for combination size, and 22 for the number of items on the list, but you can adapt the parameters for your own purposes.
Enter your wager amount and odds (yellow fields) for each leg of the parlay and you will see your potential profit, equivalent American and Decimal odds, as well as the implied win probability of your parlay bet.
2 Team Parlay Calculator
For a single bet, enter odds in American format. A minus sign (-) indicates a favorite while a plus sign (+) indicates an underdog.
Moneyline odds are the most common bets in a parlay, however you can select any type of bet. A money line bet is a wager on which team you think will win. Therefore money line bets are the most straight forward and easiest to interpret, especially when there are multiple in a parlay.
See Your Parlay Odds with Bets that Push
You can also check the Push boxes if your bet has pushed. Checking this box will adjust the parlay odds to account for the fact that you have pushed a given bet.
A “push” or tie, means that your bet will not cause your parlay to be graded as a loss. Instead that leg of the parlay will basically be ignored when calculating the payout of your parlay.
A bet could push if you bet on a point spread or total that hit exactly. For example, if the New York Knicks were +8 against the Los Angeles Lakers and lost by exactly 8 points, that would be a push.
Parlay Payouts Chart
| Number of Bets in Parlay | Fair Payout (-110 Odds) | Fractional Odds | Fair Payout on a $10 Bet | Implied Win Probability |
|---|---|---|---|---|
| 2 Team Parlay | 3.64 | 2.64/1 | $36.45 | 27.4% |
| 3 Team Parlay | 6.96 | 5.96/1 | $69.58 | 14.4% |
| 4 Team Parlay | 13.28 | 12.28/1 | $132.83 | 7.5% |
| 5 Team Parlay | 25.36 | 24.36/1 | $253.59 | 3.9% |
| 6 Team Parlay | 48.41 | 47.41/1 | $484.13 | 2.1% |
| 7 Team Parlay | 92.42 | 91.42/1 | $924.24 | 1.1% |
| 8 Team Parlay | 176.45 | 175.45/1 | $1,764.46 | 0.6% |
| 9 Team Parlay | 336.85 | 335.85/1 | $3,368.52 | 0.3% |
| 10 Team Parlay | 643.08 | 642.08/1 | $6,430.82 | 0.2% |
Parlay Betting FAQ
How do you calculate parlay odds?
1. Convert all bets to decimal odds
2. Multiply the decimal odds of each bet together
3. Convert combined decimal odds back to American odds
How much will my parlay pay?
Your parlay pay out will depend on the odds and bet amount of each leg of your parlay. You can use the parlay calculator above to see exactly how much your parlay will pay given the odds of each bet in the parlay.
How much does a 10 team parlay pay?
A 10 team parlay will pay out 643 times your wager amount assuming each leg of the parlay has -110 odds. For example, if you place a $10 bet on a 10 team parlay, your pay out would be $6,430.
What does a $20 two team parlay pay?
A $20 two team parlay pays $72.89 assuming both legs of the parlay were bet at -110 odds. This would result in a profit of $52.89.
What happens when a bet in a parlay pushes?
When one leg of a parlay pushes (“ties”), then that bet is essentially excluded from the parlay without making the whole bet a loss. When calculating the parlay odds, that bet will essentially be removed from the equation.
Do you need to bet the money line to bet a parlay?
No, you can parlay almost any bet type. Money line bets are the most common, however you can also include point spreads, totals, props, etc.
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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?
2 Team Moneyline Parlay Calculator
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).
2 Team Parlay Payout Calculator
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!
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.