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.
Calculate Parlay Winnings Money
Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10. 5) / 2, which equals $25. Ignore the boxes that are not included in your parlay (leave '0' in each box; they will not be factored into the parlay). Enter the amount of your wager in the box next to 'Amount($)' and click on 'Calculate'. The amount of a winning parlay wager will appear in the box next to 'Payout'. Note: The 'Payout' does not include the amount wagered. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again. Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. See what your total payout and winnings will be. Parlay Calculator determines parlay payouts as well as associated premiums given to a set of underlying betting odds.
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!
Calculate Parlay Winnings
What is a Parlay?
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).
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.
Vegas Parlay Calculator
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).
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.
Vegas Parlay Calculator
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.
