Parlay Calculator
A parlay is a bet that combines multiple selections into a single wager that has a payout only when all selections win. Our parlay odds calculator supports moneyline odds, decimal odds and fraction odds. With our bet calculator, you can enter odds for up to 20 bets to see the potential payout along with the combined odds and implied probability that your bet is successful. This works for all sports, including football, basketball, baseball, soccer, hockey, golf, tennis and more.
Specific Bet Type Calculators
Parlay Payout Table
Larger parlays are less likely to win but generate larger payouts when they do. The table below gives typical values of what you can expect when placing a parlay. For simplicity, it is assumed both teams have an equal chance of winnings and that the paid odds are -110 for each selection. The difference between the paid odds and the true odds is how the bookmaker earns a profit.
| Parlay Size | True Implied Probability | True Odds | Paid Implied Probability | Paid Odds |
|---|---|---|---|---|
| 1 | 50% | +100 | 52.4% | -110 |
| 2 | 25% | +300 | 27.4% | +264.5 |
| 3 | 12.5% | +700 | 14.4% | +595.8 |
| 4 | 6.2% | +1500 | 7.5% | +1228.3 |
| 5 | 3.1% | +3100 | 3.9% | +2435.9 |
| 6 | 1.6% | +6300 | 2.1% | +4741 |
| 7 | 0.8% | +12700 | 1.1% | +9142.4 |
| 8 | 0.4% | +25500 | 0.6% | +17544 |
| 9 | 0.2% | +51100 | 0.3% | +33585 |
| 10 | 0.1% | +102300 | 0.2% | +64208 |
Parlay Bet Example
So, you fancied placing a parlay during the 2025 NBA season and backed the following:
New Orleans Pelicans to beat the Sacramento Kings at +210
Golden State Warriors to beat the Houston Rockets at +196
Minnesota Timberwolves to beat Oklahoma City Thunder at +160
Dallas Mavericks to beat Miami Heat at +110
LA Clippers to beat Utah Jazz at -315
By entering these betting odds into our Parlay odds calculator with your desired stake, the summary will instantly show the combined odds (+6501) and implied odds (1.515%). Against the odds, all your selections win and you receive an awesome payout of $650.06 from a $10 bet!
Parlay Calculator FAQs
For a three-leg parlay with the following odds:
- Selection 1: +150 (converted to 2.5 in decimal)
- Selection 2: -120 (converted to 1.83 in decimal)
- Selection 3: +200 (converted to 3.0 in decimal)
If your stake is $10, the calculation would look like this:
- Multiply the decimal odds: 2.5 x 1.83 x 3.0 = 13.725
- Total Payout = 13.725 x $10 = $137.25
- Profit = Total Payout - Stake = $137.25 - $10 = $127.25
Fortunately, our parlay odds calculator does all of the math for you!
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