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 on the Wildcard Weekend during the NFL 2024 play-offs and backed the following:
Houston Texans to beat the LA Chargers at +136
Baltimore Ravens to beat the Pittsburgh Steelers at -549
Buffalo Bills to beat the Denver Broncos at -448
Philadelphia Eagles to beat the Green Bay Packers at -260
Washington Commanders to beat the Tampa Bay Buccaneers at +138
LA Rams to beat the Minnesota Vikings at +121
By entering these betting odds into our Parlay odds calculator with your desired stake, the summary will instantly show the combined odds (+2385) and implied odds (4.024%). As a football betting wizard, your predictions are correct giving you a payout of $238.53 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!
See Other Calculators
About AceOdds
AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. Learn more.
- Iowa State @ Kansas State
- Auburn @ Baylor
- LSU @ Clemson
- Georgia Tech @ Colorado
- More Match Odds...
