Parlay Calculator NFL, NBA, MLB Sports Betting

They are aimed at specific markets so make sure you check the terms and conditions before playing. A 7 team parlay payout will return 92.42 times your wager amount using -110 odds for each leg of the parlay. A 6 team parlay payout will return 48.41 times your wager amount using -110 odds for each leg of the parlay.

#4. Bet365 Sportsbook

• Implied probability is a key concept in betting, representing the likelihood of a specific outcome based on the odds.
• If you attempt to do this on a sports betting site the request will be rejected.
• Further assuming that each of the four outcomes has the same 1 in 4 chance of occurring, a winning parlay should give you odds of 3 to 1.
• Once your online sports betting site accepts your parlay wager, they create a multi-level bet where each wager that wins then becomes bigger on the next leg and so on.
• Yes, it is possible to cash out a same game parlay with most sportsbooks.
• For example, your bet may go from a four-team parlay to a three-team parlay.

If you bet $10 on a three team parlay with all legs at -110 odds, your three team parlay payout would be $69.58 and your profit would be $59.58 ($69.58 – $10 bet). As bettors throughout the country are eager to get involved in sports betting, more and more online sportsbooks have launched promising, the best offers and betting experience. We have tested multiple sports betting apps to find the sportsbook offering the most parlay options. By default, there are five fields that need filling, but since we are talking about parlay bets, you would probably need to add extra fields. For an accurate computation with the parlay odds calculator, you need to add in all the selections of your wager.

How to Calculate Parlay Odds & Payouts

This sportsbook has seen a lot of parlay bets in its time and is an excellent parlay betting app. Because MGM Resorts is such a large company and has numerous resources and ways of making money, it offers some of thefairest odds around. The odds are important when calculating the payout from a parlay, so it is crucial you get the best odds on the game no matter what. No matter which betting site you choose to sign up with, you can’t parlay correlated futures markets. If you attempt to do this on a sports betting site the request will be rejected. If you keep trying consistently the sportsbook may decide to suspend the parlay function on your account.

How to Use the Parlay Calculator

If you enter the American odds, the rest of the odds types will be filled out, plus the payouts. Parlays multiply your bet across each leg’s odds, so even a $5 stake can balloon fast – think $5 into $50 or more with a few solid picks. Just type your bet and odds; it does the heavy lifting and breaks down each step so you can follow along.

If you bet $10 on a seven team parlay with all legs at -110 odds, your ten team parlay payout would be $6,430.82 and your profit would be $6,420.82 ($6,430.82 – $10 bet). If you bet $10 on a nine team parlay with all legs at -110 odds, your nine team parlay payout would be $3,368.52 and your profit would be $3,358.52 ($3,368.52 – $10 bet). If you bet $10 on an eight team parlay with all legs at -110 odds, your eight team parlay payout would be $1,764.46 and your profit would be $1,754.46 ($1,764.46 – $10 bet). If you bet $10 on a seven team parlay with all legs at -110 odds, your seven team parlay payout would be $924.24 and your profit would be $914.24 ($924.14 – $10 bet).

Every bet in your parlay needs to win to cash, so if you’re betting a parlay, you should carefully consider how many legs you want to add to it. Don’t fall into the trap 1xbet registration of a high payout by adding a ton of legs, and keep it to four or fewer. You can calculate a payment manually using its designated formula. Use a parlay calculator (like the one above) that automatically computes your potential payout based on your wager for a quicker method.