Use the same method for any number of teams. Now we can calculate the Parlay Calculator payout with the following formula: (Risk Amount X Price 1 X Price 2) - Risk amount = PAYOUTĮxample: For a $100 parlay with: GIANTS -125 PADRES +130 $ 100 X (1+100/125) X (1+130/100) - $ 100 = PAYOUT STEP 3: Find out the amount to be wagered (risked) For a negative money line (-125) you divide 100 by 125 -> 100/125 = 0.8 With our parlay calculator, you can select how you want your odds displayed.Payoffs are determined by a simple formula that changes the money line into decimal form: STEP 1: Converting Money Line To Decimalįor each team in the Parlay Calculator, the money line is converted into decimal form using the following formula: The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91). If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.įor example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. All selections must win or tie in order to win the wager. Multiplied together, the overall odds of your parlay bet would work out to be 7.50. The +150 odds would be converted to 2.50, and the odds of +200 would be converted to 3.00. This makes it simpler to understand the parlay formula. Parlay Betting (2 to 8 teams)Ī parlay is a bet in which you select 2 to 8 teams or totals. Here a money line parlay calculator would first convert the American odds format to a decimal odds format. You must include the + or - sign according the price. You can type in prices from -99999 to +99999. What are the valid prices allowed on the Parlay Calculator Price Fields? Click the Parlay Calculator Calculate Button to obtain the result.Type in the Parlay Calculator amount($) field the amount you wish to risk. ![]() For example, imagine youve chosen five selections at. Fill in the Parlay Calculator Prices Column, so at least 2 fields must be filled in with money lines prices. To find the odds of a parlay bet, simply convert your odds to decimal form and multiply them one by one.The Parlay Calculator is a handy tool to calculate the payoff of parlay bets. 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. So why make a parlay bet if it’s a more difficult bet? Because the payouts are higher. A money line parlay calculator is a piece of computer software that allows you to calculate what kinds of payout you’d get from your parlay bet. In order for the parlay bet to win, every one of the wagers must win. A parlay is a single bet that links together two or more individual wagers for a high payout.
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