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PlayersBest.com / Parlay Calculator: Figure Out Your Payout With Parlay Odds Calculator
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Parlay Calculator: Figure Out Your Payout With Parlay Odds Calculator

How to use Parlay Odds Calculator?

Last Updated on 03/24/2024

Welcome to our parlay odds calculator. This gives you a fast and easy way to see what odds you’ll be up against and what payouts you can get for your parlay bet winnings!

Our parlay calculator is completely free to use and you won’t need to download any software. Plus it’s flexible enough to be used for parlay betting on football, hockey, basketball, baseball, or any other sport. So keep reading to see how to use our parlay calculator!

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Parlay calculator



What is a parlay calculator?

Our parlay calculator is one of the most advanced pieces of kit we have to offer. It uses the latest scientific and mathematical theories to unravel even the most complex parlay bet. Parlay betting used to be the preserve of advanced players. But with our parlay calculator, even novice online bettors will be able to understand this bet, and make some decent-sized wins from their parlays.

Our parlay bet calculator can handle any sports betting challenge. You might have a parlay bet on the first games in the NBA season, or the wildcards in the NFL, our parlay calculator will help you out. Plus it’ll help you figure out whether your parlay for the NHL or MLB is looking realistic. No matter whether you’re betting on soccer, boxing, tennis or golf, our parlay calculator will be your new best friend. You can even use our parlay odds calculator for sporting innovations like MMA fighting and esports.

How does our parlay odds calculator work?

Our parlay calculator performs two basic tasks. The first thing that it does is to allow you to input the selections that you are considering using for your parlay bet. This means that you’ll quickly be able to see how the odds combine to produce the total parlay odds value. As a result, you’ll know whether that parlay bet has a realistic chance of winning, or whether you might need to reconsider which selections you’ve included.

The second thing that our parlay bet calculator does is to reveal what your potential payout might be. The payout calculation will be instantly displayed as soon as you’ve added each of your parlay selections. This means that you can see whether that parlay bet pays out enough to justify the risk. Or our parlay payout calculator could even help you see whether you could add another selection to make that big win all the more worthwhile.

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Why do you need a parlay odds calculator?

Parlay bets are some of the toughest sports bets that you’ll get to make. The payouts might be spectacular, but chances are that you might lose if you get a parlay bet wrong. This is why our team of have developed an amazing parlay calculator. It means that you can get specialist know-how in understanding whether that parlay bet will be successful or not. Here are the main reasons why our parlay bet calculator is an essential part of your online betting experience.

Parlay bets are the toughest bets out there

There can’t be too many things that are harder to get right than a parlay bet. Seriously, we’ve seen players quaking in their boots at the sight of a mere four-team NBA bet. This is because even the smallest parlay bet will have odds that combine to seem too good to be true. It’s hard enough just to get one sports bet to win, never mind getting each selection in that 12-team NFL bet to work out right. Remember that it takes just one selection in your parlay bet to fail.

It’s hard to calculate winnings

On the plus side, parlay bets are great fun as they can occasionally help you land massive wins without you having to spend much on your betting stake. However, this still requires a bit of brain work and effort to try and figure out what kind of returns you’ll get from your parlay bet. After all, you’ll be multiplying the odds of each parlay selection together, along with your original betting stake. If you’re using the American odds format, then you’ll have little hope of knowing how much you’ll get paid if you win your bet. But our parlay odds calculator can come to the rescue to tell you exactly what kind of payout you’d get.

You’ll know how many selections to include

It’s great fun building a parlay bet. This is especially true with our bet calculator as it allows you to quickly chop and change each of the selections. You can add a selection at longer odds and watch your potential payout skyrocket. Or you could replace that selection with one at shorter odds and see how your overall parlay is much more likely to succeed. All of this shows how our parlay bet calculator is an invaluable tool for attempting this fiendishly tricky bet.

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Examples of why a parlay bet calculator is a must

Sometimes explaining the laws of sports betting is better served with an example, rather than getting overly theoretical. So we thought that we should give you a few quick examples of how our parlay odds calculator works in action. From here, you’ll be able to take on pretty much any parlay bet.

Enjoying a parlay bet in the NBA

Let’s say you wanted to bet on the Lakers, Warriors, Knicks and the 76ers to all win their NBA games this weekend. You’d simply use our bet calculator and select parlay as the preferred bet type. From here, you could type in the decimal odds for each of the four teams, which for this example would be 2.00, 3,00, 4.00 and 5.00 respectively. Now you would get to enter your betting stake of $10. Next our parlay bet calculator would work its magic and you’d see that your potential payout would be $1,200. A good chunk-sized win for a relatively small betting stake.

However, you weren’t sure that you wanted to chance your luck on the out of form 76ers. So you could use our parlay bet calculator to remove the 76ers from the parlay. Here your potential payout from this three-team parlay went down to $240. But you could then use our parlay calculator to reconfigure your betting stake to $20. This would boost your potential payout to $480, making it a respectable payout for a parlay bet that was much more likely to win. All of which shows the power of our parlay calculator.

Making parlays on the NFL

Imagine that you wanted to bet on the opening round of the NFL season. You decided to liven things up by putting down a parlay bet on the 49ers, Broncos, Raiders, Giants and Bears to all win. These teams had American odds of  -100, -50, +150, +200 and +100 respectively. Once again, you decided to put down a $10 betting stake.

You’d simply enter all of this information in our parlay bet calculator and find that winning your five-team parlay would give you a payout of $900. However, you were thinking that it wouldn’t hurt to try your luck a little further. So you decided to add another bet to your parlay to make it a six-team parlay. This meant adding the Cleveland Browns to win at odds of +100. This took the overall payout all the way up to $1,800, but it meant that you’d stand a smaller chance of winning your bet overall.

Tips for using a parlay payout calculator

Add more low odds selections

Use our parlay calculator to play around with selections to see how many you can realistically fit in your parlay bet. Chances are that most of us won’t have parlay bets with more than a handful of selections. But it can be great fun to use our parlay odds calculator to see what odds you’ll be up against if you keep adding selections. Don’t forget that including multiple low odds favorites is the best way to keep your massive parlay bet under control.

Try fewer selections with longer odds:

Our parlay bet calculator also offers you an excellent way of focusing in on those selections that have higher-than-normal odds. You’ll have to keep the number of such selections to a bare minimum, but our parlay calculator helps you keep the overall odds under control. Remember that even a four-team parlay requires a fair amount of luck, so you can use our bet calculator to make sure that your selections focus on likely contenders rather than rank outsiders.  

Get realistic about your payouts:

It’s pretty easy to get a little starry-eyed when you put down a parlay bet. After all, this kind of bet is capable of generating some big payouts. But it’s important not to get too greedy in thinking how much you can make from your parlay bets. Most online sportsbooks will impose a cap on the maximum winnings you make, and it’s a good idea to check this out before you construct that 20-team parlay. Thankfully our parlay bet calculator gives you a quick and easy way to see when you might be getting carried away with this kind of bet.

Other bet calculators we offer

You’ll encounter plenty of betting challenges whilst browsing online betting providers. The good news is that our teams have been hard at work creating bet calculators for every challenge. From simple football bets to advanced hockey spread bets, you’ll find that our bet calculators are perfectly designed to help you balance risk and payouts. Take a look below at just a small selection of the bet calculators and converters we can offer you:

Hedging calculator: Perhaps the finest example of our bet calculators on offer. This awesome piece of kit makes hedge betting supremely simple. It gives you a great way to balance the odds between the bets that you back and lay. As such, you’ll be perfectly prepared to hedge your bets with confidence. We think that this bet calculator is great for futures bets, but it’s flexible enough to handle even the toughest and most complex of bets.

Betting odds converter: You’ll probably encounter plenty of different betting odds formats on your online betting journey. American odds, decimal odds and fractional odds are just some of the formats you’ll face. This is why we’ve created an awesome betting odds converter. You can use this and instantly know what kind of price you’re getting from even the most obscure odds format. Perfect for exploring online providers on the hunt for the most competitive odds!

Spread to moneyline converter: Should you put down a money line bet or raise your game with a spread bet? This question will be settled once and for all with our spread-to-moneyline converter. You’ll be given a fast and simple way to see the estimated money line for a specific point spread. It’s a simple enough premise, but we think that it can be invaluable. After all, you’ll never know when the money line bet could hold greater value than by seeing what our awesome spread to money line converter has to say.

Conclusion – Use our parlay calculator to improve your game!

We’re pretty sure that our parlay odds calculator will be an invaluable tool. It’s flexible enough for even the toughest parlay bets. This means that you can pack together anything from a four-team NFL parlay to a 15-team NBA parlay without too much stress.

After all, our parlay odds calculator will automatically show you the odds you’re up against, along with whatever payouts you might get. This gives you the flexibility you need to balance risk and reward with this complex sports bet. So be sure to pack our parlay calculator to make sure that your gaming pastime is a lasting success!

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Parlay calculator FAQ

❓ What do parlay calculator decimal odds mean?

Read our guide to using a parlay odds calculator to understand what the decimal odds refer to. All good betting calculators should allow you to use an odds format that works for you. As such, you might be able to switch between a decimal, fractional or American odds format. So be sure to use our parlay odds calculator that will let you input odds and calculate payouts in a format that you understand.

🏈 What do 12 team parlay odds look like?

You might want to put down a 12 team parlay bet in anything from the NFL and NBA to the NHL or even the MLB. But it’s essential that you understand what odds you’ll be up against when you try this kind of sports bet. So check out our parlay bet calculator that gives you a quick and easy way to figure out what kind of odds you’ll be facing and what kind of payout you can expect to get a 12 team parlay. 

👀 Where can I get a parlay calculator download?

There are many places on the internet where you can download some parlay software. However, you should know that you can use our parlay calculator direct from our website without having to download any software. This parlay odds calculator is like any good sports betting odds calculator but it is specially formatted to reveal the odds and potential payouts of this tricky sports bet.

🏀 What 4 team parlay combinations should I try?

Picking a four team parlay is great fun but it can also be tricky to get right. However, things get much easier if you use our parlay calculator. This gives you a fast and simple way to input the odds for the four teams that you’re thinking of including. From here, you’ll be able to instantly see the combined odds and the potential payout. Perfect for seeing whether you should alter the selection of the teams in your parlay.

💪Where can I get a MMA parlay calculator?

Check out our parlay odds calculator that’s perfectly suited for parlay betting on any MMA bout. It’s as easy to use as any decent sportsbetting odds calculator, but is packed with extra features that make it well-suited to parlay bets. This means that you get to chop and change the selections in order to get a parlay that’s ready for even the toughest UFC Fight Night challenge.

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