Work out your parlay odds in our easy to use parlay calculator. Save time working out your potential payout. We have created a beautiful free parlay calculator and you have the option to add up to 15 bets. So if you like to go big, we have you covered! Try our 15 team parlay calculator now.
Free Parlay Calculator
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What is a Parlay Calculator?
A Parlay Calculator is a tool that works out your parlay wagers payout.
It’s not an easy task to work out a two team parlay never mind 15! So a parlay calculator is an essential tool for all bettors.
What is a Parlay?
A parlay wager consists of at least 2 selections. For example; ORL Magic @ -185 and HOU Rockets @ -105. Each selection has it’s own odds but by placing both selections in to a parlay wager, the odds increase as both selections must win. If both don’t win, you lose.
in this example, if the 2 team parlay won (Both the rockets and magic won) a stake of $100 would return a payout of $300.77. You staked $100 so your profit would be $200.77.
Had you have bet these individually it would look like this;
$100 stake @ -185 = $154.05 Payout
$100 stake @ -105 = $195.23 Payout
So in total you would receive $149.28 profit. Compare that to the parlay profit of $200.77, you can see why parlay betting is so appealing.
Parlay Odds
The total odds of your parlay are determined by the individual odds of your bets. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. Otherwise known as ‘Pick em’ markets. Find out your 12 team parlay odds or 15 team parlay odds with our free parlay calculator above.
Best Parlay Betting Markets
If you want to win big money, then it’s good to opt for the point spread or totals as you can pick up -110 on these betting markets. Add 5 of these in a parlay and the potential payout soon stacks up!
However, if you want to play a little tighter I would suggest playing the favourites on the money line. Much lower returns but it will give you a better shot of winning.
Mix them up
I am a big fan of mixing the bets up in my parlays as that’s where the best value is. Go cross sports if you want to find the best value! Being selective is the golden rule when it comes to winning parlays so go hunting through the fixtures of each sport to find the stand out bets.
I would happily throw in bets on the money line, point spread and the totals in to one parlay. There is always value to be had, you just have to find it.
Check out our learn page with advise and strategies to win at Parlay betting.