Professional Parlay Odds Calculator
Calculated Results
Total Odds (Decimal)
0.00
Total Odds (American)
0
Total Profit
$0.00
Total Payout
$0.00
How to Use the Parlay Odds Calculator
A parlay bet combines multiple individual wagers into one single ticket. To win a parlay, every single leg of the bet must win. Because the risk is higher, the payout is significantly larger than placing individual bets.
Calculating Parlay Odds Manually
To calculate parlay odds, you must first convert American odds to Decimal odds. American odds are expressed as positive numbers (underdogs) or negative numbers (favorites).
- Positive Odds (+): (Odds / 100) + 1
- Negative Odds (-): (100 / |Odds|) + 1
Once converted, multiply all the Decimal odds together. Multiply that final number by your wager to get the total payout.
Example Calculation
Imagine a 3-team parlay with the following American odds and a $100 wager:
- Team A: +150 (Decimal: 2.50)
- Team B: -110 (Decimal: 1.91)
- Team C: +200 (Decimal: 3.00)
Total Decimal: 2.50 × 1.91 × 3.00 = 14.325
Total Payout: $100 × 14.325 = $1,432.50
Total Profit: $1,332.50
Common Parlay Terms
| Term | Definition |
|---|---|
| Leg | A single individual bet within a parlay. |
| Push | When a game ends in a tie. In parlays, a push usually removes that leg and reduces the odds. |
| Juice/Vig | The commission the sportsbook takes on a bet. |