Parlay Payout Calculator

How to Use the Parlay Payout Calculator

The Parlay Payout Calculator is designed to help you compute the potential payouts and profits from parlay bets. Follow the steps below to use this calculator efficiently.

Step 1: Enter Bet Amount

• Find the input field labeled Bet Amount ($).
• Enter the amount you wish to place as your bet. Make sure it’s a positive number greater than or equal to $0.01.

Step 2: Select Number of Selections

• Locate the dropdown labeled Number of Selections.
• Select the number of teams you have in your parlay by choosing an option ranging from a 2 Team Parlay to an 8 Team Parlay.

Step 3: Enter the Odds for Each Selection

• Depending on the number of selections you chose, enter the odds for each corresponding selection in the fields labeled Odds Selection 1 to Odds Selection 8.
• For each selection, type in the odds, which can be either negative or positive (e.g., -110, +150).
• Ensure that you enter the odds for the number of teams specified. For instance, if you picked a 3 Team Parlay, only fill out the odds fields for the first three selections (Odds Selection 1, Odds Selection 2, Odds Selection 3).

Step 4: Calculate the Results

• Once all required inputs are filled, the calculator will display the results under the result fields section.
• Look for the Total Parlay Odds field to see the overall combined odds for your parlay bet.
• The Potential Payout field shows how much you could win in total, including your initial bet amount.
• Finally, the Potential Profit field indicates how much profit you stand to gain, which is the potential payout minus the initial bet.