Parlay Calculator

The Parlay Calculator allows users to input their bet amount and selection odds to calculate the total parlay odds, potential payout, and potential profit for up to an 8-team parlay.

Use Our Parlay Calculator

Step-by-Step Guide to Using the Parlay Calculator

1. Entering Your Bet Information

To begin using the Parlay Calculator, start by filling in the initial details of your bet:

  • Bet Amount ($): Locate the field labeled “Bet Amount ($)” and enter your desired bet amount. Ensure that this value is at least $0.01.
  • Number of Teams/Events: Choose from the dropdown menu the number of teams or events you wish to include in your parlay. Options range from a 2 Team Parlay to an 8 Team Parlay.

2. Inputting the Odds for Each Selection

Next, you need to input the odds for each selection in your parlay. The calculator accepts American odds format (e.g., -110, +150):

  • Odds for Selection 1: Enter the odds for the first selection.
  • Odds for Selection 2: Enter the odds for the second selection.
  • Subsequent Selections (if applicable): Continue entering the odds for each subsequent selection based on the number of teams/events you selected. Only fill in the fields for the number of selections you have chosen.

3. Understanding the Results

  • Total Parlay Odds: The calculator will compute the combined odds for all selections in your parlay bet. This is displayed in the “Total Parlay Odds” field and will appear with a “+” sign if applicable, formatted to two decimal places.
  • Potential Payout: Based on your bet amount and total odds, the calculator will display the potential payout in the “Potential Payout” field. This is the total amount you stand to win if all selections are correct.
  • Potential Profit: Finally, you can view your potential profit in the “Potential Profit” field, calculated as the potential payout minus your initial bet amount. This helps you see your net gain should your parlay be successful.

4. Final Steps

Review all the entered information to ensure accuracy. Adjust the bet amount, number of teams/events, or odds as needed to reflect your betting strategy. The calculator will automatically update the results based on any changes.

Using this Parlay Calculator allows you to easily assess the potential payout and profit from your parlay bets, ensuring you can make informed wagering decisions.