Parlay Betting Odds Calculator: Work Out Your Potential Winnings

For bettors who want to skip the complicated math and just get straight to the fun part—calculating their possible bookmaker winnings—the parlay calculator is a lifesaver.

How does our parlay odds calculator work?

To make the process of combining numerous individual wagers into a single wager more straightforward, the parlay calculator odds is extremely helpful. During the process of calculating potential parlay winnings, users input the total stake and odds for all selections. The results of this calculation are displayed along with the total number of selections, total profit, and potential payout using the parlay formula.

Parlay Calculator

Currency settings: USD
Parlay Total Wage
The total stake on multiple bets, all of which must win for the parlay to pay out.
Bet #1 Odds
Bet #2 Odds
Parlay Odds
Total Profit
Total Payout

Example of a calculator parlay bet

Using $10, a bettor can place $5 individual bets on the Kansas City Chiefs (+4) and the New York Giants (-6) if they believe these teams will cover their spreads on an NFL Sunday. The payout is approximately $19 if both come through. The bettor can increase their chances of winning by 2.65 times by combining these bets. Possible results could look like this:

  • Both teams cover: Win ($26.50)
  • Chiefs cover, Giants do not: Loss (-$10)
  • Giants cover, Chiefs do not: (-$10)
  • Both teams do not cover: Loss (-$10)

Are parlay bets worth it?

Betting parlay is popular because the potential prizes can be impressive. There are multiple wagers going on at the same time, which can be exhilarating for the punter. Some pros and cons of this kind of bet are:

  • Greater rewards are on offer.
  • Chance to win big from a small investment.
  • The excitement of having multiple wagers is pretty good, too.
  • Multiple picks increase risk.
FAQ. Frequently Asked Questions
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