Parlay Payout Example: Let’s take a look at an example with a parlay that includes three bets. You plan on making a $50 wager. The first game you want to include in the parlay is Game 1 with a moneyline odd of -135, the second game is Game 2 with a moneyline odd of +155, and the third game is Game 3 with a moneyline odd of -220. For example, the true odds of winning a three-team parlay when making point spread wagers are 7-1, while the payoff is only 6-1, and it gets worse as you bet more teams. The true odds of hitting a 10-team point parlay are 1,023-1, while the payoff is generally around 600-1, so a parlay bettor is at a big disadvantage. 'Tons of big winners on Saturday, but this bettor takes the cake. He turned $60 into $80,000 with a 20-team college football parlay.' This college basketball bettor cashed a 12-team parlay yesterday! The genius turned $5 into $12,000!' For casual bettors, hitting this type of epic parlay is the ultimate dream.
Free Parlay Calculator and Parlay Odds:A parlay is ONE single bet that combines TWO or more individual bets that result in higher payouts. TWO team parlays should pay 2.6/1 at standard -110 betting odds, THREE team parlays 6/1, and FOUR team parlays 10/1; increasing with higher payouts the more sides and/or totals you select for your parlay bet.
Because a parlay is considered ONE single bet combining TWO
Parlay Payout Table
or more individual wagers, for your parlay bet to win, EVERY ONE of the sides or totals incorporated in your parlay bet must win or push (tie) for you to cash your investment. If any of the selections LOSE, your parlay bet loses, regardless of the outcome or cancellation of the other games. If one or more selections end in a tie, is postponed, incomplete, cancelled or rescheduled for another day, then the parlay bet reverts to the next lowest number. For example: if you placed a FIVE-team parlay and have 4 winners and a push (tie), your parlay bet pays out as a FOUR-team parlay. If you place a TWO-team parlay and one of the teams wins and one ties, the wager simply becomes a straight bet.12 Team Parlay Calculator 2020
In the boxes beside “LEG” enter the money line odds of each game you want to incorporate in your parlay bet. If you choose a favorite, you must enter the money line with a (-) sign at the beginning (EX: -125). NOTE: Most standard point spread sports and total wagers have a standard -110 money line odds. If you enter an underdog, simply enter the money line odds; no plus sign (+) is necessary (EX: 125). NEVER include decimal points or ANY currency signs. Ignore ALL boxes not being used in your parlay (leave '0' in each box; they will not be factored into the parlay).Parlay Calculator
Enter the amount of your wager in the box labeled “BET AMOUNT” and click on the blue '
CALCULATE' button. The profit amount of a winning parlay bet will appear below in the “TO WIN” box. The 'TO RETURN” box includes the total amount of money your sports book gives you back INCLUDING your initial risk amount. Be aware that if the odds on every 'LEG' are -110, then the sports book will likely use a predetermined pay table, which seems to always pay worse than if a direct calculation is made, except on 3-leg parlays.