Parlay betting, also known as a parley or accumulator, lets you combine multiple individual bets into a single bet. In a parlay, all of your chosen bets must win for you to receive a payout. If any of the chosen bets lose, the entire parlay is lost. The parlay calculator allows you to quickly determine your potential winnings from your parlay picks.
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Parlay Betting
A parlay bet combines multiple individual bets into a single wager, requiring all selections to win for a payout. It offers higher potential winnings but carries increased risk compared to separate bets. Popular in sports betting, parlay bets involve combining outcomes from different games or matches, such as point spreads or moneylines. While they provide an opportunity for significant winnings with a single wager, it's important to note the higher likelihood of losing the entire bet.
How To Calculate Parlay Odds
To calculate parlay odds manually, the easiest way is to first convert the odds to decimal format and then multiply all the decimal odds together. You can use our betting odds calculator to help you convert your odds to decimal format. This will give you the combined odds for your parlay. Finally, you can calculate the potential total payout by multiplying the combined odds by your bet amount. Remember to subtract your original wager to determine the profit.
For example if you wanted to combine two bets into a parlay. Bet #1 has odds of 1.5 (-200) and Bet #2 has odds of 2 (100). You would multiply 1.5 * 2 = 3 (+200).
When a game included in a parlay bet is cancelled or postponed, the impact on the bet depends on the rules of the sportsbook or betting provider. If the cancelled or postponed game is the only selection in the parlay, the bet is typically voided, and the stake is returned. If other active selections remain, the parlay is recalculated without the affected game, adjusting the odds and potential payout accordingly.
Some sportsbooks may keep the parlay active if the game is rescheduled within a specific timeframe, including the outcome of the rescheduled game in the final determination of the parlay's outcome. It is important to familiarize yourself with the specific rules of your sportsbook to understand how they handle game cancellations within parlay bets.