Here’s a slightly more complicated example. In American odds, 5.97 is +597, meaning this parlay pays nearly 6-1.Įxample #2: Betting 3 Favorite NFL Teams on The Moneyline Parlay So if you're parlaying three NBA ( Warriors, Lakers, and Miami Heat) teams at - 110 in American odds, your formula looks like this, since - 110 in decimal odds is 1.91. Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above. It's more difficult to be right 5 times than 1. Sportsbooks give you bigger and bigger payouts for adding more games to a parlay, but the probability of losing increases as well.
If even one game loses, the parlay loses. A parlay is treated as one big bet, and every bet or selection within a parlay must-win for the parlay bet to payout.
Parlay Calculator, Parlay Betting Odds FAQ & Examples What is a parlay bet?Ī parlay is a wager type in which multiple bets are linked together as one.
