Betting Tools : Premium Parlay Calculator
What is a Parlay ?
A parlay is a wager type in which multiple bets are linked together as one. A parlay is treated as one big bet, and every bet or selection within a parlay must-win for the parlay bet to payout. If even one game loses, the parlay loses.
Sportsbooks give you bigger payouts for adding more games to a parlay, but the probability of losing increases as well. It's more difficult to be right 5 times than 1.
How do I calculate a parlay payout ?
Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator below.
Am I getting fair odds on a parlay ?
The true probability of a two-team parlay with both prices at -110 should convert to odds of +300. But you’re only getting +260. Three teams at that price should be +700. But you’re only getting +600.
Parlays are not always bad bets, but you’re never getting a fair shake from a sportsbook.
Parlay vs. True Odds
