Betting Tools : Premium Parlay Calculator

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.

Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator below.

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.