Parlay Calculator

What is a Parlay Bet?

A parlay, also known as an accumulator or combo bet, is a single bet that links together multiple individual wagers for a higher potential payout. For a parlay to win, all of the individual selections within it must win.

The appeal of parlays lies in their potential for large payouts from relatively small stakes. This is because the odds for each selection are multiplied together, leading to much higher potential returns than placing individual bets.

This calculator helps you determine the potential payout from a parlay bet based on your stake and the odds for each selection.

Calculate potential parlay payouts by entering your stake and the odds for each selection.

Stake

Odds Format

Decimal Fractional American

Selections

Win Probability

Parlay Results

Total Stake

$10.00

Total Return

$90.00

Total Profit

$80.00

Parlay Odds

Decimal

9.00

Fractional

8/1

American

+800

Parlay Win Probability

11.11%

Based on your estimated probabilities

Selection	Odds	Implied Probability	Your Probability

Parlay Betting Tips

Keep your parlays small - The more selections you add, the harder it becomes to win. Consider limiting to 2-4 selections.
Look for correlated outcomes - Finding bets that are positively correlated can increase your edge in parlays.
Consider the odds boosters - Some bookmakers offer enhanced odds on certain parlays, which can improve your expected value.
Shop for the best odds - Even slight improvements in the odds of each selection can significantly increase your potential payout.
Understand parlay odds calculation - Know that bookmakers may apply a discount to parlay odds compared to the true multiplied odds.
Consider using a hedging strategy - If most of your parlay legs have won, you might want to hedge the last leg to secure a profit.

Parlay Calculator

What is a Parlay Bet?