How to use the parlay bet calculator 5o2y6t

To use our parlay odds calculator, you just need to enter your total stake and the odds for each of your selections. You require at least two selections to make a parlay bet, but it can be more, so you’ll see there is an option to add extra rows on our calculator.

Once you have entered the odds for each selection and your total stake, the calculator will show you your expected return, your profit and the overall odds for the parlay bet.

Inputs 4z143y

Here is the data that you need to put into this calculator for it to work:

• Stake - The total amount of money that you would like to bet on your parlay. Note that this is a single figure that will cover all bets combined, not the amount per selection.
• Odds - You need to enter the odds for each of your parlay selections, of which there must be at least two. Below each selection, there is a button you can click to add another one.

Outputs 4b69

Once you have entered all of the above data into our parlay calculator, you will get the following outputs:

• Expected payout - The total amount you will receive if all of your selections win.
• Expected profit - The amount of profit you will make if all of your selections are correct.
• Parlay odds - The overall odds for your parlay bet.

Odds calculator parlay - A step-by-step guide 6u1u5o

Here, we’ll take you through the full process of using our parlay odds calculator:

1. Browse your sportsbook and make your selections
2. Type in the total amount of money you wish to stake
3. Enter the odds for each of your selections, adding extra rows if needed
4. Click the “Calculate” button at the bottom of the page
5. The expected payout, profit, and overall odds for your parlay bet will be calculated instantly

Example of the parlay odds calculator in action 6k6w5a

To give you a working example, we’ve created a same-game parlay bet using an NHL betting line from the DraftKings Sportsbook:

Let’s say we want to back the Maple Leafs to win outright and beat the 1.5 puck line, with over 6.5 goals from both teams. If we were to place a $100 bet, here’s how it would look:

Parlay betting explained 2s6u3i

A parlay bet is a type of wager that involves combining two or more single bets into a single bet. This increases the expected payout and potential profit beyond what you would make if you bet on all of these selections individually.

That’s because the odds for all of the selections are multiplied, which as you can see from the example above, raises them significantly. On the other hand, your risk of losing is also increased because every selection must be correct for your bet to win. Basically if you make one incorrect selection, the whole parlay loses.

How a parlay is different from wagering on each bet individually n1x56

You might be wondering how a parlay is different from backing each selection individually, and in a way, we’ve already answered that question in the section above, but we’ll explore the concept in a little more detail here.

With a parlay bet, you are effectively bundling multiple bets into a single wager. By doing so, you have the benefit of increased overall odds for your bet because the odds for each selection in your parlay bet are multiplied.

If you were to use the same stake, but place each bet individually, the odds and expected payout would be lower, because you lose the benefit of the multiplication factor. However, as you wouldn’t need all selections to be correct to win, this is a less risky approach.

Parlay calculator odds vs accumulators  16536x

Another question that we’re commonly asked is what the difference is between parlay and accumulator bets. Well, in a nutshell, not much.

The only real difference in definition is that a parlay bet can be any combo bet with two or more selections. Meanwhile, accumulator bets usually have at least three selections, but the two are pretty much interchangeable.

Another, and perhaps simpler, way to separate them, is that “parlay” is the preferred term in the US, while “accumulator” or “acca” is more common in the UK and other parts of the world. At the end of the day, however, a parlay is a type of accumulator and vice-versa.

Same-game vs multi-game parlays 532q2q

In the earlier example, we used our parlay odds calculator for a same-game bet, because all of our selections were for one event. The alternative is a multi-game parlay which, as the name suggests, involves combining selections from multiple different games.

If you found this information useful but wish to know more, you can right here.

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Why this parlay payout calculator is useful  2w1r50

If you want to combine multiple bets into a single wager, there isn’t a more useful tool than our parlay odds calculator. Why? Here are the top five reasons:

What other betting calculators are available q1m26

Besides the betting calculator for parlay wagers, we have plenty of other tools right here at PromoGuy US, all of which you can check out below. If you’re not yet at the experience level required for a combo bet like parlay, you can use our moneyline calculator for your single wagers/

For the more advanced sports bettors among you, we have strategy-based calculators that use the Kelly Criterion, Dutiching, and other formulas favored by the pros. In total, we have more than 15 betting calculators to choose from, with more in the pipeline.

All of our free betting calculators at the PromoGuy 346x38

Odds parlay calculator - Conclusion 2e512c

So there you have it, parlay betting explained in full. At the end of the day, not even the brightest mathematician would enjoy calculating the odds for a five-fold parlay on their own.

Basically, if you want to place a parlay bet, then our parlay odds calculator is an absolutely essential tool and it’s super-easy to use. All you need to do is enter your total stake, together with the odds for each selection and our calculator will instantly do the rest.

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Parlay odds calculator FAQ 3r2j2u