by Doc's Sports
Below is a free Parlay calculator from Doc’s Sports. A parlay calculator can be a very useful tool when trying to determine the value of a parlay bet. To use this particular parlay calculator is very easy. First, type in the moneylines for each of the different wagers that you are including in your parlay. If you are trying to parlay games with spreads just type in -110 – unless your book has the juice as something different – for that wager against the spread. Next, change the amount in the “Risk” section of the parlay calculator to reflect how much you are looking to bet on this particular parlay. Finally, click “Calculate” and the parlay calculator will produce a figure in the “Payout” section that would reflect how much you are going to win for this particular bet.
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Get the correct parlay payout in 3 easy steps below: #1 Select the amount of teams / bets you will be playing in your parlay. #2 Enter the odds for each selection. #3 Enter the amount you want to bet in the “Bet Amount” and the payout will be calculated automatically for you below! How to calculate a parlay. A parlay bet is a form of accumulator bet where individual wagers are combined into the one bet. The winning return of a parlay is calculated by multiplying the odds of each individual outcome. For example, a $10 three-leg parlay bet where the odds of each selection is: $5, $2 and $4 will cost $10 and return a winning dividend of 10 x (5 x 2 x 4) = $400. Although all sportsbooks will automatically calculate the total odds for your parlay picks, you may want to know more about the process. This is why a parlay calculator comes in quite handy as it allows you to do the maths on your own and see whether the odds you are getting from a sportsbook are completely accurate.
For example:
Let’s say I wanted to use the parlay calculator to figure out how much a $50 wager on a 3-team parlay would pay out. I want to parlay three football games: the money lines for the Chicago Bears (-120) and Pittsburgh Steelers (-200) and then an against the spread wager on the New York Giants (-7).
First, I would type into the parlay calculator -120 (for the Bears), -200 (for the Steelers) and -110 (for the Giants, since the standard juice on any spread bet is -110).
Next, I would change the “Risk” amount to 50 to represent my $50 parlay.
Finally, I would hit “Calculate”. In the “Payout” section the result is 212.5. That means for my $50 risk amount the parlay calculator tells me I should be getting back at least $212.50.
This parlay calculator is a useful tool and is just another way that we here at Doc’s want to offer you every possible advantage to help with your gambling success.
Parlay Calculator For Sports Betting Odds
If you'd like a few parlay betting tips, Doc's Sports offers free parlay picks for every major sport daily on the following pages. NFL, College football, NBA, College Basketball, MLB, NHL. Look for the articles by our very own Parlays Pundit. We think you'll enjoy his work.