# Free Sports Betting Parlay Calculator

1. Enter the money line price, you do not have to enter the + sign on underdogs. ( Enter favorite prices with the minus sign Example -110 )
2. Enter the single bet amount.
3. Hit the calculate button.
4. Add multiple fighters/teams into the parlay odds calculator.
Fighter/Team Money Line Factor
Bet (\$)
Your Winnings: \$ {{ getDate() }}

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## Parlay Calculator Guide

Most gamblers don’t care how a Parlay Calculator works.

But not you.

You are better than most!

On this page you’ll learn how a parlay calculator works and different strategies for improving your gambling skills. Here's the plan:

• What is a Parlay Bet?
• Parlay Odds Table.
• How is a parlay calculated.
• Why should I care?
• Getting Started with Parlay Bets

## What is a Parlay Bet?

I've been around gambling my entire life but still remember the first time learning about a parlay, but that's another story. Although I know the answer, I started from scratch and did a little research. First the basics.

The standard parlay is a single wager that includes a combination of selections(teams/fighters). In order to win the parlay, all the individual bets must win. The potential payout is much larger than picking a single winner and grows exponentially as more selections are included into the parlay. (see accompanying graph).

Here's an example of a simple parlay:

• Bet \$100 parlay on Amanda Nunes +200 & Alexander Gustafsson +230.
• Both Nunes & Gustafsson win and collect \$890 in profit.
• Either Nunes or Gustafsson lose and you've lost the bet.

In contrast, by betting \$100 on both Nunes and Gustafsson straight up, you stand to win a total of \$430 - while risking \$200.

## Parlay Odds Table

Fighters Vegas Payout Online Payout
2 2.6/1 2.6/1
3 6/1 6/1
4 10/1 12/1
5 20/1 24/1
6 40/1 47/1
7 75/1 91/1
8 150/1 175/1

## How is a Parlay Calculated?

The parlay formula is straight forward. You multiply the wager amount along with the decimal odds for each team/fighter then subtract the wager amount.

For all of us in the US, it’s a bit more complicated because we don’t see decimal odds very often. So we first need to convert the money line odds to decimal format then plug them into our parlay formula.

The money line-to-decimal formula is straightforward:

1. Favorites - A negative value (-250) money line divide 100 by the number. 100/250 = .4
2. Underdogs - A positive value (+180) money line divide the number by 100. 180/100 = 1.8
3. Add 1 to the value for both favorites and underdogs.
4. Plug these numbers into the parlay formula mentioned above.

## Why Should I Care How the Parlay Calculator Works?

You should compare the results from this formula to what your sports book is paying to verify you’re getting the proper value on your wagers. If not, consider moving your business elsewhere.

An educated gambler is always a better gambler and with a thorough understanding of basic parlay principles you’ll soon spot profitable opportunities while recognizing common money pits.

## Getting Started with Parlay Bets

The basics of the parlay calculator have been explained, and you’ve seen how the odds on parlay betting works. Now you're ready to give those big odds a chance and cash in some fat payouts, as a serious MMA bettor mastering the parlay is a key component to long term profitability.

One major benefit of parlay betting is ties or pushes reduce down the number of bets and related odds within your parlay. Unfortunately as a UFC bettor, that's not the case unless the fight ends up as a no decision. The good news is you can combine events or even different sports within the same parlay, which gives you great flexibility when building a winning combination. For example you can do the following:

Multiple event parlaying is an outstanding first step in expanding your MMA betting skills. Start by choosing the fighters you have the highest confidence of winning regardless of which event they're in. Parlaying your best picks on multiple events may not give you a quick payoff, but you will win a higher percentage of bets while you're learning the basics of UFC wagering.

### Important Details

1. Start small - Start your parlay bets small, 25% of your regular straight bet. The big payouts can be tempting, but play it safe until you get a feel for how often you win/lose your parlays.
2. Start small again - Personally I'd stick with 2 or 3 team/fighter parlays for a majority of the time. At first stay away from the 5+ combinations, odds are you won't win many of those - especially as an inexperienced bettor. It's very frustrating, and torturously common, to hit 5 legs of a 6 bet parlay. Unfortunately 5 of 6 is the same as 0 for 6... loser.

## Higher Payouts on Heavy Favorites

In UFC events you often have high profile fights where one fighter is such a big favorite there is no value in betting on him/her - the payoff is not worth the risk amount. A recent example is the UFC 259 co-main event between Amanda Nunes (-950) vs Megan Anderson (+550). This fight offered no value on either fighter.

If you're looking for a larger payout you could have made a two team parlay wager: Nunes + fight ends Inside-the-Distance. This two team parlay would have pushed your odd up to a playable +110. Note: This kind of parlay is so common many sports books bundle them together and offer them as a straight bet.

## Common NFL Parlay Payouts

Sports bettors in the United States wager on the NFL far more than any other sport or league. NFL games are handicapped with a point spread so that gamblers can wager on either team to win even money (approximately) on a single game.

Here' s a quick look at the payouts for the most common parlay bets made.

### How much does a Two-Team Parlay Pay?

For a typical \$100 wager on a 2 team parlay you can expect to win \$260, which is a multiplier of 2.6x. So a \$5 parlay would return \$5 x 2.6 = \$10.30.

### What does a \$100 3-Team Parlay Payout?

For a typical \$100 wager on a 3 team parlay you can expect to win \$600, which is a multiplier of 6x. So a \$50 parlay would return \$50 x 6 = \$300.

### How much does a Four-Team Parlay pay?

For a typical \$100 wager on a 4-team parlay you can expect to win \$260, which is a multiplier of 2.6x. So a \$5 parlay would return \$5 x 2.6 = \$10.30.