When you’re betting parlays, the deck is stacked against you in more ways than one. The odds can increase exponentially the more legs you add, but the true odds of hitting every leg in a parlay will be a little higher than the odds you are given (e.g., the sportsbook will always have the better end of the bet in a parlay). Parlay odds are created by taking a blended combination of the individual odds that make up the parlay bet.
Sportsbooks will automatically calculate parlay payouts for you, or you can use our parlay calculator. Since parlays are the combination of several individual bets, calculating parlay odds isn’t as straightforward as picking a money line or spread for a single game. The more “legs” (individual bets) there are on a parlay, the bigger the payout. For example, if your parlay has 10 over/under picks, and you get 9 of them right - you’ll still lose the bet. As such, every individual bet within the parlay has to hit in order for you to win. A parlay is treated as one big bet, even though it is made up of several individual bets. If all of the individual bets in a parlay hit, then the payout is much bigger. Parlay Calculator - Best Parlay Odds What is a Parlay?Ī parlay is a type of bet in which multiple individual bets are combined to form one larger bet.
