Parlay Calculator

A parlay bet combines multiple individual bets into one wager. All legs must win for the parlay to pay out, but the potential payout is significantly higher than betting each leg separately.

Understanding the Results

• Combined Odds: The total odds of your parlay in American format
• Decimal Odds: The multiplier applied to your wager
• Implied Probability: The mathematical chance your parlay hits based on the odds
• Total Payout: Your wager plus profit if all legs win

Parlay Strategy Tips

• Parlays have higher variance but can offer significant value
• The implied probability decreases exponentially with each leg added
• Consider "correlated parlays" where outcomes are related
• Professional bettors typically limit parlays to 2-4 legs