Oddsjam Parlay Calculator

Parlay Calculation:

\[ \text{Parlay odds} = \prod_{i=1}^{n} \text{Individual odds}_i \] \[ \text{Payout (\$)} = \text{Parlay odds} \times \text{Stake (\$)} \]

Stake ($):

USD

Odds 1 (Decimal):

Odds 2 (Decimal):

Odds 3 (Decimal):

Odds 4 (Decimal):

Parlay Odds (Decimal):

Payout ($):

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1. What is a Parlay Bet?

A parlay bet combines multiple individual wagers into one bet. All selections must win for the parlay to pay out. The potential payout is higher than placing each bet individually because the odds are multiplied together.

2. How Parlay Odds Work

The calculator uses the following formulas:

\[ \text{Parlay odds} = \text{Odds}_1 \times \text{Odds}_2 \times \cdots \times \text{Odds}_n \] \[ \text{Payout} = \text{Parlay odds} \times \text{Stake} \]

Where:

Odds — Decimal odds for each individual bet
Stake — Amount wagered on the parlay
n — Number of bets in the parlay

Example: A 3-team parlay with odds 1.5, 2.0, and 1.8 with $100 stake would have total odds of 5.4 (1.5 × 2.0 × 1.8) and payout $540.

3. Using the Calculator

Instructions: Enter your stake amount in USD and at least two decimal odds. The calculator will compute the combined parlay odds and potential payout.

4. Parlay Betting Strategy

Key Points: While parlays offer higher payouts, they have lower probability of winning than single bets. Consider correlation between bets and avoid adding too many legs to your parlay.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between decimal and American odds?
A: Decimal odds represent total payout per unit staked (2.0 = double your money), while American odds show profit relative to 100.

Q2: How many bets can I include in a parlay?
A: Most sportsbooks allow 2-15 legs in a parlay, with diminishing returns as you add more bets.

Q3: Do all sportsbooks offer the same parlay odds?
A: No, some books offer parlay bonuses or different multipliers. Always shop for the best odds.

Q4: What happens if one leg pushes (ties)?
A: Typically, the parlay reduces by one leg (a 3-team becomes a 2-team parlay).

Q5: Are parlays good for long-term profit?
A: Generally no - the house edge compounds with each added leg. They're better for entertainment than consistent profit.