Free Sports Betting Parlay Calculator | Calculate Your Parlay Odds

Calculator to help determine potential payouts in a parlay bet.

Parlays in sports betting are exciting but can be risky. Determining potential payouts without the tedious process of manually adding selections to your bet slip can alleviate some of that risk. That’s where a parlay bet calculator comes in handy.

Why Should You Use a Parlay Bet Calculator?

Having used the calculator many times myself, I can tell firsthand that it is worth using when you are considering placing a parlay bet. Here’s how it has proved beneficial for me:

Optimizing Odds Across Sportsbooks: The calculator streamlined the process of comparing odds from various sportsbooks, helping me identify which one offered the best odds for my parlay.
Calculating Potential Payouts: It allowed me to quickly determine the potential payout for my combined selections, showing whether it was a value play.
Customizing Stakes: The calculator enabled me to experiment with different stake sizes, showing the potential payouts for each, which helped me choose the exact stake I wanted to wager.

How to Use the Parlay Bet Calculator

A sports bet parlay calculator is intuitive and straightforward to use, and you only need to enter a few details to get a full lowdown of your expected payout from a wager.

Here is a step-by-step guide to help you learn how to use a parlay bet calculator:

Step 1: Enter Number of Picks — Choose the number of picks in your parlay.
Step 2: Input Odds — Enter the odds for each selection.
Step 3: Enter Stake Amount — Input the amount you are wagering.
Step 4: Click Calculate — Press the ‘calculate’ button to see the potential payout.
Step 5: Compare Sportsbooks — Use the calculator to compare potential payouts across different sportsbooks.

Using the Parlay Bet Calculator: An Example

During the NFL season, I decided to place a parlay bet with three moneyline selections:

Chiefs (vs Ravens) at -200
49ers (vs Rams) at -100
Broncos (vs Cowboys) at +250

Here’s how I used the parlay bet calculator in this context:

1. Setting Up the Calculator: I selected three as the number of picks and entered each of the above odds into the provided fields.

2. Entering the Stake: I decided to wager $10 on this parlay.

3. Calculating the Potential Payout: The calculator quickly showed that my $10 bet could yield a potential payout of $95.

4. Optimizing with Odds Comparison: To ensure the best return, I used an odds comparison site to find the most favorable lines for my picks. I then entered those into the calculator to identify which sportsbook offered the highest payout.

Using the parlay calculator was an easy decision. It streamlined the process and helped me make a more informed betting choice, maximizing my potential winnings.

What About Other Betting Tools and Calculators?

The parlay calculator isn’t the only betting calculator you can use to add value to your betting activities. We’ve got a range of betting tools available in our arsenal—consider exploring some of them! Anything that helps to improve your betting performance should be seriously considered.