Parlay Calculator
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Parlay Bets Explained
An Parlay Bet, is a wager placed on the outcome of two or more different selections. All selections must win to receive a payout. If any one of the selections loses, the entire bet is lost.
This type of bet is popular in America and Canada, and is equivalent to an Accumulator in the UK.
Parlays offer significantly higher potential payouts compared to single bets because the winnings from each selection roll over into the next. Try different combinations of selections on the Parlay calculator to see how your bet could play out.
Parlay Example
Here’s how a four selection accumulator would work. Imagine you place an accumulator bet on four NFL matches with the following odds:
Cincinnati Bengals to win: +300
Miami Dolphins to win: +200
Denver Broncos to win: +400
Chicago Bears to win: +500
If you place a $10 Parlay, your potential payout is calculated as follows:
- First selection return: $10 × (+300 odds) = $40 (including stake)
- Second selection return: $40 × (+200 odds) = $120 (including stake)
- Third selection return: $120 × (+400 odds) = $600 (including stake)
- Fourth selection return: $600 × (+500 odds) = $3,600 (including stake)
Total Return: $3,600
Total Profit: $3,600 – $10 stake = $3,590
If any of the four teams fail to win, you lose your $10 stake. You can see how the odds stack up to give a large return on a relatively small stake.
Pros and Cons of a Parlay Bet
Pros
✓ Higher potential returns – Parlay bets offer larger payouts compared to single bets because the winnings from each selection are reinvested into the next selection.
✓ Excitement – Waiting for multiple results can make parlays more exciting than single bets, and add interest to sporting events you may not otherwise take an interest in. Combining many selections with long odds can add to the excitement too, as the return could be a life changing amount of money.
✓ Increased value – If you are able to correctly identify ‘value’ selections, combining them in an parlay can enhance your value.
Cons
❌ Increased risk – Since all selections must be correct, one loss results in a total loss.
❌ No payout for partial wins – Unlike bet types that allow smaller payouts if some selections win, parlays require every selection to be correct.
❌ Can Be Difficult to Win – The more selections included, the harder it is to achieve a winning bet.
While parlays can deliver big payouts, each added selection decreases the odds of winning. The can add extra excitement when you’re following multiple games — just remember, the higher the return, the less likely it is to pay out.
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