For example, a 5-team round robin bet at most 4-ways would consist of 25 bets in total (5 4-team parlays, 10 3-team parlays, and 10 2-team parlays). This calculator determines the maximum win. For example, a 5-team round robin bet at most 4-ways would consist of 25 bets in total (5 4-team parlays, 10 3-team parlays, and 10 2-team parlays). This calculator.
Most gamblers don’t care how a Parlay Calculator works.
Try our 15 team parlay calculator now. Free Parlay Calculator. Parlay Calculator. To use this calculator, enter a bet amount and the odds on every leg of the parlay, up to 15 legs. For even money, put in 100 or -100. Do not enter anything other than numbers, including the dollar sign. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected. In order for the parlay bet to win, every one of the wagers must win or push (tie).
But not you.
You are better than most!
On this page you’ll learn how a parlay calculator works and different strategies for improving your gambling skills. Here's the plan:
- How is a parlay calculated.
- Why should I care?
- What is a Parlay Bet?
- Parlay Odds Table.
- Getting Started with Parlay Tips
How is a Parlay Calculated?
Lets start with the math.
The parlay formula is straight forward. You multiply the wager amount along with the decimal odds for each team/fighter then subtract the wager amount.
UFC Parlay Calculation Formula
- Edson Barboza at 1.60
- Israel Adesanya at 2.90
- Max Holloway at 1.40
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
For all of us in the US, it’s a bit more complicated because we don’t see decimal odds very often. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula.
The money line-to-decimal formula is straightforward:
- Favorites - A negative value (-250) money line divide 100 by the number. 100/250 = .4
- Underdogs - A positive value (+180) money line divide the number by 100. 180/100 = 1.8
- Add 1 to the value for both favorites and underdogs.
- Plug these numbers into the parlay formula mentioned above.
Money Line Parlay Calculation Example
- Edson Barboza -165
- Israel Adesanya +190
- Max Holloway at -255
Steps 1 & 2.
16 Team Parlay Calculator
- Edson Barboza 100/165 = .60
- Israel Adesanya +190/100 = 1.90
- Max Holloway at -100/255 = .40
Step 3 - Don't forget to add the 1.
3 Team Parlay Payout
- 1.6
- 2.9
- 1.4
Step 4 - Plug the numbers into the parlay calculator formula.
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
![10 Team Parlay Calculator 10 Team Parlay Calculator](/uploads/1/3/5/7/135769365/774807448.jpg)
Why Should I Care How the Parlay Calculator Works?
You should compare the results from this formula to what your sports book is paying to verify you’re getting the proper value on your wagers. If not, consider moving your business elsewhere.
An educated gambler is always a better gambler and with a thorough understanding of basic parlay principles you’ll soon spot profitable opportunities while recognizing common money pits.