A parlay is a single bet that links together two or more individual wagers for a high payout.
For Fixed Odds Parlay, where the Standard Money Line is "-110", a 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, a five team parlay might pay 20/1 and a six team parlay might pay 40/1 and so forth, with the payouts getting higher with more teams or totals selected.
| No. of Teams | Las Vegas Payout | Global Book Payout |
|---|---|---|
| 2 | 13/5 | 13/5 |
| 3 | 6/1 | 6/1 |
| 4 | 10/1 | 12.28/1 |
| 5 | 20/1 | 24.35/1 |
| 6 | 40/1 | 47.41/1 |
| 7 | 75/1 | 91.42/1 |
| 8 | 150/1 | 175.44/1 |
How do you calculate Fixed Odds Parlay Bets Payout:
Let's assume that a patron would like to bet 100.00 for a 2 team parlay. The fixed odds for it would be 13/5.
You would divide 13 / 5 = 2.6
Then you would multiply the result by the bet amount and then add the bet amount, which would be: (2.6*100)+100 = 360.00
Standard / Fixed Odds Parlay Calculator based on Las Vegas Payout!
True Odds Parlay Calculator based on Global Sportsbook Odds!
Useful for both Negative "-" and/or Positive "+" Money Lines, including Single Straight Bets!
NOTE:If betting a favorite, you must enter the line with a minus (-) sign at the beginning. If betting the underdog, money line with a plus (+) sign at the beginning is not required.
Teaser Bet Calculator!
A teaser bet is a bit of a parlay bet, which allows players to reduce their risk. A teaser bet offers the opportunity to bet on point spreads or game totals, and then “tease” or adjust the line to give them a better chance of winning..:: Need To Know ::.
In order for the parlay bet to win, every one of the wagers must win or push (tie).
If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.
For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
