A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets. When successful, it offers greater returns to the investor since it links up many events for a higher payout. A parlay bet is a single wager that requires two or more outcomes to all win. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for A parlay is a single bet that links together two or more individual wagers for a high payout. 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. The Gaming Today Parlay Calculator allows you to take any number of moneyline bets, input them into the calculator, and see both the payout odds and implied probability of winning. Work out your parlay odds in our easy to use parlay calculator. Save time working out your potential payout. We have created a beautiful free parlay calculator and you have the option to add up to 15 bets. So if you like to go big, we have you covered! Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. That being said, if you are given decimal odds already and want to compute your parlay by hand, there is no need to convert the decimal odds to moneyline odds. Decimal to moneyline: There are two methods to convert decimal odds to moneyline odds, one method being for decimal odds less than 2.0, and the other method being for decimal odds greater than 2.0. With our parlay calculator, you can select how you want your odds displayed. We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). Under Odds Type, pick your odds style. Input your first wager in the Bet #1 slot. Click on Add Bet to add the other wagers on your ticket. For favorites, you must add the minus sign Hence, if you had placed a bet on six teams, the odds will payout as a parlay of five teams. This protects you from incurring the effects of such unfortunate events that are beyond your power. Initially, it was difficult to calculate the payout in a parlay bet. Thus, the invention of the parlay odds calculator was a great milestone.
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