What does a 3-team parlay pay?

At -110 per leg, a 3-team parlay is +596: a $100 bet pays $695.79 in total, $595.79 of it profit. With other odds, multiply the three legs’ decimal odds. Three legs at +100 pay +700, because 2.00 × 2.00 × 2.00 = 8.00.

What does a 4-team parlay pay?

At -110 per leg, a 4-team parlay is +1228: a $100 bet pays $1,328.33 in total, $1,228.33 of it profit. A 5-team parlay at -110 per leg is +2436 and pays $2,535.91 on $100.

What happens if a leg in my parlay pushes or is voided?

At most sportsbooks the leg is removed and the parlay is paid at the odds of the remaining legs, so a 3-leg parlay with one push pays like a 2-leg parlay. House rules differ, so check your sportsbook’s. To see the new payout here, remove that leg from the calculator.

Why does each extra leg lower the chance of winning so fast?

Because the probabilities multiply. A -110 leg has an implied probability of 52.38%, so two legs are 27.44%, three are 14.37% and four are 7.53%. The calculator shows this as the implied probability for the whole parlay.

Can I put legs from the same game in a parlay?

Many sportsbooks offer same-game parlays. Legs from one game are often correlated, for example a team winning and its quarterback passing for more yards, and sportsbooks price same-game parlays with that correlation built in. Their odds can differ from the product of the individual legs, which is what this calculator shows.

What is the difference between a parlay and a teaser?

A teaser is a parlay of point spreads or totals where every line moves in your favor by a set number of points, for example 6 points in football, in exchange for a lower payout. A -3.5 favorite teased by 6 points becomes +2.5. Teaser payouts come from the sportsbook’s teaser table, not from multiplying the legs, so this calculator does not price teasers.

Free Parlay Calculator: Odds & Payout

Enter the odds for each leg and your stake to see the combined parlay odds, the total payout and profit, and the implied chance that every leg wins.

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Parlay Odds (US Format)

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What is a parlay?

A parlay combines two or more bets, called legs, into one wager. Every leg has to win for the parlay to pay, and the winnings from each leg ride on the next, so the parlay’s decimal odds are the decimal odds of all its legs multiplied together. That is why a 3-leg parlay at -110 per leg pays +596, while a single $100 bet at -110 wins $90.91.

Why use a parlay calculator?

See the combined odds of a parlay with any number of legs before you bet
Get the total payout and the profit for your stake
Enter odds as American, decimal, fractional or another format
See the implied probability that every leg wins at the posted odds
Re-price the parlay when a leg moves, pushes or is voided

How to use the parlay calculator

1Choose the odds format you have, such as American (-110) or decimal (1.91)
2Enter your stake
3Enter the odds for each leg
4Click + Add Odds to add another leg, or Remove to drop one
5Read the combined odds (decimal), total payout, profit and implied probability

Example: a 3-leg parlay at -110

Three legs at -110 each, with a $100 stake. Each leg is 1.90909 in decimal odds (1 + 100 / 110). Multiplied together they make 6.9579, which is +596 in American odds. The payout is $695.79 ($100 × 6.9579) and the profit is $595.79. The implied probability that all three legs win is 1 / 6.9579 = 14.37%. The calculator shows the combined odds as 6.96.

How to calculate parlay odds

Step 1: convert each leg to decimal odds. Positive American odds: 1 + odds / 100, so +120 is 2.20. Negative American odds: 1 + 100 / the odds without the minus sign, so -150 is 1.667. Fractional odds: 1 + the fraction, so 5/2 is 3.50.

Step 2: multiply the decimal odds of every leg. The result is the parlay’s decimal odds.

Step 3: payout = stake × parlay decimal odds, and profit = payout - stake.

Step 4: to quote the parlay in American odds, use (decimal - 1) × 100 with a plus sign when the decimal odds are 2.00 or more, and -100 / (decimal - 1) below 2.00.

With mixed odds: legs at -150, +120 and -110 are 1.667, 2.20 and 1.909 in decimal. 1.667 × 2.20 × 1.909 = 7.00, which is +600, so a $50 parlay pays $350, a $300 profit.

Parlay payouts at -110 per leg

What a $100 parlay pays when every leg is -110, a common price on point spreads and totals. Each payout includes the $100 stake.

2 legs: +264, pays $364.46
3 legs: +596, pays $695.79
4 legs: +1228, pays $1,328.33
5 legs: +2436, pays $2,535.91
6 legs: +4741, pays $4,841.27
10 legs: +64208, pays $64,308.16

Why the sportsbook’s margin grows with each leg

Each -110 leg carries the sportsbook’s margin, and the margins multiply along with the odds. If every leg were a true 50/50 outcome, a fair 3-leg parlay would pay +700 (2.00 × 2.00 × 2.00 = 8.00). At -110 per leg it pays +596.

On 50/50 legs, a single -110 bet loses about 4.5% of the stake on average. A 3-leg parlay of such legs loses about 13.0%, and a 6-leg parlay about 24.4%.

Parlay Betting FAQ

Understanding Parlays

Convert each leg to decimal odds, multiply them together, then multiply by your stake to get the payout. Three legs at -110 are 1.90909 each, so 1.90909 × 1.90909 × 1.90909 = 6.9579. A $100 parlay pays $695.79, a $595.79 profit, which is +596 in American odds.

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