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US
Calculators
Parlay Calculator
Parlays are a very
popular kind of bet – they have a good potential for big payoffs compared to the
size of the wager, and they are quite a simple form of bet.
To place a parlay,
you bet on two or more teams to win their games – all of the teams must win, or
at least tie, for you to win the bet. If one of the teams loses, then the bet is
lost.
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There are two
different kinds of parlays. You can wager against the point spread, or against
the money line. When wagering against the spread, the payoff is fixed, with the
payout increasing the more teams you bet on. The payoff can range from 13-5 on a
2 team parlay to 600-1 on a 10 team parlay. This means that if you bet on two
teams, you can win $13 for each $5 you bet. If you bet on 10 teams and win, then
you will get $600 for every $1 you had wagered.
Bets against the
money line do not use fixed odds, instead your overall payoff is calculated
based on the odds of each team. This is because a spread assumes a 50-50 chance
on each team, while money line bets just require the team to win or lose –
without points being taken into consideration.
A money line
parlay will, in simple terms, take the amount of your bet and place it on one
team, then re-calculate your bet for the next team, until the bet has been
placed on all of the teams. This can often work out better in terms of payoff
than a points spread parlay, especially if one of the teams is not favored to
win.
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