A parlay is a single bet that links together two or more individual wagers for a high payout. A two-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.
These days, online sportsbooks like FanDuel offer daily parlay boosts; sign up at FanDuel to check out the latest parlay offers. Also, you can use the perks of our BetMGM Sportsbook Bonus Code and start placing parlay bets with BetMGM today.
Popular Parlay Best Bets
NFL | NBA | NCAAB
|FIXED ODDS PARLAY TABLE
|# of Teams
|Las Vegas Payout
|**Global Book Payout
NOTE: If betting a favorite, you must enter the line with a minus (-) sign at the beginning. If betting the underdog, you must enter the line with a plus (+) sign at the beginning.
**Parlay Calculator based on Global Sportsbook Odds
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 two-team parlay and one team wins and one ties, the wager becomes a straight bet.
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two-team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
- Parlays with spreads and totals at standard -110 odds, use the Fixed Odds Table.
- Parlays with spreads and totals with odds not at the standard -110 value, use the True Odds Calculator.
The content on this page is for informational purposes only. Vegas Insider makes no representation or warranty as to the accuracy of information given or the outcome of any game or event.
Best Sportsbook Bonuses to Place your Parlay Bet
Updated on : 11/15/2023
*In-person registration and betting only in MS. The BetMGM app is available for mobile wagers in Washington DC, but only at Nationals Park.
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Parlay Calculator FAQ
How do I calculate a parlay payout?
Calculating a parlay payout involves a bit of math, so the best and quickest way is to use our calculator above. To do the math: convert the odds on your lines to decimal format (or simply use our odds converter). Then, multiply those decimal odds together for the overall odds for that parlay. If, for example, the result of multiplying legs of a parlay bet is 6.97, for a stake of $100, you stand to win $597 ( 6.97 x $100 minus your initial $100 stake).
How can I get the best price on a parlay bet?
The short answer: sportsbooks tend to make a good chunk of their money off of parlay bets, and it's rare to find a bet priced at what you'll expect. Pick a sportsbook that keeps its lines competitive for the best price possible on a bet.
When should I place a parlay wager?
For starters, wagering is for entertainment and not investment, so as long as you're betting within your limits, there's no wrong time to place a parlay wager. However, if for example you want to place simple moneyline bets on three matches happening on the same night, you might as well turn it into a parlay for a much higher potential payout. Calling all three bets correctly on one parlay is a lot tougher than calling three moneylines, so choose wisely: you're not going to have the other two bets to fall back on if one leg fails.
Other great calculators you can use to choose your best possible returns:
Arbitrage Calculator | Betting Odds Calculator | Hedge Calculator | Moneyline Calculator | Teaser Calculator