The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk. Parlay bets are very popular, especially with novice bettors, as they have the potential for high payouts on a low bet amount since you get higher payoffs than if you were to bet them individually as your bet accumulates like compound interest. The reason they have high-payouts is because these wagers lower your odds of winning.
If any leg of the bet loses, you lose your original stake. Use the parlay calculator above to see the parlay payout work for the bets you are considering, and remember that the sportbook has a much bigger advantage when you place a parlay bet. The best way to calculate the payout on your parlay bet is to use the free parlay calculator above or enter your bets into the sportsbook app where you plan to place your bets and enter your game selections.
When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly. The books also make money in the long run on parlays because they never pay close to the true odds. Odds Paid. True Odds. On the pro-parlay side, the payoffs are appealing, and you have a better chance of having a big score than you do by playing PowerBall or MegaMillions.
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