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Parlay Calculator

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Parlay

When placing a bet, punters get caught up in doing the math, and this could possibly generate an incorrect calculation. The parlay calculator is thus a useful tool that offers quick results.

 

How does our parlay calculator work?

A parlay calculator combines multiple individual wagers into one. To use our calculator bet, the steps given below must be followed:

  • Bettors have to specify their total wager amount and the odds of their bet.
  • Consequently, the parlay calculator odds will display the total potential profit, parlay odds, and the total payout to the bettor at the bottom.

Thus, the parlay calculator is a one-stop solution for bettors who might get confused when performing complex mathematics.

 

What is a parlay bet?

A parlay bet, also known as an accumulator bet or a combo bet, is when a bettor makes more than one bet and combines them all into a single wager. To win, the bettor must get all their predictions right, and losing one of the bets loses the parlay. Using the calculator parlay, one can assess their potential parlay winnings.

Currency settings: EUR
Parlay Total Wage
The total stake on multiple bets, all of which must win for the parlay to pay out.
EUR
Bet #1 Odds
Bet #2 Odds
Parlay Odds
-
Total Profit
-
Total Payout
-

Example of parlay bet

To learn how to use our calculator, parlay bets must first be understood properly. Let’s assume there’s a match between Manchester United and Arsenal, followed by Arsenal and Liverpool, and Liverpool and Chelsea. A bettor chooses to put a parlay on these three matches:

  • Group A to win at odds of 2.00,
  • Group B to win at odds of 1.80, and
  • Group C to win at odds of 2.50.

First, they enter the Total Wager. This is followed by entering the value in Betting Odds #1, #2, and #3.

As the denominations are entered, the bettor can see the parlay odds, total profit, and total payout calculated simultaneously through the parlay formula.

Are parlay bets worth it?

Pluses
  • Offer greater potential payout
  • Generate significant returns
  • Allow a combination of various bet types
Minuses
  • High risk of losing the bet
FAQ. Frequently Asked Questions
Author
Jarin Ahmed
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
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