Parlay Calculator
Plug in your legs, set a stake, and see what the parlay pays. Supports American and decimal odds.
WagerLens finds props with 60%+ hit rates and tells you which legs are worth combining. Data, not gut feel.
Start Your Free TrialHow Parlay Betting Works
A parlay combines two or more individual bets into one wager. All legs must hit for the parlay to pay out, but the combined odds create a much larger return than placing each bet separately. The tradeoff is higher risk. One missed leg and the entire parlay loses.
How Parlay Odds Are Calculated
Parlay odds are the product of each leg's decimal odds. This calculator converts American odds to decimal, multiplies them together, then converts back. Here's a quick example:
Leg 1: -110 → 1.91 decimal
Leg 2: +150 → 2.50 decimal
Leg 3: -105 → 1.95 decimal
Combined: 1.91 × 2.50 × 1.95 = 9.31 decimal (+831 American)
$10 stake → $93.12 payout ($83.12 profit)
What Is a Push in a Parlay?
A push happens when a bet lands exactly on the line. The player hits exactly the number, no over or under. In a parlay, a pushed leg is removed from the ticket and the remaining legs are recalculated. Toggle the "Push" checkbox on any leg above to see how it affects your payout.
Frequently Asked Questions
What odds formats does this calculator support?
This calculator supports American odds (e.g., -110, +150) and decimal odds (e.g., 1.91, 2.50). American odds are the standard in U.S. sportsbooks, while decimal odds are common internationally. The calculator automatically converts between formats as you type.
How many legs can I add to a parlay?
You can add up to 12 legs. Most sportsbooks cap parlays between 10 and 15 legs. Keep in mind that every leg you add increases the payout but also increases the probability of losing. Even a 3-leg parlay at -110 per leg has roughly a 12.5% chance of hitting.
Are parlays a good betting strategy?
Parlays are fun and offer big payouts, but the house edge compounds with each leg. For serious bettors, correlated parlays (legs that are logically connected) tend to offer better value than random multi-leg tickets. Use our daily picks to find high-confidence props worth combining.
How are parlay odds calculated?
Parlay odds are calculated by converting each leg to decimal odds and multiplying them together. For example, three legs at -110 each: 1.91 × 1.91 × 1.91 = 6.97 decimal (+597 American). The higher the combined decimal number, the bigger the payout, and the lower the probability of hitting.
Related Tools
Building a parlay? Check our daily picks for props with strong hit rates. The kind of legs worth combining.