This said, if you do have an edge in multiple markets, the opposite is true: a parlay bet will magnify those edges, creating a very valuable bet. This is because if you don’t have an edge big enough to overcome the hold in the market, your disadvantage is multiplied. Often, parlays are viewed as bad bets in the world of sports betting. Should you make parlay bets or not?Ī parlay bet comes with inherent risk since you need to win each leg in order to cash the parlay. If you don’t want to convert to decimal odds, you can use our parlay calculator instead. To Calculate a parlay, you simply multiply the decimal odds of each straight bet together. The parlay calculator will show you how much you could win if all the bets inside the parlay bet are successful. If a straight bet within the parlay loses, the parlay bet loses no matter how many of the other legs won. In order to win, every single bet must win. What is a parlay bet?Ī parlay is a wager made up of multiple straight bets. You’ll need the moneyline odds of the single bets and the bet amount in order for it to calculate the potential winnings for the entire parlay. A parlay calculator will help you determine the odds of a parlay wager when you combine several straight bets to create a parlay in your sports betting.
