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Bet Amount. To Win. Calculate Reset. Upcoming Events NBA. For example, a 5 team parlay will pay out considerably more than a 2 team parlay assuming equal odds. Sportsbooks allow you to bet parlays on just about any sport.
You can even create parlays with bets from multiple different sports. Parlays can also be made up of different types of bets such as prop bets and futures bets. Opinion is divided among sports bettors on whether or not parlays are a smart bet. But how is the total payout actually calculated? Step 1 — Convert the American odds of each single bet to decimal odds.
You can do this using our odds calculator. Step 2 — Multiply the decimal odds of each bet together. This gives you your parlay odds. Step 3 — Multiply the result by your total wager amount to get your total parlay payout. You are looking at the upcoming Sunday NFL matchups and want to combine 4 single bets into a 4 team parlay in order to increase your winnings. Here are the bets you want to combine in bold :. First, we convert the moneyline odds to decimal odds using the following formulas:.
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