TeamsOdds
Team #1
Team #2
Team #3
Team #4
Team #5
Team #6
Team #7
Team #8
Team #9
Team #10
Wager Amount:
Payout:\$

## Using the Parlay Calculator for How Much Does a Number of Teams Pay

Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets.  Using the parlay calculator is extremely easy.

All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay.  Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.

For example.  Let’s say you want to be a \$100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115.  In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115.  Leave the rest at 0.  Then in the wager amount enter 100.

Once you hit calculate the payout should display 1149.21.  This means that your \$100 4-team parlay on those teams should earn you \$1,149.21 when it hits!  Using this tool gives you a better idea on what your break-even percentage needs to be for the wager to be profitable in the long run!

## Parlay Payouts & House Edge Depending on Number of Games

# of TeamsActual OddsLas Vegas PayoutOnline Payout
23/12.6/113/5
37/16/16/1
415/110/112.28/1
531/120/124.35/1
663/140/147.41/1
7127/175/191.42/1
8255/1150/1175.44/1
9511/1300/1335.85/1
101027/1700/1642.08/1

### What is a Parlay?

A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn’t matter what happens in the other games.  But if you make round robin bets you can have combinations of all of your teams in smaller parlays, mitigating the risk of one team ruining your whole day.

If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.

We also have a betting odds converter so you can calculate what the odds mean in different formats.