Moneyline Calculator Parlay

Moneyline Calculator Parlay 8,5/10 5176 votes

This is a MMA moneyline parlay calculator to show you how much you can potentially win. INSTRUCTIONS: First enter in the odds or moneyline into the box. (If your fighter is an Underdog you do not have to enter the + sign, ex: 110) (If your fighter is a favorite you must enter the – sign, ex: -240) Then enter the amount of money you wish to wager. Parlay Calculator A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected.

Before we go any further, we need to explain what a parlay is fully.

Free Moneyline Parlay Calculator

By definition, a parlay is a group of multiple individual bets (two or more) that are connected together and treated as one big wager.

In order to win the entire bet, you have to win each of the individual bets on your parlay. If you lose one individual bet, then you lose the entire parlay bet.

Why would you ever want to group bets together and force them to be dependent on each other?

The reason is that the sportsbook will pay you out much more money for correctly picking multiple individual bets together.There is more risk in this type of bet so it should be expected that we are offered a higher reward for making this wager.

Let’s compare betting three games individually versus betting them as a parlay.

Let’s assume that each game is -110 moneyline odds.

Let’s also assume that our bankroll for these three games is $300. We’re going to look at the scenarios if we picked all three games correctly and if we only picked two of the games correctly.

Moneyline Parlay Odds

If we bet the games individually, we would bet $100 per game.

GameBet AmountOddsOutcomeProfit/Loss
Game 1$100-110Win$90.91
Game 2$100-110Win$90.91
Game 3$100-110Win$90.91
Moneyline
Our total profit would be $272.73 if we bet all three of these games individually.

Now, what would happen if we picked all three games as a parlay bet? This time, we would place a single bet of $300. We will go over how to calculate parlay payouts in the section below here, but for now, we have done the calculations for you.

The profit on this bet as a parlay would be $1787.40! Even if we only bet $100 total, we would see a profit of $595.80. As you can see, you can bet 1/3 of the amount you bet total in the individual games and still make more than double what you would betting the games individually.

Vegasinsider Parlay Calculator

At this point, a lot of people are wondering why you would ever bet anything but parlays. You can bet less and make so much more! Well, as you are probably guessing, there is more to the story.

Let’s look at what happens in our same example, except this time we only pick two out of the three games correctly. We bet the same games again for $100 each individually, and we are correct on two out of the three games.

GameBet AmountOddsOutcomeProfit/Loss
Game 1$100-110Win$90.91
Game 2$100-110Win$90.91
Game 3$100-110Loss($100.00)

Betting Payout Calculator

If we bet all three of the games as a parlay for $300 (or $100), our profit is negative $300 or negative $100. If you get even one game wrong in a parlay, you lose the entire bet. You’ve now seen the downside to parlays.

Moneyline Calculator Parlay Numbers

You have to be perfect to cash in, or you lose.

Moneyline Parlay Payout

Even if you only get one game correct betting them individually, you’re only going to lose $109. If you bet the same $300 on a parlay, though, you lose the entire $300. The risk is higher for parlays, but the associated reward is also higher.