An NBA parlay bet is a single NBA wager with multiple selections, each selection must-win for the bet to cash, but the odds of each selection are multiplied to offer much bigger odds. You can combine a variety of NBA picks from different markets if you choose to form an NBA parlay, from Moneyline picks to spreads and totals. The odds of winning a parlay bet are strictly determined by the combined odds of the individual bets. To simplify things, we will use a coin toss as an example but we won’t factor in the juice. The odds of winning a coin toss is 50/50 which is 2.00 using decimal odds. If you bet $10 and win the coin toss, then you get $20 back. Free Parlay Calculator and Parlay Odds: A parlay is ONE single bet that combines TWO or more individual bets that result in higher payouts. TWO team parlays should pay 2.6/1 at standard -110 betting odds, THREE team parlays 6/1, and FOUR team parlays 10/1; increasing with higher payouts the more sides and/or totals you select for your parlay bet. Because a parlay is considered ONE single bet combining TWO or more individual wagers, for your parlay bet to win, EVERY ONE of the sides or totals.
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.
When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.
How Do Other Results Affect Parlay Results?
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
Free Parlay Cards
| Team | Odds |
|---|---|
| Team #1 | 0 |
| Team #2 | 0 |
| Team #3 | 0 |
| Team #4 | 0 |
| Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
Free Parlay Bets
- Decimal odds
- American odds
- Fractional odds.
Free Parlay Calculator Odds
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.