Betting Parlay Calculator

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Betting Parlay Calculator

What is a parlay in sports betting?

There are many ways to bet on sports, including totals, sides, props, futures, and parlays. One of the most popular and fun ways to bet on sports is through parlays.

A parlay is when you combined multiple unique bets into a single bet. For example, you can have a parlay bet on both the Patriots and Cowboys to win — but you only win the bet if both events come true.

Parlays are a high-risk, high-reward way to bet on sports. You can string together many straight bets into a parlay. The more straight bets you add to a parlay slip, the lower your chances are of winning, but the higher the potential payout.

By their nature, parlays are hard to win. But they are one of the most popular types of sports bets because of the potential return.

Why do I need a calculator for my parlay sports bets?

The potential payout for parlay bets is a lot more confusing than a straight bet.

With straight bets, you have just one line set by the sports book you’re betting against. With a parlay, you have to factor in two or three or four or even more odds into a single line.

The FTN Betting Parlay Calculator will take care of the complicated math and show you the potential payout for any type of parlay you put together.

How do you use the FTN Betting Parlay Calculator?

We built a straightforward tool to make it easy. Here’s how it works:

  • Enter your bet amount
  • Enter the odds of the first straight bet of the parlay
  • Enter the odds of your second straight bet of the parlay
  • Enter the odds of any subsequent straight bets that are on the parlay slip

That’s it! We handle finding out the odds of the whole bet (the parlay) based on the individual bets that make up the parlay.

Looking for our parlay optimizer? Check out our new SGP tool.