What is a Parlay?
A parlay is a type of bet in which multiple individual bets are combined to form one larger bet. If all of the individual bets in a parlay hit, then the payout is much bigger. A parlay is treated as one big bet, even though it is made up of several individual bets. As such, every individual bet within the parlay has to hit in order for you to win. For example, if your parlay has 10 over/under picks, and you get 9 of them right — you’ll still lose the bet.
The more “legs” (individual bets) there are on a parlay, the bigger the payout.
How to calculate parlay odds
Since parlays are the combination of several individual bets, calculating parlay odds isn’t as straightforward as picking a money line or spread for a single game. Sportsbooks will automatically calculate parlay payouts for you, or you can use our parlay calculator.
Parlay odds are created by taking a blended combination of the individual odds that make up the parlay bet. The odds can increase exponentially the more legs you add, but the true odds of hitting every leg in a parlay will be a little higher than the odds you are given (e.g., the sportsbook will always have the better end of the bet in a parlay).
Best Parlay odds
When you’re betting parlays, the deck is stacked against you in more ways than one. That’s where a powerful took like the FTN Parlay Calculator can help sports bettors. With our Parlay Calculator, you pick the parlay legs, and we find the best odds. Different sportsbooks will have different odds, and the FTN Parlay Calculator makes it simple to find the best parlay odds no matter what parlay you’re putting together.