Betting Odds Calculator & Converter

Multiply the converted decimal odds together, and convert the result back to American format if needed. Bettors are generally trying to find instances where the actual probability is greater than the implied probability odds. For instance, a +200 American odds is equivalent to a probability of 33.33%. Theimplied probability is a factor that is important in deciding whether to place a bet or not. The implied probability correlates to the probability of an event needing to occur to justify any odds.

A parlay gives sports bettors an exciting way to earn a large payout despite betting a relatively small amount of money. For each leg, the bet rolls over, or parlays, the winnings into the next game meaning that you have to win EACH leg of the parlay to be paid out. Often times, professional sports bettors limit parlays to 2-3 legs if they even leverage them at all. Simply enter your bet amount and the odds and our parlay calculator will show you your expected profit (“To Win”) and total payout (“To Pay”). You can treat it like a digital bet slip—add as many legs as you want before calculating your payout. Whether it’s a small play or a big bet, the tool does all the work instantly.

• Because MGM Resorts is such a large company and has numerous resources and ways of making money, it offers some of the fairest odds around.
• Positive odds indicate the profit a bettor would make on a $100 bet, while negative odds show the amount required to wager in order to win $100.
• With our parlay calculator, you can input the odds and bet amounts for multiple legs to calculate the combined parlay odds, total payout, and potential profit.
• This is assuming each leg was bet at -110 odds on each leg of the parlay.
• One operator may be popular among bettors due to its attractive bonuses and promotions, while another may attract new users with a huge range of betting markets.

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If you can get bet365, I highly recommend giving the betting app a go. Panthers fans, you can use our odds calculator to calculate the implied odds of Carolina winning this matchup against the 49ers. In this scenario, the implied probability that the book is giving for the Carolina Panthers to win is 23.81%.

Can you parlay Moneyline bets?

The free parlay calculator is the perfect tool for you to determine the value of your parlay bet on every sport. With numbers like that driving bottom lines, it’s easy to see why SportsBooks are promoting parlays so heavily to bettors. They celebrate the wins to a high scale to give the sense of “it can happen to 1xbet registration anyone”, but the probabilities above show the direct likelihood you’re going to hit that parlay. When one leg of a parlay pushes (“ties”), then that bet is essentially excluded from the parlay without making the whole bet a loss. When calculating the parlay odds, that bet will essentially be removed from the equation. Your parlay pay out will depend on the odds and bet amount of each leg of your parlay.

This helps in identifying the rewards and risk ratio before placing a bet. To get the total odds for this parlay bet, you’ll have to multiply the odds for all three bets together. Alex, a ten-year iGaming industry veteran and Managing Editor at BettingTools specializes in sports betting and betting tools. He also provides insightful reviews, ensures the accuracy of all offers, and maintains content quality helping you make informed choices.

For example, if the New York Knicks were +8 against the Los Angeles Lakers and lost by exactly 8 points, that would be a push. From our research, around 80% of SGP will allow you to cash out. If you are unsure what cash out is, the feature allows you to end a bet early for a lower amount if you don’t feel your bet will win. There are eight total fields on this calculator, though you only need to fill out two, and the rest will auto-populate.

There are several types of parlay bets, as they are one of the most versatile and complex forms of sports betting. Below are some of the most popular types of parlay bets, how they work, and how their odds might compound for a given scenario. Once your online sports betting site accepts your parlay wager, they create a multi-level bet where each wager that wins then becomes bigger on the next leg and so on.

The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk. A sport specific parlay calculator like our baseball parlay calculator focuses on common baseball parlay bets like Over/Under, Runline, player props, etc. This also allows you to put in things like player props or other bet types as well. Nearly all licensed US sportsbooks now offer parlay betting as a bet type and you can use them as a parlay app to place bets on the move.

You just plug in your bet amount and the odds for each leg – say, two to five bets – and bam, it spits out your potential payout if everything hits. With our parlay calculator, you can input the odds and bet amounts for multiple legs to calculate the combined parlay odds, total payout, and potential profit. Easily add or remove legs to customize your parlay calculations. Offering less favorable odds is not the only ploy sportsbooks use to increase their edge on one game parlay bets. Sometimes they also adjust the line from what straight bettors get to a slightly more unfavorable number. A line movement of even a single point is often all it takes to turn a winning bet into a losing bet.

Players can convert the odds for each game of the parlay into a decimal format, like in the example above. The FanDuel sportsbook is one of the top sports betting options for parlay wagers because you can parlay on basically anything you like. FanDuel was one of the first operators to highlight big player prop parlays that have been discussed at length in the media.

If you bet $10 on a six team parlay with all legs at -110 odds, your six team parlay payout would be $484.13 and your profit would be $474.13 ($484.13 – $10 bet). If you bet $10 on a five team parlay with all legs at -110 odds, your five team parlay payout would be $253.59 and your profit would be $243.59 ($253.59 – $10 bet). If you bet $10 on a four team parlay with all legs at -110 odds, your four team parlay payout would be $132.83 and your profit would be $122.83 ($132.83 – $10 bet).