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. For a single bet, 2 to 8 teams or totals can be selected.
Parlay Calculator Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. Betting Calculator Parlay Calculator. Please bear in mind that sports betting can result in the loss of your stake. Before placing a wager on any event, all bettors must consider their budget and ensure they are at least 18 years old. Please visit gambleaware.co.uk or gamcare.org.uk for guidelines on responsible gaming. You can find dozens of parlays at the site’s parlay section and use this sports betting calculator to figure out the odds of a potential parlay should you make it, according to current odds. Regardless of the sport you are looking to bet on, the easiest way to make your parlays is to use premade parlay cards.
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
Use the free hedging calculator (arbitrage) below to find how much to wager to guarantee profits. You can also vary your hedge bet amount and see the resulting profit depending on the results.
Hedge Calculator Examples
There are many examples in sports betting where you may want to hedge (or arbitrage) your original bet. Using this hedging calculator simplifies the math for you. You no longer need to manually figure out how much you need to be laying on each side.
How to Hedge a Parlay Bet
Say you have a $5 bet on a five team NFL parlay:
- Detroit Lions -110
- New York Giants -110
- New England Patriots -110
- Dallas Cowboys -110
- Green Bay Packers -110
Using our parlay calculator, you would see that the parlay would return $126.80 at +2436 odds.
You have already won the Lions, Giants, Patriots, and Cowboys bets. The Green Bay Packers play the Chicago Bears on Monday Night Football and you have two options:
- Let the parlay ride and hope the Packers win
- Hedge your parlay and place a bet on the Chicago Bears (-110)
If you want to hedge the parlay, you would be on the Chicago Bears. Using the hedge calculator, you would plug in the following inputs:
- Original Bet: $5
- Original Odds: +2436
- Hedge Odds: -110
The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38.
The Other Way to Hedge a Parlay
Using a round robin is another way to hedge a parlay. While this hedge doesn’t include betting on both sides of the game, it does mean that you don’t need every leg of your parlay to hit. Sports betting draftkings.
A round robin is simply a series of smaller parlay bets that create unique combinations of your original parlay. The odds aren’t quite as good for these bets, although they also have a higher likelihood of winning compared to a parlay.
How to Hedge a Live Bet
Say you bet $10 on the New York Knicks moneyline against the Houston Rockets at odds of +350.
In the 2nd quarter, the Knicks are up 15 points and the Rockets have a live moneyline of -120. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets.
If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55.
Online slot games free spins. Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a guaranteed profit of $10.46.
Hedge Calculator Frequently Asked Questions
Parlay Odds Calc
How do I use the hedge bet calculator?
Simply enter your original bet amount, original bet odds, and your hedge bet odds into the calculator. It will output the bet amount needed in order to guarantee a profit no matter the result of the game.
What if I don’t want a guaranteed profit?
You can use the bottom section of the calculator to vary the hedge bet amount. The box at the very bottom will show you your profit depending on which side of the bet wins.
Sports Betting Calculator Parlay Points
![Parlay Parlay](/uploads/1/3/4/3/134374847/954775819.jpg)
What is the difference between hedging and arbitrage sports betting?
![Sports betting calculator parlay payout Sports betting calculator parlay payout](/uploads/1/3/4/3/134374847/257013173.png)
A hedge will decrease your risk while maintaining some amount of profit. Arbitrage (scalping) guarantees a profit no matter what the result of the bets are.