how to calculate implied odds sports betting

If just one of the smaller bets loses, the player loses the entire parlay.

To win a parlay, all of the smaller bets must be winners. The bets are all linked together and treated as one big bet.

What Is a Parlay?Ī parlay bet can be defined simply as a bet that's made up of two or more smaller wagers. To figure out the parlay odds, players just need to subtract the original stake from that number. All decimal odds must first be multiplied together, then multiplied by the wager amount. However, it's possible to calculate the odds by first converting American odds to decimal odds. Most online sportsbooks will calculate the potential winnings from a parlay, which can be seen on the bet slip before placing the wager. Let's Avoid Confusionįiguring out parlay odds without using parlay odds calculators can sometimes be confusing because of the odds format used. The parlay calculator is used as a tool to show parlay odds and the implied probability for any combination used to build the bet. The risk is higher the more games that are included in the parlay, but the potential payout is also much greater. Payout $0.00 Reset Calculate A Potential Payout

How to calculate implied odds sports betting