Free Parlay Calculator for Sports Picks

Ever seen someone hit a huge sports sports picks winner?

Chances are it was a parlay pick. Even though we recommend that beginners stay away from them, they can be captivating.

A parlay is a single pick that links two or more individual wagers together. You need to win all the wagers in the parlay to win the pick. The more picks you include, the higher the potential payout.

The downside is that the risk also increases with each added pick. They are so attractive due to the fact that you can pick a little to win a lot. Again… we recommend staying away from these.

Calculating potential parlay payouts manually used to be frustrating and time-consuming. But not anymore — our free parlay calculator makes it a breeze to determine the possible winnings for your parlay wager.

How to Calculate a Parlay Payout

Calculating a parlay payout can be done manually or by using a parlay calculator.

Here's a step-by-step breakdown of the calculation process:

- Convert the American odds for each pick into decimal odds using an odds converter.
- Multiply the decimal odds together to get the multiplier.
- Multiply the multiplier by the amount you want to pick.
- Subtract your original stake from the total payout to determine the parlay odds.

For example, let's consider a parlay with three NBA teams (Warriors, Lakers, and Miami Heat) at odds of -110, which is equivalent to 1.91 in decimal odds.

The calculation would be as follows:
- 1.91 x 1.91 x 1.91 = 6.97
- 6.97 - 1 = 5.97
In American odds, 5.97 translates to approximately +597, indicating that this parlay pays nearly 6-1.

In another example, let's say you want to pick on three heavily favored NFL teams (Packers, Patriots, and Eagles) on the moneyline. The decimal odds for each team are 1.333, 1.5, and 1.667, respectively.

The calculation would be:
- 1.333 x 1.5 x 1.667 = 3.33
- 3.33 - 1 = 2.33

In American odds, 2.33 translates to approximately +233. Since this parlay has a higher likelihood of winning, the payout ratio is lower.

Introducing Our Free Parlay Calculator for Sports picks

Our free parlay calculator helps determine the odds and payouts for your parlay before placing the pick. Just enter how much you want to risk alongside the odds or point spread for each leg of the parlay, and the calculator will show your potential winnings. This lets you experiment with different combinations to try and maximize your payout.

How to Use Our Free Parlay Calculator

To calculate your parlay payout, simply enter the odds for each leg of your parlay using our simple calculator.

You can access our free parlay calculator below.

You want to include each game or event, enter the money line, spread, or total odds into the corresponding box.

For example, if you’re sports picks three NFL games:

- Enter -110 for a standard moneyline pick
- Enter +3.5 -110 for the point spread odds
- Enter over/under 47 -110 for the total

As you input each set of odds, the calculator automatically updates your estimated payout for the parlay based on the specific pick. The more legs you add, the higher the payout!

Once you’ve entered all the odds, review your potential parlay payout. If you like the estimated return, you can place your parlay pick.

But remember, to win the parlay, all legs must be winners. If even one pick loses, the entire parlay loses, so we recommend joining our Discord channel to get mathematically profitable picks (again, we don’t recommend parlays).

Usage Example

Let’s walk through an example to see the parlay calculator in action.

Say you want to place a 3-team parlay pick on the upcoming NFL Sunday slate of games:

- The New England Patriots (-7) vs. the New York Jets
- The Pittsburgh Steelers (-3.5) vs. the Cleveland Browns
- The San Francisco 49ers (-2.5) vs. the Arizona Cardinals

Log in to your sportsbook and add all three spreads to your pick slip. Then select “Parlay” to combine them into a single wager.

Let’s say you want to pick $100 to win $500. The parlay calculator will show your estimated payout based on the odds of each leg of the parlay.

It may look like this:
Patriots -7 (-110)
Steelers -3.5 (-105)
49ers -2.5 (-115)
Parlay Odds: +500
$100 to win $500

So, if all three teams cover the spread, you’ll win $500! The parlay calculator helps estimate your potential winnings to determine if the risk is worth the reward.

Of course, the more teams you add, the higher the parlay odds — but the greater the chance of losing one leg. However, that’s the operating principle of parlays: high risk, high reward!

Try our parlay calculator the next time you want to spice up your sports picks. It can be a handy tool for all sports picks when used correctly. And if you need a mathematically proven strategy to pick your next game, join our team of professional picks for profitable picks from highly vetted professional picks.

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