Free Parlay Calculator for Sports Picks

Ever seen someone hit a huge sports sports picks winner?



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



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



The downside is that the risk also increases with each added bet. They are so attractive due to the fact that you can bet 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 bet 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 bet.

- 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 bet 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 bet. 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 bet

- 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 bet. 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 bet.



But remember, to win the parlay, all legs must be winners. If even one bet 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 bet 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 bet slip. Then select “Parlay” to combine them into a single wager.



Let’s say you want to bet $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 bets. It can be a handy tool for all sports bettors when used correctly. And if you need a mathematically proven strategy to pick your next game, join our team of professional bettors for profitable picks from highly vetted professional bettors.

The Player Profit list
Get free picks to your email weekly
Read about our privacy policy.
FREE Guide: How we made over $50k Sports picks and got banned from casinos like BetMGM

Elevate Your sports picks – Get Funded and Keep the Profits

You’ve already shown your skill with our free calculators—now see how PlayerProfit can back your picks with real funding. PlayerProfit is a professional prop firm that turns your smart sports analysis into actual profits through risk-free funding and support.

In fact, we’ve already funded over $5,000,000 for more than 1,500 sports pickers , demonstrating our commitment to helping experts like you. Join us and we’ll set you up with a funded account (up to $100,000) so you can focus on execution without risking your own money—and still keep up to 70% of any winnings .

Our platform is built on professional-grade tools, real-time data, and strict risk discipline  to maximize your long-term growth. You benefit not just from technology, but also from a supportive community, as PlayerProfit highlights “a community of elite pickers backing you” .

You can even withdraw your winnings easily with fast, flexible monthly payouts . Getting started is easy: PlayerProfit’s challenge process is split into two simple steps , so you just need to prove your edge to earn a real funded account. For seasoned pros and newcomers alike, PlayerProfit levels the playing field by providing the same high-quality tools and expert support that top traders use.

Whether you’re just starting out or ready to scale up your game, our homepage is packed with details on all our funding challenges and features. Visit the PlayerProfit homepage to learn more, read reviews from other bettors, and discover how we can take your sports sports picks to the next level.

Take the next step now—your funded bankroll awaits.