Free Parlay Calculator at Docsports.com

by Doc's Sports

As a bettor in today’s world, where social media is used for everything, I am sure you follow sports betting accounts and come across pictures of winning parlays that turned $10 into thousands. You also probably ask yourself why you can’t pull off that feat. Well, the answer is because, for every massive parlay that is won, there are 1000+ parlays that are lost on a nightly basis. I’m here to educate on what a parlay is, how parlays are bet and if parlays are worth playing. The answer to that question will vary based on who is being asked and their betting style. However, make no mistake about it, while parlays are a low-risk high-reward play, parlays are how sportsbooks make their money.

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Below is a parlay calculator to help you figure out the potential payout or parlays of two or more teams.

PARLAY CALCULATOR

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What is a Parlay – At its base principle, a parlay is a wager that involves two or more bets combined into one. This means that in order to make a wager on a parlay, you will have to find two or more games – any sport – and wager on them together as one. You must win both (or all) selections on the parlay in order for you to win money. You can mix and match sports and even ways to wager such as the money line, point spread, totals, futures and/or even prop bets (sometimes), as long as they are bet on different games.

How to Bet Parlays – Betting parlays is a pretty straight-forward thing to do – if you are well versed in the betting game. For those just starting out, there are multiple ways to put together a parlay, and it could be overwhelming. If you are in Las Vegas, you can simply walk to the sportsbook teller and tell him the teams you want to bet on, or if you want to use proper etiquette, you tell them the rotation number. For example, if you want to be on the Las Vegas Raiders to beat the Denver Broncos, you will see 503 and 504 designated to each team. Simply say the number beside the team you want to include in your parlay. You can do that for each team you are looking to add to the parlay. Another way to put a parlay together is via parlay cards. These thin pieces of paper have all the games on them, and you simply go through it and fill in as many circles (selections) as you want to have on the parlay and then hand it to the teller.

If you are not in Las Vegas and want to make a parlay wager online, you would simply need to click and select all the teams you want to include in the parlay, and you’ll be able to see the teams added or removed in real-time and you will notice the odds fluctuate up or down depending on the odds and number of teams selected.

True Odds vs Parlay Odds – I’m sure you’ve heard this saying before, but sportsbooks are in the business of making money, and parlays are generally the way they keep the lights on. Each sportsbook is its own entity and can operate under a different set of rules. For example, some offer reduced juice as a way to get you to play at their sportsbook. Others offer bonuses and free wagers depending on how much you spend. Other sportsbooks only offer fixed payouts on parlays. What that means is that no matter how many teams you select and what the odds are, you will get a fixed payout based on your wagering amount.

For example, some sportsbooks offer 2.64/1 odds on a two-team parlay regardless of the odds. Three teams are 6/1, four teams are 12.28/1, five teams are 24.35/1 and six teams are 47.41/1. Those are what you call fixed odds parlays. Those are absolutely not true odds of what the parlay should pay. True odds of those parlays are as follows: two teams are 3/1, three teams are 7/1, four teams are 15/1, five teams are 33/1 and six teams are 63/1. As you can see, true odds and the odds that sportsbook offer on parlay payouts are very different.

Parlay Odds and payouts for fixed odds and Las Vegas parlays

Are Parlays Worth Playing? – If you asked this question to 10 different people in the sportsbook, you’d likely get 10 different answers. Some of them would tell you that they are anti-parlay because they are sucker bets and don’t offer true odds. Some would tell you that it’s a great way to put in a low-risk high-reward type wager. What I’m here to share with you is that there is no right answer to this question. It all depends on what type of bettor you are. If you are a recreational bettor who likes to throw down a few bucks on an NFL Sunday, go nuts with the parlays. If you are a more experienced bettor and are looking to beat the book, I would assume you stay far away from parlays, which is fine as well.

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Start:	November 21, 2024 @ 8:15 PM
Expert:	Raphael Esparza (VSI)
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