Author:
Jordan Noble
Last Updated:
29/06/2022
Table of Content
- What is a parlay calculator?
- Why a parlay calculator is a great addition to your betting experience
- Why you need to start using a parlay calculator today
- Top tips for using the parlay bet calculator - all you need to know
- Do we offer any other calculators?
- Conclusion: Helping you enjoy parlays even more
- Parlay betting calculator FAQ
What is a parlay calculator?
Before we introduce our calculator, we thought we should first explain exactly what we mean by parlay bets. That way, no one reading this goes forward misunderstanding exactly what parlay betting calculators are, well, calculating.
What are parlay bets?
The good news here is that the math may be complicated but the concepts aren’t. And those concepts stay the same whether we’re talking about Bet635, Caesars or FanDuel parlay bets. A parlay is a single bet made up of multiple selections.
For starters, you only require a single stake, no matter how many selections you pick. Secondly, unlike multiple single bets, all of your risk and reward is in one potential very lucrative parlay basket.
So, with parlay bets, if any selection loses, your entire bet loses. On the other side, the odds of each selection are also collected, offering often very large payouts if all of your selections are successful.
So, what do parlay calculators do?
Parlay betting calculators simply help you assess that risk and reward, so you can make smarter bets that suit you. They can provide insight on what are often dazzling returns.
However, it’s important to be realistic about the odds here. The bigger the return, the less likely you are to win, at least in theory. Just keep that in mind when coming up with your bets and remember that when it comes to parlays, you can actually get substantial rewards without staking an enormous amount in many cases. It’s one of our favorite things about this kind of betting and our handy calculator can be invaluable when choosing yours.
Why a parlay calculator is a great addition to your betting experience
Now that we understand parlay betting, it’s time to understand our calculator. See, the problem with those huge returns is that they can be tough to calculate exactly because there are so many selections to take into account.
It’s multi-layered, complicated math, which can really put a damper on things when you just want to place a bet and enjoy your favorite sports. That’s where our calculator comes in. It does all the hard work for you. All you need to do is tell it some basic information.
How to use our parlay calculator
You’ll need to tell the calculator:
- Your stake
- The size of your parlay (meaning how many selections you’re choosing)
- The odds
The latter includes the odds of each selection, which you’ll have to input correctly to get the right results. It also includes the odds format, with the option of American, fractional and decimal odds.
With that all done, we’ll tell you how much you’ll be paid out should your parlay bet come out a winner. That way, you can decide whether or not this particular parlay bet is worth your while.
And that’s all there is to using our parlay sports calculator. It works the same for all kinds of parlay bets too, from football parlays to mixed martial arts parlays. It should only take a few seconds to use and then you’ll be fully informed on the ins-and-outs of your parlay bet. If you want to use it again, just reset and put in the new information.
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Why you need to start using a parlay calculator today
If you’re interested in parlay sports betting, we highly recommend our parlay betting calculator. It’s built so anyone can benefit from it, regardless of which bookmaker they’re using or whatever markets or sports they bet on.
In addition, the calculator has been designed to be as broadly accessible, user-friendly and accurate as possible. That means it’s suitable for newcomers and experienced bettors alike. We suppose there might be the odd person with an impeccable mathematical mind who can work out their potential returns in a blink of an eye, but for the rest of us mere mortals interested in parlay betting, a calculator will surely be of great help.
Top tips for using the parlay bet calculator - all you need to know
So, our parlay betting calculator is all about being easy to use, no matter what specifics you want to use it for. But what are the top reasons to utilize this calculator? To satisfy your curiosity, here’s five top reasons to start calculating your accumulator bets.
Do we offer any other calculators?
It’s not just parlay betting calculators we offer. In fact, we have a wide range of tools to help you wrap your head around all different kinds of betting considerations. Just think of us as your one-stop-shop for all your betting calculator needs, including the following.
- Betting odds calculator: Need help in understanding more about your odds generally, not just in terms of parlay betting? Our general betting odds calculator has you covered.
- Odds value calculator: Check this out to understand the implied value of your odds in real terms.
- Betting odds converter: If you prefer one type of odds over another, this will convert them into an option you understand in no time, whether that’s decimal, fractional or American odds.
- Hedging calculator: Hedge betting to reduce risk or improve profitability can be a smart strategy, but it’s also a complex one. Or at least it was complicated before our dedicated hedge betting calculator.
- Sports betting hold calculator: Understanding the hold is vital in understanding the objective quality of your odds and bookmaker of choice. That’s why we’ve provided a calculator to make uncovering their quality so much easier.
- Spread to moneyline converter: For those betting on American markets, this calculator is vital in understanding how the spread should convert to a moneyline, so you can better spot the best markets.
Conclusion: Helping you enjoy parlays even more
Above all else, we hope our calculator unveils any misunderstandings, confusion or doubt around potential parlay bets. We think these bets are one of the most strategically intriguing and downright fun ways to bet out there. So, we want as many people as possible to enjoy them.
All we’re doing with this calculator is making it easy for you to get informed and dismantle the idea that parlay betting is only for experienced gamblers.This parlay betting calculator was built for everyone, to help all kinds of sports betting fans enjoy parlays and their favorite sports even more.
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Parlay betting calculator FAQ
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