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What is a Parlay Bet?

A parlay bet combines multiple individual bets into a single bet. To win the parlay, all the individual bets must win. The payout of a parlay bet is higher than single bets because the risk is greater.

How to Use the Parlay Calculator

1. Enter the Stake Amount: Input the amount you want to wager on the parlay.
2. Enter the Odds for Each Bet: Input the odds for each individual bet. You can use any format:
   • Fractional (e.g., 1/2)
   • Decimal (e.g., 2.50)
   • American (e.g., +150)
3. View the Results: The calculator will display the combined odds and potential payout for the parlay.

Example Scenario

Suppose you place a $100 parlay bet with odds of 2.50, 1.80, and 3.00. Enter these values into the respective fields. The calculator will display the combined odds and potential payout for the parlay.

Tips and Tricks

• Parlay bets offer higher payouts but come with higher risk. Consider the risk before placing a parlay bet.
• Use the calculator to explore different combinations of bets and find the most favorable parlay.

Frequently Asked Questions

What happens if one of my bets loses in a parlay?

If one of the individual bets in a parlay loses, the entire parlay bet loses.

Can I include different types of bets in a parlay?

Yes, you can include different types of bets (e.g., moneyline, point spread, totals) in a parlay, as long as they are allowed by the bookmaker.