If you win two out of three plays, the parlay still loses, whereas you would have won those two plays as individual straight bets. You are given better odds because predicting the outcomes of several plays together is significantly more difficult than predicting any individual play.
To make it even simpler, use our Sports Betting Parlay Calculator. Enter the amount of your bet and the money line for each team. If betting a favorite, you must enter the line with a minus - sign at the beginning.
When ready, press the "Calculate" button to see your winnings. The parlay factor is calculated differently for favorites and underdogs. For the favorites, the parlay factor is calculated as: The Underdogs are a bit easier The parlay factor is: How to use the Parlay Calculator Enter the price, you do not have to enter the plus sign. Linemakers know you want to bet on the favorite and don't think that they won't take advantage of this! If you're interested in getting to grips with odds in general and learning all about how they work, head for our complete guide to sports betting odds.
With our sports betting calculator below, you can choose from the drop-down box the chance of an outcome happening. Does that match the online bookies' pricing? On this page you'll be able to convert sports betting odds using our sports betting calculator across the three different formats, or convert chance of winning percentages to each of the different formats, hassle-free and in a flash.
Here's how our betting calculator works. To use, simply input your known odds in either Moneyline American , Fractional UK or Decimal European odds into one of the boxes in the gambling odds calculator and click the convert button. The odds equivalent in all other formats will then be shown, as well as your expected profit, odds, and payout.
Remember that you would also have your original bet returned to you, so add that value to the profit for your total payout figure. The odds equivalent in all other formats will then be shown, as well as your expected profit.
When betting on the moneyline in American odds, the team that you are betting on just needs to win the game. The fractional odds displayed shows how much you can win on a bet compared to how much you put on it.
The first number will show how much you can win, when you place the second amount as a wager. With decimal odds, you will multiply your wager by the decimal shown, with the answer being what you will receive in winnings, including your original wager. We hope you make good use of our sportsbetting odds calculator and our odds converter app on this page. Now, put your knowledge to the test and sign up with one of our great sports betting sites.
Whether you're into baseball, football, basketball, or racing, you will find odds in all three formats and a great range of markets to wager on and with our handy sports betting calculator, things couldn't be easier! From there, you divide the right-hand side — one — by the total figure — three — giving the answer of When looking to make a bet, speed is key, something that our sports betting calculator can help with.
Input your type of odds, given odds, and total bet, and the betting calculator will handle the rest.