What Is a Parlay?
A parlay is essentially the linking of two or more individual bets in a single wager. Each of those bets is referred to as a “leg” in that parlay, and all of them have to win for the parlay to get paid out. The more legs in the parlay, the greater the payout if you win.
One caveat to that is if one of your legs “pushes” or ties. For example, if your parlay is four legs on the total in four College Football games, and one of them hits that number exactly, then it is referred to as a “push.” That leg is then essentially voided out of your parlay, and if the other three all win, your payout will be calculated based on the odds of those three. Be careful, however, as some parlays may lose with a push depending on the provider, so check the terms and conditions carefully.
Should I Bet Parlays?
Parlays are generally a riskier bet than a straight-up wager because all of them need to win to pay out, so play them at your own risk. General advice is to keep the number of legs below four, as anything over four legs considerably decreases your chance of winning (depending on the odds involved). In a similar vein, it is easy to get drawn into building high-payout parlays, but these come with increased risk as each individual bet generally then has a lower chance of winning.
How To Use a Parlay Calculator
Our parlay calculator is extremely simple to use and understand. Input your wager and the odds of each leg of your parlay, and the CFN Parlay Calculator will give you the overall odds of the parlay and the potential payout. You can then use the CFN Betting Calculator to calculate the implied odds of your parlay winning.
Why Use a Parlay Calculator
Ahead of placing any bet, you should understand the odds and potential payout. That can be relatively simple with a straight-up bet but much more complicated once you have parlays and higher odds involved. That is where the CFN parlay calculator comes in, as it will allow you to calculate the odds and potential payout before you place the bet.