Calculate Money Line Parlay

A money line parlay is a type of sports betting where you combine multiple individual bets (legs) into a single wager. If all the legs win, you win the parlay; if any leg loses, the entire parlay loses. This calculator helps you determine the potential payout of a money line parlay based on your wager amount and the odds of each leg.

What is a Money Line Parlay?

A money line parlay, also known as a parlay or accumulator bet, is a wager that combines two or more individual bets (legs) into a single bet. Each leg has its own odds, and the parlay's total odds are calculated by multiplying the decimal odds of each leg.

For example, if you bet on three legs with odds of +200, -150, and +300, the parlay's total odds would be calculated as follows:

Total Odds = (1 + (200/100)) × (1 - (150/100)) × (1 + (300/100))

= 3 × 0.5 × 4 = 6

This means the parlay has +500 odds (6:1 payout).

How to Calculate Parlay Payout

To calculate the potential payout of a money line parlay, follow these steps:

Convert each money line to decimal odds:
- Positive money line (+X): Decimal odds = 1 + (X/100)
- Negative money line (-X): Decimal odds = 1 - (X/100)
Multiply the decimal odds of all legs to get the total decimal odds.
Convert the total decimal odds back to money line format:
- If total decimal odds > 2: Money line = +((Total Odds - 1) × 100)
- If total decimal odds < 2: Money line = -((1/Total Odds) × 100)
Multiply the money line by your wager amount to get the potential payout.

Note: Parlay payouts are calculated based on the total odds of all legs combined. The payout is not the sum of individual payouts.

Example Calculation

Let's calculate the payout for a 3-leg parlay with the following money lines:

Leg	Money Line	Decimal Odds
1	+200	3.00
2	-150	0.50
3	+300	4.00

Total decimal odds = 3.00 × 0.50 × 4.00 = 6.00

Total money line = +((6.00 - 1) × 100) = +500

If you wager $100, the potential payout is $500.

Common Mistakes

When calculating money line parlays, avoid these common mistakes:

Adding individual payouts instead of multiplying decimal odds
Ignoring the negative sign in money lines
Assuming the payout is the sum of all legs' payouts
Not accounting for the risk of losing the entire parlay if any leg loses

Remember: Parlay bets are high-risk, high-reward wagers. Only bet what you can afford to lose.

FAQ

What is the minimum number of legs for a parlay?: The minimum number of legs for a parlay is typically 2, though some bookmakers may require more.
Can I include parlays in other types of bets?: Yes, some bookmakers allow you to include parlays in other types of bets, such as teasers or prop bets.
How do I know if a parlay is a good bet?: A good parlay has favorable odds on each leg and a reasonable risk-reward ratio. Use our calculator to evaluate potential payouts.
Are parlays available for all sports?: Parlays are generally available for most sports, but availability may vary by bookmaker and jurisdiction.
What happens if a game is canceled or postponed?: If a game is canceled or postponed, the parlay may be voided, and you may receive a refund or have the bet canceled.