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What does a $20 two team parlay pay?

What does a $20 two team parlay pay? A $20 two team parlay pays $72.89 assuming both legs of the parlay were bet at -110 odds. This would result in a profit of $52.89.

sportsbookscout.com - Parlay Payout Calculator (with Push) for Sports Betting 2022

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Do you need to bet the money line to bet a parlay?

Find the odds of winning your sports bet parlay with the free parlay calculator (with push) below.

How to Use the Parlay Calculator

Enter your wager amount and odds (yellow fields) for each leg of the parlay and you will see your potential profit, equivalent American and Decimal odds, as well as the implied win probability of your parlay bet. For a single bet, enter odds in American format. A minus sign (-) indicates a favorite while a plus sign (+) indicates an underdog. Moneyline odds are the most common bets in a parlay, however you can select any type of bet. A money line bet is a wager on which team you think will win. Therefore money line bets are the most straight forward and easiest to interpret, especially when there are multiple in a parlay.

See Your Parlay Odds with Bets that Push

You can also check the Push boxes if your bet has pushed. Checking this box will adjust the parlay odds to account for the fact that you have pushed a given bet. A “push” or tie, means that your bet will not cause your parlay to be graded as a loss. Instead that leg of the parlay will basically be ignored when calculating the payout of your parlay. A bet could push if you bet on a point spread or total that hit exactly. For example, if the New York Knicks were +8 against the Los Angeles Lakers and lost by exactly 8 points, that would be a push.

Parlay Payouts Chart

Number of Bets in Parlay Fair Payout (-110 Odds) Fractional Odds Fair Payout on a $10 Bet Implied Win Probability 2 Team Parlay 3.64 2.64/1 $36.45 27.4% 3 Team Parlay 6.96 5.96/1 $69.58 14.4% 4 Team Parlay 13.28 12.28/1 $132.83 7.5% 5 Team Parlay 25.36 24.36/1 $253.59 3.9% 6 Team Parlay 48.41 47.41/1 $484.13 2.1% 7 Team Parlay 92.42 91.42/1 $924.24 1.1% 8 Team Parlay 176.45 175.45/1 $1,764.46 0.6% 9 Team Parlay 336.85 335.85/1 $3,368.52 0.3% 10 Team Parlay 643.08 642.08/1 $6,430.82 0.2%

X Team Parlay Payouts

While this parlay calculator gives you the option to add multiple “legs” or “teams” to a bet, it is sometimes more helpful to have a pre-set payout number based on how many legs are in your parlay. See below for a helpful chart showing how the risk and reward changes based on how many legs are in your parlay:

2 Team Parlay Payout

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A 2 team parlay is the most straightforward parlay since it only includes two teams. Using standard -110 odds on each leg of the parlay, a fair two team parlay payout is 3.64 times whatever your wager amount was. If you bet $10 on a two team parlay with both legs at -110 odds, your payout would be $36.45 and your profit would be $26.45 ($36.45 – $10 bet).

3 Team Parlay Payout

A 3 team parlay payout will return more than a 2 team parlay payout due to a lower win probability (14.4% vs. 27.4%). Using standard -110 odds on each leg of the parlay, a fair three team parlay payout is 6.96 times whatever your wager amount was. If you bet $10 on a three team parlay with all legs at -110 odds, your three team parlay payout would be $69.58 and your profit would be $59.58 ($69.58 – $10 bet).

4 Team Parlay Payout

A 4 team parlay payout will return more than a 3 team parlay payout due to a lower win probability (7.5% vs. 14.4%). Using standard -110 odds on each leg of the parlay, a fair four team parlay payout is 13.28 times whatever your wager amount was. If you bet $10 on a four team parlay with all legs at -110 odds, your four team parlay payout would be $132.83 and your profit would be $122.83 ($132.83 – $10 bet).

5 Team Parlay Payout

A 5 team parlay payout will return more than a 4 team parlay payout due to a lower win probability (3.9% vs. 7.5%). Using standard -110 odds on each leg of the parlay, a fair five team parlay payout is 25.36 times whatever your wager amount was. If you bet $10 on a five team parlay with all legs at -110 odds, your five team parlay payout would be $253.59 and your profit would be $243.59 ($253.59 – $10 bet).

6 Team Parlay Payout

A 6 team parlay payout will return 48.41 times your wager amount using -110 odds for each leg of the parlay. A six team parlay has a 2.1% percent chance of winning and is equivalent to +4741 in American odds and 48.41 in decimal odds. If you bet $10 on a six team parlay with all legs at -110 odds, your six team parlay payout would be $484.13 and your profit would be $474.13 ($484.13 – $10 bet).

7 Team Parlay Payout

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A 7 team parlay payout will return 92.42 times your wager amount using -110 odds for each leg of the parlay. A seven team parlay has a 1.1% percent chance of winning and is equivalent to +9142 American odds and 92.42 in decimal odds. If you bet $10 on a seven team parlay with all legs at -110 odds, your seven team parlay payout would be $924.24 and your profit would be $914.24 ($924.14 – $10 bet).

8 Team Parlay Payout

A 8 team parlay payout will return 176.45 times your wager amount using -110 odds for each leg of the parlay. An eight team parlay has a 0.6% percent chance of winning and is equivalent to +17545 American odds and 176.45 in decimal odds. If you bet $10 on an eight team parlay with all legs at -110 odds, your eight team parlay payout would be $1,764.46 and your profit would be $1,754.46 ($1,764.46 – $10 bet).

9 Team Parlay Payout

A 9 team parlay payout will return 336.85 times your wager amount using -110 odds for each leg of the parlay. A nine team parlay has 0.3% percent chance of winning and is equivalent to +33585 American odds and 336.85 in decimal odds. If you bet $10 on a nine team parlay with all legs at -110 odds, your nine team parlay payout would be $3,368.52 and your profit would be $3,358.52 ($3,368.52 – $10 bet).

10 Team Parlay Payout

A 10 team parlay payout will return 643.08 times your wager amount using -110 odds for each leg of the parlay. A ten team parlay has a 0.2% percent chance of winning and is equivalent to +64208 American odds and 643.08 in decimal odds. If you bet $10 on a seven team parlay with all legs at -110 odds, your ten team parlay payout would be $6,430.82 and your profit would be $6,420.82 ($6,430.82 – $10 bet).

Sport Specific Parlay Calculators

A sport specific parlay calculator like our baseball parlay calculator focuses on common baseball parlay bets like Over/Under, Runline, player props, etc. This also allows you to put in things like player props or other bet types as well.

Parlay Betting FAQ

sportsbookscout.com - Parlay Payout Calculator (with Push) for Sports Betting 2022

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