1. What is a Moneyline Parlay?

A moneyline parlay combines multiple moneyline bets into a single wager where all selections must win for the bet to pay out. The potential payout is higher than individual bets due to the multiplied odds.

2. How Does the Calculator Work?

The calculator uses the moneyline parlay formula:

Where:

• \( ml_i \) — Moneyline odds for each selection (positive or negative)
• \( stake \) — Initial wager amount
• \( n \) — Number of selections in the parlay

Explanation: For each selection, convert the moneyline odds to decimal format, multiply all decimal odds together, then multiply by the stake amount.

3. Importance of Parlay Calculations

Details: Understanding potential payouts helps bettors make informed decisions about risk vs. reward when combining multiple wagers.

4. Using the Calculator

Tips: Enter your stake amount and at least one moneyline odds value. You can add up to three moneylines in this calculator. Positive odds (e.g., +150) and negative odds (e.g., -110) are both acceptable.

5. Frequently Asked Questions (FAQ)

Q1: How do I calculate payouts for negative moneylines?
A: Negative moneylines work the same way - just enter them as negative numbers (e.g., -110).

Q2: What happens if one leg of my parlay loses?
A: The entire parlay loses - all selections must win for the parlay to pay out.

Q3: Are there limits to how many legs I can parlay?
A: Sportsbooks typically allow up to 10-15 legs, though payouts become extremely unlikely with many legs.

Q4: How do sportsbooks make money on parlays?
A: The true odds payout is slightly reduced by the vig or "juice" built into each moneyline.

Q5: Are parlays a good betting strategy?
A: While parlays offer higher payouts, they have lower probability of winning than individual bets.