On the other hand, when the stars align in your bet and your parlay hits, the payouts can be huge! A $10 5-team parlay at +5000 odds would pay out $500 if all five teams win, 50 times your bet. Even if you pick 4 out of 5 games correctly and one leg fails, the whole parlay results in a loss. To win a parlay, all your selections must be correct. Parlays are an exciting way to bet and can lead to massive winnings from a small stake. The risk in parlay betting is higher, but so is the potential payout. But not anymore - our free parlay calculator makes it a breeze to determine the possible winnings for your parlay wager. Calculating potential parlay payouts manually used to be frustrating and time-consuming. Again… we recommend staying away from these. They are so attractive due to the fact that you can bet a little to win a lot. The downside is that the risk also increases with each added bet. The more bets you include, the higher the potential payout. ![]() ![]() You need to win all the wagers in the parlay to win the bet. A parlay is a single bet that links two or more individual wagers together. Even though we recommend that beginners stay away from them, they can be captivating. Ever seen someone hit a huge sports betting winner? Chances are it was a parlay bet.
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