What is a Parlay Calculator?
In sports betting, a parlay calculator is a tool used to calculate the potential payout of a parlay bet. ‘Parlay betting’ is the act of betting on multiple handicap lines in a linked bet. Parlay bets are a form of accumulator – the odds are multiplied based on the increased risk and the variable changes, and a loss of one bet is a loss of the entire stake.
Parlay Calculator Explained
A popular form of sports betting is parlay betting, where gamblers select multiple handicap lines and wager that all point spread predictions will fall exactly as they picked. Parlays are common in football games where several matches are often played at once, or over the same day. A player can select multiple matches and work their bet as one. Parlay bets are risky, as they require multiple point spread predictions to come in exactly as stated. Variations above or below the point spread will result in a lost bet – and if any part of the parlay bet loses, the entire stake is also lost.
A parlay bet calculator is a piece of software designed to help players calculate their potential returns from a parlay bet. Players can add multiple lines and proposed stakes into the program, and it will work out how much would be generated if all bets came in successfully. The tool is designed so that point spread lines can be easily adjusted, and players can see the impact of a lower or higher bet. Parlay calculators are extremely useful when working out how to cancel out bets with strategic counter-wagers.
There are many of these parlay calculator tools available for free use at online casinos. Professional gamblers who need a more advanced program can pay for licensed software, which can complete more sophisticated programs and which can search the internet for live odds and point spreads.