A parlay is a single bet that multiplies two or more individual odds from multiple events for a much higher overall payout. In order for the parlay to win, each game must win or push (tie). If any of the games lose, the entire bet loses.
To use our parlay calculator, simply select the odds used (American, Decimal or Fractional) for the calculation and enter your chosen odds, and our calculator will calculate your winnings, payout & probability of winning depending on your odds and bet amount.
Odds are numbers, which are used to calculate the winning ratio for any given stake. In general, the rule is - the higher the odds, the lower the probability of winning.
Yes, you can always change the format in which you view the odds. In addition to decimal (European) odds, you can switch formats to fractional (UK) and American odds. If you are registered, you can choose from the list of different formats at any time by clicking the link in your profile settings. You can then use those settings across devices. If you do not have an OddsExplorer account yet, the link is available in the left column, above the indicated time zone.