The free parlay calculator allows you to create a bet that combines multiple games and provides the projected payout. The more games, the higher the risk but the greater the payout. In order for the parlay to win, each game must win or push (tie). If any of the games lose, the entire wager loses. NFL Parlay Optimization Calculator. Add bet to Optimize. Remove bet from your optimized bets. Exclude bet from your optimized bets. Add bet back to bet pool. Note: You cannot build (or bet) parlays that include Money Line and Spread bets for the same game. NFL betting and NFL parlays go hand in hand, and aside from straight wagering, NFL parlay bets are the most popular type of wager placed on the NFL An NFL parlay is a bet where you combine multiple selections into a single wager, with all of the selections needing to win for your bet to win.
The OddsChecker team analyzes every team and outcome at the start of the NFL season and delivers industry leading NFL predictions for football fans everywhere. This is a great way to keep things interesting all season long around your game to game NFL picks and parlays. This is often easier done when using decimal odds, for example, a three-team parlay with each selection at odds of 3.0 would be calculated by 3.0 x 3.0 x 3.0 for 27.0 or 27-1 parlay odds. NFL parlay picks.
Use the free hedging calculator (arbitrage) below to find how much to wager to guarantee profits. You can also vary your hedge bet amount and see the resulting profit depending on the results.
Hedge Calculator Examples
There are many examples in sports betting where you may want to hedge (or arbitrage) your original bet. Using this hedging calculator simplifies the math for you. You no longer need to manually figure out how much you need to be laying on each side.
How to Hedge a Parlay Bet
Say you have a $5 bet on a five team NFL parlay:
- Detroit Lions -110
- New York Giants -110
- New England Patriots -110
- Dallas Cowboys -110
- Green Bay Packers -110
Using our parlay calculator, you would see that the parlay would return $126.80 at +2436 odds.
You have already won the Lions, Giants, Patriots, and Cowboys bets. The Green Bay Packers play the Chicago Bears on Monday Night Football and you have two options:
- Let the parlay ride and hope the Packers win
- Hedge your parlay and place a bet on the Chicago Bears (-110)
If you want to hedge the parlay, you would be on the Chicago Bears. Using the hedge calculator, you would plug in the following inputs:
- Original Bet: $5
- Original Odds: +2436
- Hedge Odds: -110
The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38.
The Other Way to Hedge a Parlay
Using a round robin is another way to hedge a parlay. While this hedge doesn't include betting on both sides of the game, it does mean that you don't need every leg of your parlay to hit.
A round robin is simply a series of smaller parlay bets that create unique combinations of your original parlay. The odds aren't quite as good for these bets, although they also have a higher likelihood of winning compared to a parlay.
How to Hedge a Live Bet
Say you bet $10 on the New York Knicks moneyline against the Houston Rockets at odds of +350.
In the 2nd quarter, the Knicks are up 15 points and the Rockets have a live moneyline of -120. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets.
If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55.
Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a guaranteed profit of $10.46.
Hedge Calculator Frequently Asked Questions
How do I use the hedge bet calculator?
Simply enter your original bet amount, original bet odds, and your hedge bet odds into the calculator. It will output the bet amount needed in order to guarantee a profit no matter the result of the game.
What if I don't want a guaranteed profit?
You can use the bottom section of the calculator to vary the hedge bet amount. The box at the very bottom will show you your profit depending on which side of the bet wins.
What is the difference between hedging and arbitrage sports betting?
A hedge will decrease your risk while maintaining some amount of profit. Arbitrage (scalping) guarantees a profit no matter what the result of the bets are.
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Nfl Parlay Calculator
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Parlay Payout Calculator Nfl
What is a Parlay?
A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.
With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)
Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.
Say you have a $5 bet on a five team NFL parlay:
- Detroit Lions -110
- New York Giants -110
- New England Patriots -110
- Dallas Cowboys -110
- Green Bay Packers -110
Using our parlay calculator, you would see that the parlay would return $126.80 at +2436 odds.
You have already won the Lions, Giants, Patriots, and Cowboys bets. The Green Bay Packers play the Chicago Bears on Monday Night Football and you have two options:
- Let the parlay ride and hope the Packers win
- Hedge your parlay and place a bet on the Chicago Bears (-110)
If you want to hedge the parlay, you would be on the Chicago Bears. Using the hedge calculator, you would plug in the following inputs:
- Original Bet: $5
- Original Odds: +2436
- Hedge Odds: -110
The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38.
The Other Way to Hedge a Parlay
Using a round robin is another way to hedge a parlay. While this hedge doesn't include betting on both sides of the game, it does mean that you don't need every leg of your parlay to hit.
A round robin is simply a series of smaller parlay bets that create unique combinations of your original parlay. The odds aren't quite as good for these bets, although they also have a higher likelihood of winning compared to a parlay.
How to Hedge a Live Bet
Say you bet $10 on the New York Knicks moneyline against the Houston Rockets at odds of +350.
In the 2nd quarter, the Knicks are up 15 points and the Rockets have a live moneyline of -120. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets.
If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55.
Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a guaranteed profit of $10.46.
Hedge Calculator Frequently Asked Questions
How do I use the hedge bet calculator?
Simply enter your original bet amount, original bet odds, and your hedge bet odds into the calculator. It will output the bet amount needed in order to guarantee a profit no matter the result of the game.
What if I don't want a guaranteed profit?
You can use the bottom section of the calculator to vary the hedge bet amount. The box at the very bottom will show you your profit depending on which side of the bet wins.
What is the difference between hedging and arbitrage sports betting?
A hedge will decrease your risk while maintaining some amount of profit. Arbitrage (scalping) guarantees a profit no matter what the result of the bets are.
Related posts:
- $100
- $200
- $500
- $1000
Nfl Parlay Calculator
- Big Game Special
- Chiefs @ Bucs
- NJ/PA/IN/TN/CO/WV/MI
- Boosted from +333
- Chiefs @ Bucs
- PA/NJ/CO
- 2 per week
- Paid in Free Bet
- Available in CO
- Chiefs @ Bucs
- Super Bowl
- NJ/IL/IN/IA/CO
- Boosted From +200
- Super Bowl LV
- NJ/PA/CO/IN/WV/TN
- Boosted From +1100
- Chiefs @ Bucs
- IL/NJ/WV/IN/CO/TN/IA
- Super Bowl Special
- Plus Signup Bonus
- PA/IN/IL/CO/MI
- Free $30
- NCAA Football
- NJ/IN/PA
Parlay Payout Calculator Nfl
What is a Parlay?
A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.
With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)
Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.
For example, look at this hypothetical $10 MLB parlay:
- New York Yankees -210
- Boston Red Sox -165
- Over 8 -120 (Washington Nationals vs. Atlanta Braves)
Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.
Now look at this $10 parlay of NFL underdogs:
Vegasinsider Parlay Calculator
- Philadelphia Eagles +180
- Indianapolis Colts +250
- New York Giants +365
Again, enter the parlay prices and the wager amount. This time the payout is $445.7 since the parlay consists of big underdogs.
Odds Parlay Calculator
Keep in mind, most sportsbooks do not allow correlated parlays. So you would not be able to parlay the Eagles moneyline and the Eagles spread together, since the Eagles covering the spread increases the odds of the Eagles winning the moneyline. You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers.
Nfl Betting Parlay Calculator
The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.
