This is because parlay bets are an extremely popular form of betting, all the while being incredibly hard for the average person to calculate. The way all the different odds combine together to create one final price in parlay betting seems to have no rhyme or reason.
But despair not, there is a way to calculate these evasive odds. There is a calculator to take the edge off calculating your odds.
Don’t think we will just throw you over to the pencil-and-paper mode to try and do the math in your head. We will joyfully guide you toward the wonders of plugging your bets into a parlay bet calculator and letting it do all the dirty work for you.
If you’ve never used a parlay bet calculator, worry not. We’re here to give you a full breakdown of what it is and how to use it.
What Is a Parlay Bet Calculator?
A parlay bet calculator is also a self-explanatory name: it’s a calculator that works out the total odds of a parlay bet.
While you need to have mad skills for calculating the overall odds of multiple selections all by yourself in a parlay bet (which turns it into a very tricky task,) luckily there are parlay calculators everywhere around you. What was once a challenging exercise, is nowadays a piece of cake with so many betting odds calculators at hand.
With a parlay bet calculator, all you need to do is input the information of each wager on your betting slip, and it will calculate your total return and overall profit. They’re really easy to use and so much quicker than trying to work out everything in your head.
How To Use A Parlay Bet Calculator
While a parlay bet calculator is simple to use, it could turn tricky, so we’re going to give you a step-by-step guide on how to use them.
By the end of this guide, you’ll know exactly how to use one and will be able to calculate your returns on any parlay you choose, with a great calculator!
Once all that information is in the calculator, just hit the calculate button, and you’ll be given your total returns and your overall profit!
Tips for Using a Parlay Bet Calculator
We’ve seen just how easy it is to calculate a parlay bet, but if you want to make sure things go smoothly, remember these helpful tips.
Having to input multiple odds into the calculator can get confusing, but it’s even more confusing if you’re not using the same odds format as your betting site.
Save yourself the headache and change the odds format in the settings so they match.
You’d be surprised how often people make the same type of mistakes when using a parlay calculator; whether it’s inputting the same bet twice or skipping over a bet, it’s very easy to mess up in this section.
There’s no timer on a parlay bet calculator, so take all the time you need when inputting your odds.
It’s so easy to skip over a selection or input the same one twice, so once you’re ready to hit that calculate button, make sure to go over your selections one more time to ensure they’re right.
Pros and Cons of the Parlay Bet Calculator
While parlay bet calculators are useful, they do have their twists & turns, so let’s take a look at the pros and cons of using them.
🔹 They allow you to easily calculate complex parlay bets within seconds.
🔹 You can change the odds format in the settings.
🔹 You can easily change the number of selections when editing your bet.
🔸 There’s no way to know if you’ve made a mistake by inputting the same bet twice.
🔸 If you change the number of selections, you often have to enter all the odds again.