PolyOddsTools
Calculator

Parlay Calculator

Enter two or more legs to calculate combined decimal odds, estimated hit probability, potential payout, and potential profit.

Combined odds3.78
Hit probability26.88%
Potential payout$94.5
Potential profit$69.5

Method

How it works

A parlay combines multiple selections into one calculation. Decimal odds are multiplied to estimate the combined price, while the stake is multiplied by that price to estimate payout. The probability field is separate: it reflects your assumptions and is multiplied across legs only as a simple independence estimate.

How to use this calculator

  1. 1Enter the stake you want to model.
  2. 2Add each leg and enter its decimal odds.
  3. 3Enter an estimated probability for each leg if you want a hit-rate estimate.
  4. 4Review combined odds, potential payout, potential profit, and the independence-based hit probability.

Educational example

Two-leg payout example

For a $25 educational example with decimal odds of 1.80 and 2.10, the combined odds are 3.78.

Potential payout: $94.50. Potential profit: $69.50. This does not account for void rules, limits, taxes, or correlated outcomes.

Common use cases

Check a quoted payout

Recalculate a multi-leg price before relying on a displayed return.

Compare fewer legs

Remove one leg to see how much probability and payout change.

Teach parlay math

Use transparent inputs to explain why payout rises as hit probability usually falls.

Limitations

The basic calculation assumes each leg settles independently. Same-game selections, related markets, pushes, dead heats, boosts, and operator-specific settlement rules can make the displayed estimate inaccurate.

Frequently asked questions

How are parlay odds calculated?

Multiply the decimal odds for every included leg.

Does a higher parlay payout mean better value?

No. Payout alone does not show whether your probability estimate is accurate or whether the price has positive expected value.

Can correlated legs be multiplied directly?

Direct multiplication can overstate the true hit probability when outcomes are related.