![]() To get the decimals odds, you would calculate using this formula: Using odds of +150, you would wager $100 to win $150, so the total payout would be $250. So to get the decimal odds, you would calculate using this formula: Using odds of -130, you would need to risk $130 to win $100, so the total payout would be $230. To convert American odds to decimal odds, you take the total payout of the wager and divide it by the amount wagered. ![]() The easiest way to do this is with our odds converter, but if you want to do it by hand, here’s how it works: Converting American odds to decimal odds Your parlay calculation would look like this:Īmerican odds cannot simply be multiplied together - each leg needs to first be converted to decimal odds. How parlay odds are calculatedĬalculating parlay odds is simple when using decimal odds: Simply multiply the odds from each leg together to get the parlay odds.įor example say you wanted to combine two bets into a parlay. ![]() Learn more about parlay betting with our parlay betting guide. The more picks you add to your parlay, the larger the potential payout grows. Instead of wagering a set bet amount on a single game, event or prop, parlay betting offers you the option to tie together two or more of these picks and risk a set bet amount in hopes of a larger payout.
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