Below is a free Parlay calculator from Doc’s Sports. A parlay calculator can be a very useful tool when trying to determine the value of a parlay bet. To use this particular parlay calculator is very easy. First, type in the moneylines for each of the different wagers that you are including in your parlay. If you are trying to parlay games with spreads just type in -110 – unless your book has the juice as something different – for that wager against the spread. Next, change the amount in the “Risk” section of the parlay calculator to reflect how much you are looking to bet on this particular parlay. Finally, click “Calculate” and the parlay calculator will produce a figure in the “Payout” section that would reflect how much you are going to win for this particular bet.

For example:

Let’s say I wanted to use the parlay calculator to figure out how much a $50 wager on a 3-team parlay would pay out. I want to parlay three football games: the money lines for the Chicago Bears (-120) and Pittsburgh Steelers (-200) and then an against the spread wager on the New York Giants (-7).

First, I would type into the parlay calculator -120 (for the Bears), -200 (for the Steelers) and -110 (for the Giants, since the standard juice on any spread bet is -110).

Next, I would change the “Risk” amount to 50 to represent my $50 parlay.

Finally, I would hit “Calculate”. In the “Payout” section the result is 212.5. That means for my $50 risk amount the parlay calculator tells me I should be getting back at least $212.50.

This parlay calculator is a useful tool and is just another way that we here at Doc’s want to offer you every possible advantage to help with your gambling success.

Need winning football picks for your parlays? Visit the handicappers listed under the advisory board on the left side bar for expert picks. Also check out our free matchup reports as well as our NFL odds and college football odds feeds on the upper right sidebar.