Nfl Parlay Calculator
Generate optimal DraftKings NFL sportsbook parlay bets. Specify the type of bet you want in the optimal parlay. Choose up to 3 games to include in the optimal parlay. Too many locks Unlock a game or increase the parlay size. We couldn't generate a -bet parlay. Here's the next best parlay. Our parlay calculator is designed to help players realize what the odds of their parlay bet will be before they actually make the bet with the bookmaker. By entering odds of the different bets you plan to include in your parlay, you can get the final odds of your entire slip without even signing up with any online bookmaker.
- Parlay bets are one of the most popular options in public sports betting. The free parlay calculator is the perfect tool for you to determine the value of your parlay bet on every sport. When you are considering a parlay bet, the parlay calculator shows you the amount of the potential payout determined by the number of bets and the value of.
- Generate optimal DraftKings NFL sportsbook parlay bets. Specify the type of bet you want in the optimal parlay. Choose up to 3 games to include in the optimal parlay. Too many locks Unlock a game or increase the parlay size. We couldn't generate a -bet parlay. Here's the next best parlay.
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.
Vegas Insider Nfl Parlay Calculator
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 $10.46.
Hedge Calculator Frequently Asked Questions
How do I use the hedge bet calculator?
Simply enter your original bet amount, original bet odds, and your hedge bet odds into the calculator. It will output the bet amount needed in order to guarantee a profit no matter the result of the game.
What if I don’t want a guaranteed profit?
You can use the bottom section of the calculator to vary the hedge bet amount. The box at the very bottom will show you your profit depending on which side of the bet wins.
What is the difference between hedging and arbitrage sports betting?
A hedge will decrease your risk while maintaining some amount of profit. Arbitrage (scalping) guarantees a profit no matter what the result of the bets are.
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In the boxes under 'Odds' enter the moneyline odds of each game in your parlay.
If you choose a favorite, you must enter the moneyline with a minus (-) sign at the beginning (e.g. -120). Note: Most standard pointspread and total wagers have -110 moneyline odds.
If you choose an underdog, simply enter the moneyline odds; no plus sign (+) is necessary (e.g. 120).
Do not include decimal points.
Ignore the boxes that are not included in your parlay (leave '0' in each box; they will not be factored into the parlay).
Enter the amount of your wager in the box next to 'Amount($)' and click on 'Calculate'. The amount of a winning parlay wager will appear in the box next to 'Payout'. Note: The 'Payout' does not include the amount wagered.
To calculate another parlay, click 'Clear' and start again.
Good luck!