Convert the American odds to decimal odds using our odds converter.Head to your Bet Slip on the right and click 'Parlay.' Some books won't even make you take this step, and will list the parlay right below or above single bets.Įvery sportsbook will calculate potential parlay winnings for you, and we've got a handy parlay calculator, but if you want to do it yourself, here's how.It's easy to make a parlay bet at a sportsbook like DraftKings. If all five are covered, however, the payout would be awfully high - around +2335 (win $230.35 on a $10 bet).Īnd that's how most people approach parlays - they use tons of games to create lottery-style payouts of 20-1, 100-1, or even 1,500-1. If only four teams in a five-team parlay cover, for example, it would be considered a loss, just the same as if only one of the five covered. Parlays can also consist of more than two teams, with the same rules applying. Rather, the bet is considered a loss as soon as one leg of your parlay has been lost. As you can see, the only way to win is for both teams to cover, but you are not penalized any more for losing both bets than for losing just one.