Calculate My 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.
DraftKings Parlay Calculator. Build, calculate, and analyze DraftKings sportsbook parlay bets. Pick Your Sportsbook. FanDuel BetMGM PointsBet. NFL NBA NHL College Basketball College Football. Parlay No games have been added to your parlay. How is a Parlay Calculated? The best way to calculate your potential winnings from a parlay is to convert the odds of each selection into decimal format. Let’s say you want to bet on the following selections for a parlay: Toronto Raptors to cover the spread against the Houston Rockets at -110 (1.91). How to calculate a parlay. The best way to calculate the payout on your parlay bet is to use the free parlay calculator above or enter your bets into the sportsbook app where you plan to place your bets and enter your game selections. The payout amount of a parlay can grow exponentially especially when large underdogs are included in the wager.
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.
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.
Calculate My Parlay Game
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?
Football Parlay Calculator
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.
