4 Team Parlay Payout Calculator

4-Team Parlay Payout Calculator

function convertOddsToDecimal(odds) { var parsedOdds = parseFloat(odds); if (isNaN(parsedOdds) || parsedOdds === 0) { return NaN; // Invalid odds } if (parsedOdds > 0) { return (parsedOdds / 100) + 1; } else { // Negative odds return (100 / Math.abs(parsedOdds)) + 1; } } function convertDecimalToAmerican(decimalOdds) { if (decimalOdds >= 2.00) { return '+' + Math.round((decimalOdds – 1) * 100); } else { return '-' + Math.round(100 / (decimalOdds – 1)); } } function calculateParlayPayout() { var betAmount = parseFloat(document.getElementById("betAmount").value); var team1Odds = document.getElementById("team1Odds").value; var team2Odds = document.getElementById("team2Odds").value; var team3Odds = document.getElementById("team3Odds").value; var team4Odds = document.getElementById("team4Odds").value; var resultDiv = document.getElementById("result"); resultDiv.style.color = '#333'; // Reset color for new calculation if (isNaN(betAmount) || betAmount <= 0) { resultDiv.innerHTML = "Please enter a valid Bet Amount."; return; } var decOdds1 = convertOddsToDecimal(team1Odds); var decOdds2 = convertOddsToDecimal(team2Odds); var decOdds3 = convertOddsToDecimal(team3Odds); var decOdds4 = convertOddsToDecimal(team4Odds); if (isNaN(decOdds1) || isNaN(decOdds2) || isNaN(decOdds3) || isNaN(decOdds4)) { resultDiv.innerHTML = "Please enter valid American odds for all teams (e.g., -110, +150)."; return; } var totalDecimalOdds = decOdds1 * decOdds2 * decOdds3 * decOdds4; var potentialPayout = betAmount * totalDecimalOdds; var potentialProfit = potentialPayout – betAmount; var totalAmericanOdds = convertDecimalToAmerican(totalDecimalOdds); resultDiv.innerHTML = "Total Parlay Odds (Decimal): " + totalDecimalOdds.toFixed(2) + "" + "Total Parlay Odds (American): " + totalAmericanOdds + "" + "Potential Payout: $" + potentialPayout.toFixed(2) + "" + "Potential Profit: $" + potentialProfit.toFixed(2); }

Understanding 4-Team Parlay Bets

A parlay bet is a single wager that links together two or more individual bets, known as "legs." For a parlay to win, every single leg within the parlay must be successful. If even one leg fails, the entire parlay loses. While parlays offer significantly higher payouts compared to individual bets, they also come with a much higher risk due to the increased difficulty of all selections winning.

How Parlay Payouts Are Calculated

The payout for a parlay is determined by multiplying the odds of each individual leg together. This multiplication results in much larger cumulative odds than if you were to bet on each leg separately. To perform this calculation accurately, American odds (like -110 or +150) are first converted into decimal odds. The decimal odds of each leg are then multiplied to get the total parlay odds, which is then multiplied by your initial bet amount to determine the potential payout.

American Odds Explained:

• Positive Odds (+X): These odds indicate how much profit you would make on a $100 bet. For example, +150 means a $100 bet would win $150 profit, returning $250 total.
• Negative Odds (-X): These odds indicate how much you need to bet to win $100 profit. For example, -110 means you need to bet $110 to win $100 profit, returning $210 total.

Example Calculation:

Let's say you place a $10 parlay with the following American odds:

• Team 1: -110
• Team 2: +150
• Team 3: -120
• Team 4: +200

First, convert each to decimal odds:

• -110 becomes (100 / 110) + 1 = 1.909
• +150 becomes (150 / 100) + 1 = 2.50
• -120 becomes (100 / 120) + 1 = 1.833
• +200 becomes (200 / 100) + 1 = 3.00

Next, multiply the decimal odds together:

1.909 * 2.50 * 1.833 * 3.00 = 26.208 (Total Decimal Odds)

Finally, multiply by your bet amount:

$10 (Bet Amount) * 26.208 = $262.08 (Potential Payout)

Your potential profit would be $262.08 – $10 = $252.08.

Using the 4-Team Parlay Payout Calculator

Our calculator simplifies this complex process. Simply enter your desired bet amount and the American odds for each of your four chosen teams. The calculator will instantly display the total parlay odds (both decimal and American), your potential payout, and your potential profit if all your selections win. This tool is invaluable for understanding the risk and reward associated with multi-leg bets and for comparing potential returns across different parlay combinations.