Should all four-hit, though, you'll stand to win much, much more than if you had placed these bets individually. By doing this, you will miss on your investment if any one of your four selections loses. But if you parlay them, you tie all four division winners to the same wager. You could, of course, lay down $25 per prediction on four separate predictions, this way the bets can be made independent of one another. Say you're checking out the latest NFL odds and want to invest $100 in division winners for all four blocks in the NFC.

While this doesn't increase the possibility of a loss, because a sole miss ruins the whole bet slip, it is a great way of drumming up your potential winnings. This way, all the outcomes, whether they hit or are successful, are tied together. Parlay bets involve taking multiple wagers and combining them into a single large. Parlay Betting Calculator Breakdown How Parlay Betting Worksīefore getting into the nitty-gritty of a parlay betting calculator, you need to understand what these wagers actually are.

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