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Parlay Betting in Cricket- How to Calculate Your Winnings?

Parlay betting is a popular way to combine multiple wagers into a single ticket, offering the chance for bigger payouts. Instead of placing individual bets on cricket matches, you can bundle them together into one parlay. However, there’s a catch- all bets in the parlay must win for you to cash out. If even one bet loses, the entire parlay is a bust.

For Indian bettors, understanding how to calculate parlay payouts can be tricky, especially when dealing with decimal odds, which are the most commonly used format in India. This guide will walk you through how to use a parlay calculator and provide cricket-specific examples in rupees to make it easier for you.

Parlay Decimal Calculator

e.g. 2.0

What is a Parlay Bet?

A parlay bet combines two or more wagers into one ticket. For example, you could bet on-

  • Team A to win a T20 match.
  • Player B to score over 50 runs in an ODI.
  • Player C to take more than 5 wickets in a Test match.

If all these bets win, you get a higher payout than if you had placed them individually. But if even one bet loses, the entire parlay is lost.

How to Use a Parlay Calculator?

1. Select Odds Format- In India, decimal odds are the most common. Make sure your calculator is set to decimal odds (e.g., 1.50, 2.00, etc.).

2. Add Your Bets- Input the odds for each bet in your parlay. For example-

  • Bet 1- Team A to win at odds of 1.80.
  • Bet 2- Player B to score a half-century at odds of 2.50.
  • Bet 3- Team C to take more than 5 wickets at odds of 1.90.

3. Enter Your Stake- Input the amount you want to wager in rupees. For example, ₹1,000.

4. Calculate Your Payout- The calculator will multiply the odds of all your bets and show your potential payout.

Calculating Parlay Bet

Let’s say you want to place a parlay bet on the following cricket matches-

  • India to win a T20 match- Odds of 1.60.
  • Virat Kohli to score 50+ runs in an ODI- Odds of 2.20.
  • Australia to take more than six wickets in a Test match- Odds of 1.80.

You decide to wager ₹1,000 on this parlay. Here’s how the payout is calculated-

  • Step 1- Multiply the odds- 1.60 (India) × 2.20 (Kohli) × 1.80 (Australia) = 6.336.
  • Step 2- Multiply the total odds by your stake- 6.336 × ₹1,000 = ₹6,336.

Your Potential Payout–

  • Total Winnings- ₹6,336 (including your original ₹1,000 stake).
  • Profit- ₹5,336.

If any of these bets lose, the entire parlay is lost, and you get nothing.