Prop Parlay Calculator
Props are some of the most entertaining sports wagers, but can you parlay props bets? While these parlays are a bit more risky, you certainly can. They offer a dynamic way to bet on specific outcomes during a game.
With this calculator, you can easily determine potential payouts and make informed decisions before placing your bets. Whether you’re a seasoned bettor or exploring prop parlays for the first time, this tool will give you the edge you need to make smarter bets.
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What is a Prop Parlay?
A prop parlay combines multiple proposition bets, or “props,” into a single wager, requiring all selections to win for the parlay to pay out.
Unlike traditional parlays, which focus on game outcomes, prop parlays center on specific events or player performances within a game—such as a quarterback’s passing yards or the total number of three-pointers made in an NBA game.
Prop parlays are generally riskier than traditional parlays because props can be more unpredictable. However, the potential rewards are higher, as combining multiple props multiplies the payout odds.
Bettors often use prop parlays to maximize their returns on low-stake wagers while enjoying a more personalized and strategic betting experience.
How Do Prop Parlays Work?
Prop parlays work by multiplying the odds of individual prop bets to determine the overall payout. Here’s a step-by-step breakdown:
- Choose Your Props: Select two or more proposition bets you want to include in your parlay. For example, you might bet on Player A to score over 25 points and Player B to make over 3.5 three-pointers.
- Calculate the Odds: Convert each prop’s odds into decimal format. For instance, if Player A’s bet is +150, its decimal odds are 2.5.
- Multiply the Odds: Multiply the decimal odds of all props in the parlay. In our example, if Player B’s odds are +200 (3.0 in decimal), the combined odds are 2.5 × 3.0 = 7.5.
- Determine the Payout: Multiply the combined odds by your stake to calculate the potential payout. For a $10 wager, the payout would be $10 × 7.5 = $75.
Example:
If you parlay three props with decimal odds of 2.0, 1.8, and 2.5, the combined odds are 2.0 × 1.8 × 2.5 = 9.0.
A $20 bet on this parlay would return $180 (9.0 × $20).
Best Props Wagers For Parlays
Certain props are particularly well-suited for parlays because of their potential value and predictability:
- Player Totals (e.g., points, rebounds, or passing yards): These are popular due to the abundance of historical data and trends that help inform your decisions.
- Game-Specific Events (e.g., first touchdown scorer): While higher-risk, these props often have lucrative odds that can significantly boost your parlay payout.
- Team Props (e.g., total team goals): These are relatively straightforward and can provide a stable base for your parlay.
Selecting props with correlated outcomes can also improve your chances. For instance, betting on a quarterback’s passing yards and a wide receiver’s receiving yards in the same game may align strategically.
Pros and Cons of Prop Parlays
Props often get a bad reputation because a lot of them are luck-based wagers, and don’t require any skill to research. However, as we saw above, certain props have more value than others. Both kinds have their pros and cons, just like how prop parlays have their advantages and disadvantages.
Pros:
- Higher Payouts: Combining props amplifies your potential winnings.
- Customizable Bets: Prop parlays allow you to tailor your wagers to specific players or events you find exciting or insightful.
- Entertainment Value: These bets add an extra layer of excitement to watching games, as every play can impact your parlay.
Cons:
- Higher Risk: Missing just one prop causes the entire parlay to lose.
- Less Predictable: Props often depend on specific scenarios, making them harder to predict than traditional bets.
- Limited Availability: Some sportsbooks may restrict the types of props eligible for parlays.
Tips for Winning Prop Parlays
Building a great prop parlay is challenging, but following these tips will lead you in the right direction.
Focus on Correlated Props
Choose props that have a logical connection or complement each other to increase your chances of success. For instance, if you’re betting on a quarterback to throw for over 300 yards, pairing it with a wide receiver to catch over 100 yards can align strategically. Correlated props reduce the randomness in outcomes and create a more cohesive betting strategy.
Avoid Overloading Your Parlay
While it might be tempting to include numerous legs to maximize potential payouts, every additional prop increases the difficulty of winning. Stick to a manageable number of props—ideally 2-4—that you feel confident about. Keeping your parlay concise improves your odds of cashing in and prevents unnecessary risk.
Research Player and Team Trends
Understanding how players and teams perform in specific scenarios can give you a major edge. For example, look at how a star player performs against certain opponents or in home versus away games. Historical data and trends can provide valuable insights, helping you choose props with a higher likelihood of hitting.
Utilize Your Prop Parlay Calculator
Always use the calculator to evaluate the potential payout and ensure the risk aligns with your betting strategy. This step can also help you compare the profitability of different combinations before committing your stake. Proper calculation takes the guesswork out of betting and helps you make more informed decisions.
Diversify Props Across Games
If possible, avoid putting all your prop bets into a single game, as unforeseen circumstances in one game (e.g., an injury or a blowout) can derail your entire parlay. Spreading your bets across multiple games can reduce risk and provide a buffer against unexpected outcomes.
Capitalize on Props with Clear Benchmarks
Some props, like total passing yards or three-pointers made, have established benchmarks that are easier to research and predict. Focus on these props rather than high-risk options like “first player to score.” By targeting props with reliable data, you can make more confident selections.
Get Prop Parlays Picks Today
Prop parlays can elevate your betting experience, offering thrilling opportunities and significant payouts. By combining strategic selections and leveraging our Prop Parlay Calculator, you can make more confident and informed wagers.
Ready to start winning? Visit our picks page now to access premium prop parlay predictions from top handicappers. Take your betting game to the next level today!