Parlay Calculator for Sports Betting Odds, Winnings, and Payouts

parlayLearn how to distinguish between parlay and parley, two words that are often confused. Parlay means to increase or use something, while parley means to negotiate or discuss.Conversely in a parlay, you still wager on two teams but with the orinal spread and with better payout odds (usually 3:1). Teasers and parlays can be played with 2,3,4,5 teams or more.