Parley betting calculator
Ron Raymond
A Parley betting calculator, also known as a cumulative or combo betting calculator, does calculations for multiple bets, but handles them as if the set of bets were an individual bet. The advantage of a Parley bet is that the profit on winning is much higher than if each individual bet was placed separately.
If any of the bets on the Parley are lost, the entire Parley is lost. If two or more of the bets on the Parley have the same outcome, the Parley reverts to a smaller number of bets and as a consequence the odds of winning are reduced.