How Are Parlay Payouts Calculated?
A parlay pays your stake times the product of every leg's decimal odds. See the formula, a worked three-team example and what happens when a leg pushes.
What Is InstaParlay?
InstaParlay builds parlays for you: pick a league, the number of teams and your risk, then flip each ticket to check the teams and odds before you accept it.
By the Lunaris Editorial TeamPublished Nov 4, 2026
InstaParlay is a Lunaris sports feature that builds parlays for you. You choose a league, the number of teams and your risk amount, and InstaParlay generates a set of ready-made parlay tickets. Each ticket has two sides: the front shows the potential win and the back shows the teams and odds. You flip, review, accept the ones you like and add them to your cart.
How InstaParlay Works
- Choose your sports league.
- Select the number of teams for each parlay.
- Enter your risk amount.
- Browse the generated parlays.
- Flip each ticket to see the teams and their odds.
- Accept or reject each ticket.
- Add accepted tickets to your cart and confirm.
The Two-Sided Ticket
| Side | What it shows |
|---|---|
| Front | The potential winning amount |
| Back | The teams in the parlay and the odds for each |
Always check the back before you accept. The front tells you what a ticket could pay; the back tells you what has to happen for it to pay.
A Worked Example
You pick the NFL, 3 teams and a $10 risk. InstaParlay shows several tickets. One of them:
| Selection | Odds |
|---|---|
| Team A moneyline | -110 |
| Team B moneyline | -110 |
| Team C moneyline | +150 |
The front of that ticket shows a total return of about $91.12 on $10, a win of about $81.12. All three teams must win for it to pay. How are parlay payouts calculated shows exactly where that number comes from.
InstaParlay, SportsLotto and the Sportsbook
| You choose | The tool builds | |
|---|---|---|
| Sportsbook | Every selection | Nothing: you build the parlay yourself |
| InstaParlay | League, teams, risk | Parlays to review, with their potential win |
| SportsLotto | Risk, teams, target win | Tickets that aim at your target win |
InstaParlay starts from your risk and shows you what each parlay could win; SportsLotto starts from the amount you want to win.
Before You Accept a Ticket
- Every team on a parlay must win for it to pay; one loss loses the ticket.
- If a selection is graded as a push, it is removed and the parlay pays on the remaining selections at adjusted odds.
- Potential winnings depend on the odds when you accept, and every wager is subject to acceptance.
Try it on the InstaParlay page. You must be 21 or over to play. Please play responsibly.
Reviewed November 4, 2026.
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