How To Calculate Money Line Parlay Payouts

A 2 team parlay might pay 13 5 a three team parlay might pay 6 1 a four team parlay might pay 10 1 and so forth with the payouts getting higher with more teams or totals selected. For a single bet 2 to 8 teams or totals can be selected.

Moneyline Betting Explained Sports Interaction

A 50 bet on the tampa bay rays for instance would calculate as 140 100 which yields 1 4 multiplied by 50 1 4 50 70.

How to calculate money line parlay payouts. Multiple all of the underdog and favorite lines together to get the total odds value of your parlay. How to calculate a parlay payout. 2 8 x 3 5 x 1 71 x 1 45 24 29.

The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds. A parlay provides sports bettors with the exciting opportunity to earn a large payout despite staking a relatively small amount of money. Now that we understand how to calculate individual moneyline profits we need just a few more steps in order to calculate a parlay payout.

To calculate odds divide the odds by 100 and multiply that product by the amount of the wager. A parlay is a single bet that links together two or more individual wagers for a high payout. A 10 winning bet would pay off 24 29 x 10 242 90.

The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Enter the lines of your wagers into the column marked lines. Enter your bet in dollars where it.

Make sure you remember to put a minus sign in front of the favorites. Dolphins 100 to win 170 so the total payout would be 270 270 100 2 7. If anyone of them doesn t win you won t win the bet.

The 50 wager would return 80 30 to the bettor 30 30 profit plus the original 50 bet. For example with your above odds. So your odds will equal 24 29 1.

Generally speaking the more wagers there are that make up the parlay the lower the odds of winning are and the higher the payout is. For a parlay to win each of the individual wagers that make up the parlay has to win. It can also be a great way to gain more value when betting.

Giants 150 to win 100 so the total payout would be 250 250 150 1 6666. Potential profit stake x odds 100 since you also get your stake back with a winning wager this needs to be taken into account when calculating your total payout.

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