• 12 Team Parlay Payout
• How Parlay Odds Are Calculated Total
• How Are Parlay Odds Calculated
• How Do You Calculate Parlay Odds

In the parlay number cruncher, you would add -200 for Bet 1, -110 for Bet 2, -145 for Bet 3, and -115 for Bet 4. The calculator does not need the 4.5 from the prop or the 6 from the totals bet. These numbers are important to your overall wager, but it’s the digits in. In order to calculate the parlay payouts, you start by multiplying all of the decimal odds together. 1.91 x 1.91 x 1.91 = 6.967 Then, you take this number and multiply it by your wager which will give you the total amount of money the sportsbook will give back to you.

The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.

Once you have the decimal moneyline odds for each team to cover the moneyline, you can then multiply them together: 1.5 x 1.67 x 2.5 x 2.1 = 13.15. That tells you that you would gain a return of. Parlay Calculator. The free parlay calculator allows you to create a bet that combines multiple games and provides the projected payout. The more games, the higher the risk but the greater the payout. In order for the parlay to win, each game must win or push (tie). Convert the odds for each game of the parlay into decimal format like above. A three-game parlay with American odds of +140, -110 and -160 would have decimal odds of 2.4, 1.909 and 1.625. Multiply all three to get the decimal odds for the entire parlay, like so: 2.4 X 1.909 X 1.625 = 7.44. Step 3: Calculate Total Parlay Payout.

Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).

Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.

Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.

How much does it pay and how do you win a parlay?

12 Team Parlay Payout

In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5-team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2-team parlay and one team wins and one tie; the wager becomes a straight single bet.

Try it out, simply put in the numbers and the parlay calculator will do the rest!

What is a Parlay?

How Parlay Odds Are Calculated Total

What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.

Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).

Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).

Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!

Do you need parlay betting advice?

How Are Parlay Odds Calculated

If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice.

If you bet on the Favorite, take the OVER. If you like the UNDERDOG, take the UNDER. The logic behind this theory is simple.

For example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side.

Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. If you buy a lottery ticket, in my view you're buying into the parlay strategy.

Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook.

How Do You Calculate Parlay Odds

Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!

Don't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go 'parlay tripping' with an 8-team to 10-teamer. Let's face it; if you can hit an 8-team or 10-teamer, you're going to cash a nice ticket. Just live within your means and bet what you can afford to lose.