Moneyline Payout Calculator
Parlay Calculator A parlay is a single bet that links together two or more individual wagers for a high payout. 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.
What Is Parlay Betting?
For underdogs, we divided the moneyline number by 100. For favorites, it is the exact opposite. We will take 100 and divide it by the money line number. So, for this example, we will take 100 and divide by 155 and get about $0.645 or about $0.65 in profit for every dollar that we bet. The money line-to-decimal formula is straightforward: Favorites - A negative value (-250) money line divide 100 by the number. 100/250 =.4 Underdogs - A positive value (+180) money line divide the number by 100. 180/100 = 1.8 Add 1 to the value for both favorites and underdogs.
Parlay Calculator To use this calculator, enter a bet amount and the odds on every leg of the parlay, up to 15 legs. For even money, put in 100 or -100. Do not enter anything other. Moneyline calculator, money line calculator, money line bet calculator, moneyline bet calculator, sports betting calculator, point spread calculator, spread calculator, moneyline payout calculator, pachostar, pachostar calculator, over/under calculator, moneyline calc, moneyline odds calculator.
Let's start by answering the question of “what is parlay”. Parlay is a special type of bet and is mostly seen in sports betting. However, it is possible to enter such bets in all kinds of games of chance. Simply put, it means that you bet on more than one “win” possibility at the same time. In order to make a profit, all of these possibilities must result in a winning. If only one is lost, all bets are deemed lost. In case of a tie, less payment is made.
Betting Payout Calculator
For a parlay sports betting, you must place a bet on at least two teams. This number can be increased, and for example, it is possible to place a bet in favour of 11 teams at the same time. The higher the number, the higher the payout rates. This is why players choose this type of bet: Even with a limited budget, you can get maximum payout rates. Using a betting odds calculator, it is possible to find out what the actual payout amount will be. Click here for an example parlay odds calculator.
Basically, it is possible to say that there are two types of parlay bet. These are:
- Point-spread parlay: Odds are fixed.
- Moneyline parlay: There are no fixed odds.
Point-spread parlay bets are simpler and the probability for each outcome is 50%. However, there is no fixed payout table for money line parlay bets because this is a progressive betting system. If you win a bet, you'll spend all your winnings to bet on the next match and this goes on and on. In theory, moneyline parlay bets have the highest payout rates.
Parlay Payouts
You can see the payout rates for point-spread parlay bets in the table below.
Number of Bets | Payout Values |
| 2 | 3 : 1 |
| 3 | 7 : 1 |
| 4 | 15 : 1 |
| 5 | 31 : 1 |
| 6 | 63 : 1 |
| 7 | 127 : 1 |
| 8 | 255 : 1 |
| 9 | 511 : 1 |
| 10 | 1023 : 1 |
| 11 | 2047 : 1 |
So, theoretically, if you bet on 11 teams and they all win, you can invest $ 1 USD and win $ 2,047. However, the likelihood of this is very low. Parlay bets really help you win a lot, but your chances of winning are not as high as you might think. If you have just started sports betting, we recommend you to stick to simpler bets.
When it comes to gambling on sporting events, there are many different types of bet you can place. A quite common one is the parlay. This is a bet that consists of two or more individual wagers. For a parlay to win, each of the individual wagers that make up the parlay has to win. If anyone of them doesn’t win, you won’t win the bet. 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. The main reason why these bets are so popular is that the parlay payouts can be quite large indeed.
A parlay bet that covers two wagers is often known as a double. Likewise, one that covers three wagers is often referred to as a treble. Due to their lower odds and higher payouts, these bets are great for players who have more cash to spend and enjoy taking a risk. Budget players can still get in on the parlay action by placing bets covering a smaller number of wagers.
It’s important to point out that you can still win a parlay even if not every individual wager results in a win. If one of them is a tie or is postponed, rescheduled or even cancelled, you can still receive a payout so long as all others win. You won't win the full amount, however. If you place a four-team parlay, and three out of four wins with one tie, your bet will pay out as a three-team parlay instead.
Odds for sporting events can get quite complex, especially for those new to sports betting. Combining different odds for different events can get even more confusing. That’s why many people use a parlay odds calculator. This is simply a sort of betting odds calculator that takes the odds of different wagers and puts them together to determine the overall odds and the total amount of money you stand to win based on your bet.
Moneyline Payout Calculator Formula
When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. Most of them are set up in different ways, but they all basically just need you to input the odds and payouts of all the wagers that make up the bet. If you’re thinking of placing a parlay bet, it’s always a good idea to use a calculator to see exactly what the payout is.