Most gamblers don’t care how a Parlay Calculator works.
Parlay Calculator Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. Betting Calculator Parlay Calculator. The total odds for a parlay is simply the product of the decimal prices for each market in the parlay: (Price 1). (Price 2). (Price n) n = number of bets in the parlay. If you were to have a three-team parlay with the prices 1.45, 1.20 and 1.55 the total odds for the parlay would be 1.45. 1.20. 1.55 = 2.70. How to Calculate Parlay Odds. Things can get a little hairy with multiple wagers and different odds formats. Our free parlay calculator does the math instantly. Even serious numbers gurus can use it to check their work or compare odds based on the standard parlay betting formula, which uses several steps. Step 1: Convert Betting Odds.
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Multiply the decimal odds together to get your multiplier. Multiply the multiplier by your bet amount. Subtract your original stake to get the parlay odds. So if you're parlaying three teams at - 110 in American odds, your formula looks like this, since - 110 in decimal odds is 1.91. How to Calculate a Parlay Payout: Now that we understand how to calculate individual moneyline profits, we need just a few more steps in order to calculate a parlay payout. The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds.
On this page you’ll learn how a parlay calculator works and different strategies for improving your gambling skills. Here's the plan:
- How is a parlay calculated.
- Why should I care?
- What is a Parlay Bet?
- Parlay Odds Table.
- Getting Started with Parlay Tips
How is a Parlay Calculated?
Lets start with the math.
The parlay formula is straight forward. You multiply the wager amount along with the decimal odds for each team/fighter then subtract the wager amount.
UFC Parlay Calculation Formula
- Edson Barboza at 1.60
- Israel Adesanya at 2.90
- Max Holloway at 1.40
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
For all of us in the US, it’s a bit more complicated because we don’t see decimal odds very often. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula.
Determine Parlay Odds
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.
- Plug these numbers into the parlay formula mentioned above.
Money Line Parlay Calculation Example
- Edson Barboza -165
- Israel Adesanya +190
- Max Holloway at -255
Steps 1 & 2.
- Edson Barboza 100/165 = .60
- Israel Adesanya +190/100 = 1.90
- Max Holloway at -100/255 = .40
Step 3 - Don't forget to add the 1.
- 1.6
- 2.9
- 1.4
Step 4 - Plug the numbers into the parlay calculator formula.
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
Why Should I Care How the Parlay Calculator Works?
You should compare the results from this formula to what your sports book is paying to verify you’re getting the proper value on your wagers. If not, consider moving your business elsewhere.
Odds Parlay Calculator Payout
An educated gambler is always a better gambler and with a thorough understanding of basic parlay principles you’ll soon spot profitable opportunities while recognizing common money pits.