*Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Parlays are Two or more teams or totals combined to make one wager. All of your selections must cover the spread in order to win in a parlay.
You may estimate Parlay Payoffs by following steps (example provided):
Let's say you play the Pirates +150 and the Pirate game over 8 -120 in a two team parlay and you bet $100. Use the following steps to determine your winnings or should we say potential winnings.
- 1. Calculate Parlay Factor for each piece: if the price of the piece is positive - simply add one to get factor, if the price of the piece is negative v calculate reciprocal, multiply by -1, and then add one.
- 1.50 + 1 = 2.50
- -1.20 (take reciprocal or divide one by the negative price) 1/1.20 = 0.83 + 1 = 1.83
- 2. Multiply all factors - then multiply this factor times the bet amount - the result is the payoff (including your bet)
- 2.50 x 1.83 = 4.57 (now multiply this times your bet) x 100 = 457
- $457 is your total return if both pieces win (including your bet amount)
- 3. Subtract your bet from the figure calculated in 2 - Result is your winnings.
- 457 - 100 = 357 Winnings
This will also work for three, four, five,... team parlays, simply follow the steps. Note: This is will provide you with a rough estimate; actual winnings may differ due to rounding.
- In case of tie or no action the parlay will revert to lower level payoff, except in a 2 team parlay where a tie reverts to a straight bet.
- (!) All parlays are based on a true odds format except for parlay cards.
