How do I calculate odds and winnings for a mix parlay bet? Tue, Sep 29, 2020 Betting on Specific Type The final odds for a mix parlay bet is determined by multiplying the individual odds for each selection. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. It indicates how much you will win based on the odds and total wagered. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. Below is an explanation on how to bet on sports by using our betting odds calculator to get all the.
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A parlay is a single bet that links together two or more individual wagers for a high payout.
For Fixed Odds Parlay, where the Standard Money Line is '-110', a 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, a five team parlay might pay 20/1 and a six team parlay might pay 40/1 and so forth, with the payouts getting higher with more teams or totals selected.
|No. of Teams||Las Vegas Payout||Global Book Payout|
Let's assume that a patron would like to bet 100.00 for a 2 team parlay. The fixed odds for it would be 13/5.
Useful for both Negative '-' and/or Positive '+' Money Lines, including Single Straight Bets!NOTE:
If betting a favorite, you must enter the line with a minus (-) sign at the beginning. If betting the underdog, money line with a plus (+) sign at the beginning is not required.
In order for the parlay bet to win, every one of the wagers must win or push (tie).
If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is 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 ties, the wager becomes a straight bet.