That’s a bargain compared to the much-lower odds we see the further we go down the chart.Īsk two gamblers and you’re likely to get two different responses: A two-team parlay (assuming all bets being 50/50 propositions) has 4 possible outcomes (Win-Win, Win-Lose, Lose-Win, Lose-Lose), so you should hit 1 out of every 4 times or odds of 3-1 against you, yet the standard payoff for a 2 team parlay is 13-5 (2.6-1). The books also make money in the long run on parlays because they never pay close to the true odds. See the parlay bet payout chart below to see how much a 2 team parlay pays versus what a 5 team parlay pays (typical of what you’ll see at most sportsbooks, so let the bettor beware if your book isn’t offering odds as least as good as these). When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly. The payout amount of a parlay can grow exponentially especially when large underdogs are included in the wager.
Sports betting unit calculator free#
The best way to calculate the parlay bet payout is to use the free parlay calculator above or enter your bets into the sportsbook app where you plan to place your bets and enter your game selections. Use the parlay calculator above to see the parlay payout work for the bets you are considering, and remember that the sportbook has a much bigger advantage when you place a parlay bet. The more bets you include, and the longer the odds on each bet, the more potential for your parlay bet payout.and the lower your chances to cash in. If one pushes, the parlay bet payout gets reduced to the next lower number, so a 5 team parlay bet would become a 4 team parlay bet, a 4 team parlay bet becomes a 3 team parlay bet, a 3-team parlay bet becomes a 2-team parlay bet and a 2-team parlay bet gets converted to a straight bet. If any leg of the bet loses, you lose your original stake. Parlay bets must include at least 2 bets and all the “legs” of the parlay bet must win in order to cash. The reason the parlay bet payout is high is because these bets lower your odds of winning. What is parlay bet? Parlay bets are very popular, especially with novice bettors, as they have the potential for a high parley bet payout on a low bet amount since you get higher payouts than if you were to bet them individually as your bet accumulates like compound interest. The VSiN free parlay calculator allows you to input each of your bets for NFL, NBA, NHL, MLB, tennis, soccer, and other sports to instantly determine the value of your potential winnings. The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk.
When you are considering a parlay bet, the parlay calculator shows you the amount of the potential payout determined by the number of bets and the value of each bet. The free parlay calculator is the perfect tool for you to determine the value of your parlay bet on every sport. Parlay Definition Parlay bets are one of the most popular options in public sports betting.
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