Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!ĭon't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go "parlay tripping" with an 8-team to 10-teamer. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook. Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. If you buy a lottery ticket, in my view you're buying into the parlay strategy. Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. The logic behind this theory is simple.įor example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. If you like the UNDERDOG, take the UNDER. If you bet on the Favorite, take the OVER. If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice. Or, go to and let the calculator take care of it for you! Subtract your bet from the figure calculated in 2.
$457 is your total return if both pieces win (including your bet amount). Now multiply the result by 100 (4.57x100). The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Multiply this factor times the bet amount. Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83). If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). If the price of the piece is positive, simply add one to get the factor. Use the following steps to determine your winnings or should we say potential winnings.Ĭalculate the parlay factor for each piece. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. What is a "Parlay"? Two or more teams or totals can be combined to make one wager. Try it out, simply put in the numbers and the parlay calculator will do the rest! If you place a 2-team parlay and one team wins and one tie the wager becomes a straight single bet. 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. Also, if one or more selections are a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. In order for a parlay bet to win, every one of your wagers must win or push (tie). How much does it pay and how do you win a parlay? If they are -220 on the money line, enter -220. Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). the New York Yankees, enter "-150" in the box. Example: If the Boston Red Sox are a PK -150 favorite vs. *Note: VERY IMPORTANT, make sure when putting in favorites, you add the minus in front of the number.
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16). For example if I were to place a $20 wager on 3 football teams, at -110 money line odds, my parlay payout would be $119.16. The Parlay Calculator indicates how much money sports bettors would win if they placed a bet on a certain number of games.
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