A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

Plus Minus Betting Calculator Online

NOTE: If betting a favorite, you must enter the line with a minus (-) sign at the beginning. If betting the underdog, you must enter the line with a plus (+) sign at the beginning.Parlay Calculator based on Global Sportsbook Odds. Welcome to the overround calculator website. We have built all the tools you need to make your sports betting (and specifically your navigation of different bookmaking markets) experience better! Below we have a overround calculator and also some more information about overround and bookmaking markets in general. You can use our betting calculator to check what the odds mean in percentage terms. To break even betting on an outcome that is predicted to hit at a 60% rate you need to be getting odds of -150. If you’re getting better odds, i.e., -150 to a positive number (+100), then it’s a +EV bet to make, and you should place the bet.

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.

If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds correlate to probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table. An odd with a plus sign means how much you could win with a stake of 100 dollar. Does the odd show a minus sign it means how much you have to place to earn a profit of 100 dollar. Example: Odd +250 At a stake of 100 Dollar you can win 250 Dollar.

Plus Minus Betting Calculator Formula

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).