Because of the money line, there are no set payoffs for tying a number of teams together in parlays. Payoffs are determined by a simple formula that changes the money line into a decimal number and combines it with the other lines in the parlay. The first step is to change the money line into a decimal value. Use the chart below for this purpose.
-1.05 = .95
-1.85 = .54
-1.10 = .91
-1.90 = .53
-1.15 = .87
-1.95 = .51
-1.20 = .83
-2.00 = .50
-1.25 = .80
-2.10 = .48
-1.30 = .77
-2.20 = .45
-1.35 = .74
-2.30 = .43
-1.40 = .71
-2.40 = .42
-1.45 = .69
-2.50 = .40
-1.50 = .66
-2.60 = .38
-1.55 = .64
-2.70 = .37
-1.60 = .62
-2.80 = .36
-1.65 = .61
-3.00 = .33
-1.70 = .59
-3.25 = .31
-1.75 = .57
-3.50 = .29
-1.80 = .55
-4.00 = .25
Enter the moneyline of your plays into the lines column. Favorites must have a minus in front of line, such as -110, -120, etc. Underdogs, just enter the price, such as 160. Don't enter anything into factor boxes. Enter the bet amount in Bet ($) box Click, calculate parlay to display the net win amount. The net is the total amount returned for a winning bet, which is the actual bet amount plus winnings.
For each PRICE or ODDS QUOTE on your teams, look at their respective PAYOFFS (to $1) and always ADD $1 to these payoffs. Multiply your BET times the products of these payoffs (+$1) for your parlay return.
Example: Bet $50 on Cardinals (-150) Parlayed to Tigers (-130)
BET
CARDINALS
TIGERS
RETURN
(-150)
(-130)
$50
X
1.67
X
1.77
=
$147.80
RETURN INCLUDES THE $50 BET.
USE THE SAME METHOD FOR ANY NUMBER OF TEAMS Example: Bet $75 on Cubs (+150) to Reds (-135) to METS (EVEN) for 3 Team Parlay
BET
CUBS
REDS
METS
RETURN
(+120)
(-135)
(EV)
$75
X
2.20
X
1.74
x
2.00
=
$574.00
(1.00 + 1.20)
(1.00 + .74)
(1.00 + 1.00)
RETURN INCLUDES THE $75 BET. BE SURE TO DEDUCT THE ORIGINAL BET FROM THE THE TOTAL PAYOFF. REMEMBER TO ALWAYS ADD $1 TO PAYOFF PRICE TO FIGURE ALL PARLAYS.