Most gamblers don’t care how a Parlay Calculator works.
But not you.
In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated. The parlay odds at most Las Vegas sportsbooks are: 2 teams 2.6 to 1 3 teams 6-1 4 teams 10-1 5 teams 20-1 6 teams 40-1 7 teams 80-1 8 teams 150-1. Online the odds are similar, though some sites such as BetNow. The basics of the parlay calculator have been explained, and you’ve seen how the odds on parlay betting works. Now you're ready to give those big odds a chance and cash in some fat payouts, as a serious MMA bettor mastering the parlay is a key component to long term profitability.
You are better than most!
On this page you’ll learn how a parlay calculator works and different strategies for improving your gambling skills. Here's the plan:
- How is a parlay calculated.
- Why should I care?
- What is a Parlay Bet?
- Parlay Odds Table.
- Getting Started with Parlay Tips
How is a Parlay Calculated?
Lets start with the math.
The parlay formula is straight forward. You multiply the wager amount along with the decimal odds for each team/fighter then subtract the wager amount.
UFC Parlay Calculation Formula
- Edson Barboza at 1.60
- Israel Adesanya at 2.90
- Max Holloway at 1.40
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
For all of us in the US, it’s a bit more complicated because we don’t see decimal odds very often. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula.
The money line-to-decimal formula is straightforward:
- Favorites - A negative value (-250) money line divide 100 by the number. 100/250 = .4
- Underdogs - A positive value (+180) money line divide the number by 100. 180/100 = 1.8
- Add 1 to the value for both favorites and underdogs.
- Plug these numbers into the parlay formula mentioned above.
Money Line Parlay Calculation Example
- Edson Barboza -165
- Israel Adesanya +190
- Max Holloway at -255
Steps 1 & 2.
- Edson Barboza 100/165 = .60
- Israel Adesanya +190/100 = 1.90
- Max Holloway at -100/255 = .40
Step 3 - Don't forget to add the 1.
Parlay Payout Table
- 1.6
- 2.9
- 1.4
Step 4 - Plug the numbers into the parlay calculator formula.
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
How Do Parlay Odds Work
Why Should I Care How the Parlay Calculator Works?
Calculate Moneyline Parlay
You should compare the results from this formula to what your sports book is paying to verify you’re getting the proper value on your wagers. If not, consider moving your business elsewhere.
An educated gambler is always a better gambler and with a thorough understanding of basic parlay principles you’ll soon spot profitable opportunities while recognizing common money pits.