Parlay Odds Formula
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets. When successful, it offers greater returns to the investor since it links up many events for a higher payout. This is often easier done when using decimal odds, for example, a three-team parlay with each selection at odds of 3.0 would be calculated by 3.0 x 3.0 x 3.0 for 27.0 or 27-1 parlay odds. NFL parlay picks. We have free NFL parlay picks for every week of the season from the most popular NFL betting markets – against the spread, money line.
Best Parlay Odds
- Odds of -135 and +115 equal total parlay odds of +274 A $100 wager at odds of +274 equals potential return of $374.25 – the original wager plus a profit of $274.25. That’s an excellent return if you’re correct in both cases, but the bet will be a loser if you’re only right on one of them.
- Parlay formula bets are only available for horse racing bets in Australia. The bettor has selected a formula of two for the parlay bet, this means, that two.
It’s always important to get good odds and prices no matter what type of bettor you are. But let’s keep things in perspective when talking parlay odds. Getting better payout odds on your 15 team parlay is like getting your powerball ticket at 25% off. Sure, you were a little smarter in both scenarios, but Warren Buffett isn’t about to send you an invitation to be an intern.
The majority of smart parlay bettors will bet small combinations. A two, three and sometimes four team parlay is usually preferred. There are three main reasons for this, followed by our list of sportsbooks with the best parlay odds.
(No. 1) You lose the ability to line shop. If one of your betting sites is offering a great line on game A and the other has a juicy line in game B, the only thing you can do is straight bet each of them. The more legs in your parlay, the more likely you will have poor odds since you must fill the parlay with odds from a single sportsbook.
(No. 2) This should really be 1a because it’s also about getting, or not getting, the best line. If the Patriots line finally moves down to -2.5 but the Colts line has not yet moved as you’d hoped, you have to place the parlay now or risk losing the favorable Pats line. If you are betting a small parlay, you stand a better chance of getting the lines in range of what you want. Parlay payouts need to make up for these disadvantages in order to be successful. That’s why parlay bettors must use our payout chart or the chart from their individual sportsbook before betting.
(No. 3) One advantage parlay betting does have is you can forecast how one game will play out and fill two legs of a two team parlay with the spread and total, making it a correlated parlay. Correlated parlays can work to the bettor’s advantage. The most common correlated parlay is betting the underdog and the under or the favorite and the over. But beware, the more additional legs that are added to the parlay the less the advantage with the correlation.
For these reasons Predictem has focused on the most popular three parlays. If you are primarily a parlay bettor, don’t blindly join the sportsbooks that straight bettors recommend. Not all books have good parlay odds.
Parlay Odds Payout Chart
| Sportsbook | 2-team parlay | 3-team parlay | 4-team parlay | 15 Team Parlay |
|---|---|---|---|---|
| BetAnySports | 2.64/1 | 6/1 | 12.28/1 | 16307/1 |
| Betonline | 2.64/1 | 6/1 | 12.28/1 | 16307/1 |
| BetNow | 2.64/1 | 6/1 | 12.28/1 | N/A |
| Sportsbetting | 2.64/1 | 6/1 | 12.28/1 | 16307/1 |
| WagerWeb | 2.64/1 | 5.95/1 | 12.28/1 | 16331/1 |
| Bookmaker | 2.64/1 | 5.95/1 | 12.28/1 | 16307/1 |
| Bovada | 2.64/1 | 5.95/1 | 12.28/1 | n/a |
| MyBookie | 2.64/1 | 6/1 | 12/1 | n/a |
Note:
You may also hear these bets referred to as “Accumulators”. An accumulator is the same exact thing as a parlay. This is the terminology used across the pond in Europe. You may also hear the word “Parlay Card”. This term derives from the old days, back when you would grab a pre-printed card at your favorite sportsbook, circle your bets and then give it to the ticket writer at the sportsbook. Local bookies also used to operate this way as well. Lastly, you may also hear these wagers referred to as combo bets or multi bets.
Best Teasers
| 3 Team: | 6 pt Teasers | 6.5 pt Teasers | 7 pt Teasers |
|---|---|---|---|
| 1.8/1 | 1.65/1 | 1.5/1 | |
| 1.65/1 | 1.5/1 | 1.35/1 | |
| 1.6/1 | 1.5/1 | 1.35/1 |
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