So in total you would receive $149.28 profit. Had you have bet these individually it would look like this You staked $100 so your profit would be $200.77. In this example, if the 2 team parlay won (Both the rockets and magic won) a stake of $100 would return a payout of $300.77. Each selection has it’s own odds but by placing both selections in to a parlay wager, the odds increase as both selections must win. For example ORL Magic -185 and HOU Rockets -105. What is a Parlay?Ī parlay wager consists of at least 2 selections. It’s not an easy task to work out a two team parlay never mind 15! So a parlay calculator is an essential tool for all bettors. Keep an eye on your account (or create a BetMGM account to bet online) and the sports bet promotions page for Parlay Boosts on MLB odds, NHL odds, and more throughout the year.A Parlay Calculator is a tool that works out your parlay wagers payout. In other cases, you can early Parlay Boosts by participating in promotions. In some cases, a 10% boost is added to your account as a bonus for being a BetMGM customer. The Parlay Boost increases your reward without increasing risk by adding an odds boost to your parlay.
(In this example with rounded-off decimals for simplicity’s sake, the payment differs by a few cents.) What is a Parlay Boost?Īt BetMGM, you can inject steroids into your parlays for even better odds and a bigger potential payout with a Parlay Boost. Third, multiply the multiplier by your wager amount to get your payout: 2.39 x 50 = $119.50. And, using the betting odds converter, you can convert the decimal multiplier back to American odds for the new parlay odds (+139). Second, multiply the decimal odds to get your multiplier: 1.36 x 1.36 x 1.29 = 2.39. The decimal odds for your three-leg NFL parlay: There are three steps to calculate parlay odds and payout:įirst, using a betting odds converter, convert American odds into decimal odds.Īmerican odds represent the amount you can win for every $100 wagered (e.g., +120 is $100 to win $120) or the amount you must wager to win $100 (e.g., -200 is $200 to win $100), whereas decimal odds represent the amount you win for every $1 wagered (e.g., 1.8 is $1 to win $1.80 ).
#Parlay sports calculator how to#
But how does BetMGM calculate parlay odds and payout? How to Calculate Parlay Odds & Payouts The parlay odds and payout is automatically calculated on your BetMGM bet slip.
Instead of placing a $50 bet to win $68.18 (profit of $18.18), you might combine the Bucs’ money line with other Week 1 bets to increase your odds and potential payout.īy adding the Bills’ and Rams’ money lines, your odds increase to +139 and your potential payout increases to $119.54 (profit of $69.64). Maybe you’re browsing Week 1 NFL betting lines and like the Tampa Bay Buccaneers to beat the Dallas Cowboys in the Thursday Night Football opener but don’t love the Bucs’ money line (-275). You can view One Game Parlays and Cross Sport Parlays on the BetMGM homepage, along with sport- and event-specific pages like NBA odds or NFL odds. Pre-packaged parlays include an odds boost for a larger payout than if manually built by selecting each wager for a custom-built parlay. You can select a pre-packaged parlay like a One Game Parlay or Cross Sport Parlay in which a combination of single- or multi-sport odds are curated based on popularity, customer interest, and entertainment value. How to Place a Parlay BetĪt BetMGM, you have several options for placing a parlay bet. And while parlay odds are automatically calculated and displayed on your bet slip, knowing how to calculate parlay odds can be helpful in identifying low-risk, high-reward value for a parlay bet. With a user-friendly platform, it’s never been easier to create single- or multi-sport parlays with two, three, 10, or 15 legs. Parlays are popular betting opportunities that allow fans to use their sports and betting expertise to build multi-leg bets for better odds and increased payouts.Īt BetMGM, you can browse odds for dozens of sports and thousands of events throughout the year.
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