Odds Parlay

2021年11月12日
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A parlay is a type of wager where multiple outcomes are selected. Each of the outcomes must win in order for the parlay to win. Any point spread tie reduces to the next lowest number of teams in the parlay. The odds for the number of teams placed in a parlay are based on the pay table below when the selections (point spreads and totals for football and basketball, games and segments) have a default line of -110. Listed below is the BetMGM/Borgata Online pay table.
*2 Team Parlay Odds
*Odds Parlay Calculator Payout
All Football and Basketball Parlays
(Point Spreads and Totals all - 110)
2 Teams
+260
3 Teams
+600
4 Teams
+1000
5 Teams
+2000
6 Teams
+4000
7 Teams
+8000
8 Teams
+15000
9 Teams
+30000
10 Teams
+60000
11 Teams+11000012 Teams+20000013 Teams+30000014 Teams+60000015 Teams+1000000
*A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win. To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7.
*A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams.
*Our parlay payouts are based on “true odds”, which depends on how many teams are chosen and the odds on those teams. If each pick of your parlay is a standard line (i.e., -110, where you must wager $110 to win $100), then the chart below will give you an approximate estimate of your payout.
The attraction of a parlay bet is that parlay odds increase for every event – or leg – that you introduce into your bet.
Parlay Odds Selections:
The legs in a Pay Table parlay all must meet the following requirements:
*Football, basketball (excluding money lines) and their halves or quarters
*Point spread or totals
*Default odds that are set at -110.
Maximum payoff on off the board parlays is 10000/1. Acceptance of all parlays is at the discretion of management.
Example 1: The 2-team parlay (See picture below) is a standard parlay paying 2.6 to 1 or 3.6 for 1. Using the Pay Table, $10.00 x 3.6 = $36.00 payout. Pay Table parlays are not calculated using “true odds” (-110 is not .9091 in this case). The Pay Table Multiplier section below explains the way that Pay Table odds are calculated.
PARLAY (2 TEAMS)
1 PARLAY @$10.00
24Jan PRO FOOTBALL
[302] COLTS
-71/2-110
22Jan PRO BASKETBALL
[702] BOBCATS
-6-110
Ticket Cost:
$10.00
To Win:
$26.00
Collect:
$36.00
WRIT2 SR_POS2
22Jan18 11:02:40
Pay Table Multiplier
This is the factor that, when used for each leg of a parlay, gives the Pay Table payout. For a 2-team parlay at default odds, the factor is a square root. For a 3-team parlay, it is a cube root, for a 4-team parlay, it is the 4th root of the payout.
The return on a 2-team Pay Table parlay at 2.6 to 1 is 3.6 for one, as the payout. The square root of 3.6 is 1.8974. This is the Pay Table Multiplier for 2-team parlays.
$10 X 1.89736 X 1.89736 = 36.00. Most popular casino table games no download.
Below is the pay table multiplier which is used as the method to calculate pay table parlays when the default odds are -110.The respective Pay Table Multiplier (shown below) by the True Odds Multiplier of the number (other than -110) minus the True Odds Differential (shown below).
2 Teams
1.89736
3 Teams
1.91293
4 Teams
1.82116
5 Teams
1.83841
6 Teams
1.85693
7 Teams
1.87344
8 Teams
1.87228
9 Teams
1.88536
10 Teams
1.89621
11 Teams1.8902712 Teams1.8840913 Teams1.8733914 Teams1.8615415 Teams1.84786
Non-Pay Table Parlays
We use the term Non-Pay Table parlay when at least one leg does not meet requirements 1 and/or 2 of the Pay Table parlay default odds section above.
Sports like Boxing, Baseball, and Hockey use Non-Pay Table Odds. Football money line bets also use them. The True Odds Multiplier section below explains the way that Non Pay Table odds are calculated.
Example 2: The 2-team parlay below uses the True Odds Multiplier because neither leg meets the Pay Table requirements, so $10 x 1.9091 x 1.9091 (rounded) = $36.45 payout.
PARLAY (2 TEAMS)
1 PARLAY @$10.00
30Jan PRO HOCKEY
[2] CAPITALS
-110
28Jan BOXING
[3605] MAYWEATHER
-110
Ticket Cost:
$10.00
To Win:
$26.45
Collect:
$36.45
WRIT2 SR_POS2
22Jan18 16:26:24
Example 3: The 2-team parlay below uses the Pay Table Multiplier for 105 because it meets all other requirements for Pay Table Odds (see Pay Table Parlays above). Note: The root for the Pay Table Multiplier is based on only the number of legs that meet the requirement. It usesthe True Odds Multiplier for 107 (-1/-120 = .8333) because that leg does not meet requirement 2. Although it is a Football game, it is a money line wager.
$10 x 1.9091 x 1.8333 = $35 payout.
PARLAY (2 TEAMS)
1 PARLAY @$10.00
Jan 08 NFL NFL WILDCARD PLAYOFFS
[105] FALCONS
+3-110
Jan 08 NFL NFL WILDCARD PLAYOFFS
[107] STEELERS Fabulous las vegas penny slots.
-120
Ticket Cost:
$10.00
To Win:
$25.00
Collect:
$35.00
TIMW BODINES T01
5Jan18 09:35:56
Pay Table Non-Default Odds
We use the term Pay Table Non-Default Odds when all legs meet requirements 1 and 2 of a Pay Table parlay: 1) Football, basketball, and their halves or quarters 2) Point spread or totals, but at least one leg does not meet requirement 3 because it hasodds that are not equal to the default odds.
Pay Table Non-Default parlays are not calculated using “true odds” (-120 is not .8333). The True Odds Differential section below explains the way that Pay Table Non-Default odds are calculated.
Example 4: The 2-team parlay below uses the Pay Table Multiplierfor default odds for 302 (which meets all the requirements of a Pay Table parlay like Example 1 above). However, the other leg (304 Saints) has non-default odds -120, so a factor called the True Odds Differential is used to adjust the True Odds Multiplier of the -120 to derive the new Pay Table Multiplier for non-default odds -120.
$10 x 1.8974 x 1.8216 = $34.56 (rounded to nearest nickel $34.55)
PARLAY (2 TEAMS)
1 PARLAY @$10.00
24Jan PRO FOOTBALL
[302] COLTS
-71/2-110
22Jan PRO FOOTBALL
[304] SAINTS
-3-120
Ticket Cost:
$10.00
To Win:
$24.55
Collect:
$34.55
WRIT2 SR_POS2
22Jan18 11:03:11
True Odds Differential2 Team Parlay Odds
The only time that the True Odds Differential is used is when a leg contains a Pay Table sport that has non-default odds for point spread or totals (Example 4 above has -3-120 instead of -3 -110).
Calculating the True Odds Differential for a Non-Default Odds leg when default odds = -110
(True Odds Multiplier of -110) - (Pay Table Multiplier of -110) = True Odds Differential
1.9091 - 1.8974 = .0117
Calculation to find the Pay Table Multiplier for Non-Default odds -120 in Example 4
True Odds Multiplier of -120 = 1.8333 – True Odds Differential = . 0117
Pay Table Multiplier of -120 = 1.8216Odds Parlay Calculator Payout
The only exception for not using the true odds differential is when the pay table multiplier exceeds that of true odds (-110 or .9091).
Calculations to find the True Odds Multiplier
When the Leg is a Favorite
When laying odds (money line is less than 0): (-1) x (100)/ (money line) +1.
Example: True Odds Multiplier for Money line: -110: (-1) x ((100)/ (-110)) +1 = 1.9091
When the Leg is an Underdog
When taking odds (money line is greater than 0): (money line)/ (100) +1 Example:
True Odds Multiplier for Money line: +130 = ((+130) /(100)) +1 = 2.3
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