In order to calculate parlay odds you will need to use the Decimal odds format. If you are most comfortable with otakparlay the American betting odds format, you can either convert the numbers yourself or change the settings on the online sportsbook you use.
To do the conversion on your own, follow this simple formula.
Favorites (listed as negative numbers) are divided from 100 then add 1.0
Underdogs (listed as positive numbers) are divided by 100 then add 1.0
Let’s say we want to parlay a favorite who -150 with an underdog who is +360. Here’s what the formula looks like for those numbers.
Parlay Betting in Vegas
Become a Line Shopper!Different Vegas casinos offer different games, odds, and bonuses. This applies to all parts of the casino including the sportsbooks.
While most of the lines that are set will be similar across the major locations, be sure to compare the properties off the main strip as some places might have slightly different lines that could be more favorable to the bettor. This strategy takes some legwork on your part but it can pay off big when you find a great line no one else has seen.
Finding better odds and lines makes a particularly big difference when you’re betting parlays since it increases the multiplier on your overall bet.
Parlay Betting on Football
NFL betting is a booming industry, especially as more eyes become glued to more games each week. The big reason for the growing number of viewers tracking each game has to do with the evolution of fantasy league play. With more people following more games each week, the spillover to traditional sports gambling is inevitable.
There is a misconception in the gambling world that parlay bets, especially in football, are suckers bets. Take it from us, this is not the case. It’s more a matter of knowing the details of each scenario and doing your homework.
Parlay Betting on Baseball
With respect to gambling, baseball has several unique qualities that make it ideal for the well-schooled gambler who is willing to put in the time and effort. Those characteristics include schedule frequency, stadium idiosyncrasy, weather, and pitching.
Fans of baseball have perhaps the greatest opportunity to make parlay wagers out of all major sporting leagues. Why? The sheer frequency of games, schedule length, and weekly team-vs-team three or four-game series lends itself perfectly to parlay gambling.
Add on top of that the otherwise unwatched weekday afternoon games and it’s easy to see why people love to bet on multiple games at a time in baseball.
Pitching matchups, day’s rest, venue, weather, the list goes on. When there is a favorable day of obvious choices, and the stars align, it makes for the perfect parlay storm.
Parlay Betting on Basketball and Hockey
Weeknight NBA scheduling, much like NHL, follows a fairly rigid format whereby the East coast games start at 7pm EST, followed by the second wave of games on the West coast at 10pm EST.
For the simplest of all parlays, the “2-gamer”, there are three ways to go about it. You run your first pair on the early games, a mix-n-match where you take an early game and a night game, or you wait for the West coast starts because you’re either a) the patient type and have a better read on the western conference b) on a heater from the first wave of games or c) you’re chasing your losses.
We can see clearly now that the parlay, at a payout ratio of 2.6:1, pays $60 more overall than the two individual bets.
While the payout is greater so is the risk. That’s why sportsbooks love taking parlays. If you don’t get it perfect, you lose. The greater the number of wagers you put into one ticket, the higher the chances of failure but the bigger the potential reward.
Site Title 