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Moneyline odds calculator series#
NFL: Bills-Packers Best Bet MLB: World Series Best Bets Daily Newsletter Calling all three bets correctly on one parlay is a lot tougher than calling three moneylines, so choose wisely: you're not going to have the other two bets to fall back on if one leg fails. However, if for example you want to place simple moneyline bets on three matches happening on the same night, you might as well turn it into a parlay for a much higher potential payout.
When should I place a parlay wager?įor starters, wagering is for entertainment and not investment, so as long as you're betting within your limits, there's no wrong time to place a parlay wager. Pick a sportsbook that keeps its lines competitive for the best price possible on a bet.
The short answer: sportsbooks tend to make a good chunk of their money off of parlay bets, and it's rare to find a bet priced at what you'll expect. How can I get the best price on a parlay bet? If, for example, the result of multiplying legs of a parlay bet is 6.97, for a stake of $100, you stand to win $597 ( 6.97 x $100 minus your initial $100 stake). Then, multiply those decimal odds together for the overall odds for that parlay.
Based on this information, you will see that the estimated moneyline. Here is what you would plug in where: Spread value 4.5. To do the math: convert the odds on your lines to decimal format (or simply use our odds converter). Let's use the spread to moneyline converter to see what the moneyline odds for the Broncos should be based on the spread number and spread odds. Parlay Calculator FAQ How do I calculate a parlay payout?Ĭalculating a parlay payout involves a bit of math, so the best and quickest way is to use our calculator above. We also include a payout chart as a useful reference, as well as a comprehensive infographic as a visual summary of everything on this page.
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