Parlay payout formula?

[marcb1oo5]

Do all books use the same mathematical formula for figuring out the payout amount on parlays? If so, does anyone have the formula? Thanks in advance.

 

[Corley1011]

I'm pretty sure they do... could be wrong though :0008

 

[IE]

-110/-110 parlay

or are there are other moneylines involved?

bookmaker

5dimes

bodog

justbet

etc..

264 per 100 w/ w/o any other denomation

 

[Old School]

Do all books use the same mathematical formula for figuring out the payout amount on parlays? If so, does anyone have the formula? Thanks in advance.

please no direct links to tout sites on the forum :admin

 

[joefrog91]

My guy uses the fixed odds table.

FIXED ODDS PARLAY TABLE
# of Teams Las Vegas Payout
2 13/5
3 6/1
4 10/1
5 20/1
6 40/1
7 75/1
8 150/1

 

[BuddyWright]

My guy uses the fixed odds table.

FIXED ODDS PARLAY TABLE
# of Teams Las Vegas Payout
2 13/5
3 6/1
4 10/1
5 20/1
6 40/1
7 75/1
8 150/1

Joe what do you think about the TCU-Boisie State game bro??? Your opinion would be appreciated.

Buddy

Oh yea this was take from SBR

You take the product of the decimal odds.

Hence, true parlay odds on two bets at would be (1+100/110)*(1+10/110) ≈ .

True parlay odds on one bet at and another at would be (1+100/105)*(1+100/110) ≈ .

This means that when parlaying 2 teams at -110 for +260 you're actually getting each team at odds of about .

Similarly, when parlaying 3 teams at -110 for +600 you're actually getting each team at odds of about .


Quote:
Originally Posted by picoman
ok, i know how to calculate true parlay odds. for 2 teamer -110 each is +264. how does the book come up with +260 odds?

Books will frequently offer 2- and 3- team parlays ot odds of +260 (13:5) and +600 (6:1), respectively. This is a throwback to the old days when (apparently) calculators were hard to come by and weighted several tons each (most of that weight was of course due to the wise-crackin' Pterodactyl that provided the calculator its juice). It was easier for a book maker (or is his customers) to calculate payout amounts at 13:5 or 6:1 than at 2.6446:1 or 5.9579:1.

noticed something odd on pinnacle. when i try to parlay 2 teamer with -110 odds on ncaa games, i am getting +260, but if i tried to parlay two games with slight off odds (-111 or -118), i am getting true parlay odds.

weird

No, not weird, that is normal. When you are parlaying teams that are all at -110, refer to the book's chart. When parlaying teams with different odds, books give true parlay odds.


this is ****ing weird. you get little better odds by using one slightly off -110 team rather than parlay two -110 teams.

this goes for 4,5,6,7,8 teamers as well

good to know

GoodLuck

 

[joefrog91]

I'll have a write up later tomorrow on my TCU/Boise thoughts. Quick answer is Boise St should win, but won't be a blow out.