3 Team Parlay Payout Calculator
Using the Parlay Calculator for How Much Does a Number of Teams Pay
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets. When successful, it offers greater returns to the investor since it links up many events for a higher payout. You won't win the full amount, however. If you place a four-team parlay, and three out of four wins with one tie, your bet will pay out as a three-team parlay instead. Odds for sporting events can get quite complex, especially for those new to sports betting. Combining different odds for different events can get even more confusing.
Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. Parlay Calculator Parlay calculator will determine what the payout should be on a sports betting wager. Knowing the odds for the parlay know how much money you will win.-How to use the Parlay Calculator: Enter the price, you do not have to enter the plus sign. ( Enter favorite prices with the minus sign Example (-110) ) Do not enter a factor. How to Use a Parlay Calculator. With our parlay calculator, you can select how you want your odds displayed. We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). Under Odds Type, pick your odds style. Input your first wager in the Bet #1 slot. Click on Add Bet to add the other wagers on your ticket.
Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets. Using the parlay calculator is extremely easy.
All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.
For example. Let’s say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!
Parlay Payouts & House Edge Depending on Number of Games
| # of Teams | Actual Odds | Las Vegas Payout | Online Payout |
|---|---|---|---|
| 2 | 3/1 | 2.6/1 | 13/5 |
| 3 | 7/1 | 6/1 | 6/1 |
| 4 | 15/1 | 10/1 | 12.28/1 |
| 5 | 31/1 | 20/1 | 24.35/1 |
| 6 | 63/1 | 40/1 | 47.41/1 |
| 7 | 127/1 | 75/1 | 91.42/1 |
| 8 | 255/1 | 150/1 | 175.44/1 |
| 9 | 511/1 | 300/1 | 335.85/1 |
| 10 | 1027/1 | 700/1 | 642.08/1 |
What is a Parlay?
A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn’t matter what happens in the other games.
If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.
When it comes to gambling on sporting events, there are many different types of bet you can place. A quite common one is the parlay. This is a bet that consists of two or more individual wagers. For a parlay to win, each of the individual wagers that make up the parlay has to win. If anyone of them doesn’t win, you won’t win the bet. Generally speaking the more wagers there are that make up the parlay, the lower the odds of winning are, and the higher the payout is. The main reason why these bets are so popular is that the parlay payouts can be quite large indeed.
A parlay bet that covers two wagers is often known as a double. Likewise, one that covers three wagers is often referred to as a treble. Due to their lower odds and higher payouts, these bets are great for players who have more cash to spend and enjoy taking a risk. Budget players can still get in on the parlay action by placing bets covering a smaller number of wagers.
It’s important to point out that you can still win a parlay even if not every individual wager results in a win. If one of them is a tie or is postponed, rescheduled or even cancelled, you can still receive a payout so long as all others win. You won't win the full amount, however. If you place a four-team parlay, and three out of four wins with one tie, your bet will pay out as a three-team parlay instead.
Odds for sporting events can get quite complex, especially for those new to sports betting. Combining different odds for different events can get even more confusing. That’s why many people use a parlay odds calculator. This is simply a sort of betting odds calculator that takes the odds of different wagers and puts them together to determine the overall odds and the total amount of money you stand to win based on your bet.
3 Team Parlay Payout Calculator Cheat
When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. Most of them are set up in different ways, but they all basically just need you to input the odds and payouts of all the wagers that make up the bet. If you’re thinking of placing a parlay bet, it’s always a good idea to use a calculator to see exactly what the payout is.