"True odds" just means letting it ride on each additional bet. Imagine $100 bet on each game, so if you parlay two games at -200, it would be $100 to win $50, then $150 to win $75, so you end up with $225, or +125
If it was three teams each at -200, the next game would be for 112.50, making the odds +238. And so on. You can do that with any numbers, + or -
If it was three teams each at -200, the next game would be for 112.50, making the odds +238. And so on. You can do that with any numbers, + or -
- 1. Calculate Parlay Factor for each piece: if the price of the piece is positive - simply add one to get factor, if the price of the piece is negative v calculate reciprocal, multiply by -1, and then add one.
- 1.50 + 1 = 2.50
- -1.20 (take reciprocal or divide one by the negative price) 1/1.20 = 0.83 + 1 = 1.83
- 2. Multiply all factors - then multiply this factor times the bet amount - the result is the payoff (including your bet)
- 2.50 x 1.83 = 4.57 (now multiply this times your bet) x 100 = 457
- $457 is your total return if both pieces win (including your bet amount)
- 3. Subtract your bet from the figure calculated in 2 - Result is your winnings.
- 457 - 100 = 357 Winnings
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