my bets for the weekend. any flaws?

Jotoole0821 · 10-22-13, 10:19 PM

also have

6 Team - Parlay #123 - Houston +7 (-110)
#195 - Nebraska -10½ (-110)
#125 - Boston College +7½ (-115)
#130 - Virginia Tech -13 (-110)
#163 - Texas Tech +7 (-110)
#185 - North Texas -11 (-110)

$20.00

$685.20

but thats for giggles

SteveRyan · 10-22-13, 10:29 PM

Originally posted by Jotoole0821

also have

6 Team - Parlay #123 - Houston +7 (-110)
#195 - Nebraska -10½ (-110)
#125 - Boston College +7½ (-115)
#130 - Virginia Tech -13 (-110)
#163 - Texas Tech +7 (-110)
#185 - North Texas -11 (-110)

$20.00

$685.20

but thats for giggles

This doesn't compute. 6 legs for $20 should pay over $900

Jotoole0821 · 10-23-13, 12:28 AM

it says 6 legs is +3500

Noleafclover · 10-23-13, 12:58 AM

Your books is raping you. Some books do not offer true parlay odds because many people don't know the difference.

To calculate true parlay odds, first multiply the probabilities together to get the implied odds. For simplicity, we'll do 6 at -110. 0.5238^6 = .0206. To convert 2.06% implied odds to american odds, you (for any +money bet, would flip the numerator and denominator for a lay) divide (100-implied odds) by the (implied odds), then multiply by 100. So 97.94 / 2.06 = 47.54. +4754 would be the odds, except for the -115. It's still circa +4641 as figured by the much simpler method of....

Parlaycalculator.com is easy to use and says your payout should be $928.21 (x5 shows odds of= +4641.x).

Don't play parlays at that book, and be careful of other shady practices. I'd compare their teaser charts with other books if its not a special teaser that allows a different tease value for different legs.. I can't quite figure what the baseline for some of those are.

SteveRyan · 10-23-13, 01:58 AM

"

Jotoole0821 · 10-23-13, 02:29 AM

are you serious? what does a two team 50 dollar parlay pay then? as you can see mine says 130

SteveRyan · 10-23-13, 03:02 AM

Originally posted by Jotoole0821

are you serious? what does a two team 50 dollar parlay pay then? as you can see mine says 130

That was actually the only other one of yours that I checked. It's good to go.

Use this calculator from now on.

http://www.sbrforum.com/betting-tools/parlay-calculator/

or this one...

Parlay Calculator - Sports Betting Calculator | DonBest

http://www.donbest.com/calculator/parlay-calculator/

Our free Parlay Calculator works out the value of your winning bets. Win big with Sports Betting Calculators today via the fastest live betting odds online.

Mocknroll · 10-23-13, 06:33 AM

The way American books calculate odds makes sense, but makes it ridiculously hard to calculate parlay odds.

In Australia, our odds are not calculated based on how much you need to lay to win 100 (or how much you get back on laying 100 for dogs), but what you will get back (including risk amount) for a 1.00 bet.

To equate that to American odds, you bet $110 at 1.91 and win $210.1 (so you minus your risk amount of $110 and you're left with a win of $100.1)

American -110 = Australian 1.91
American -115 = Australian 1.87

The way we calculate parlays is to just multiply each legs odds in your parlay with the next.

The odds for your parlay in Australia would be calculated like this:
1.91 × 1.91 × 1.87 × 1.91 × 1.91 × 1.91 = 47.53
47.53 × $20 = $950.68

You are getting screwed on your parlay at those odds.

Best of luck with your plays regardless.

Jotoole0821 · 10-23-13, 10:31 AM

good good. i like hearing that

Noleafclover · 10-23-13, 03:51 PM

"

SteveRyan · 10-23-13, 07:31 PM

The SBR calculator is very good also.

You can put in how much you want to win or how much you want to risk.