Just hit this 20 teamer. Question about how parlay odds are calculated...

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  • l3randonf
    SBR Sharp
    • 04-11-13
    • 396

    #1
    Just hit this 20 teamer. Question about how parlay odds are calculated...
    Cashed this one today. I want to do another one but I have a question about my math:

    So if you add up all of the "odds" and divide by 20...you get roughly -1600 odds per play. This bet payed about x23 my original investment.

    So if I play another 20 teamer and I pick EACH play at -1600 odds exactly....would I get the same x23 payout?

    250160314-1 6/27/14 5:53pm $23.81 $549.35 $573.16 Win 20 Team Parlay
    Win 6/28/14 12:00pm International Soccer 5 Brazil advances -400* <small style="padding: 0px; margin: 0px;">vs</small> Chile advances
    Win 6/30/14 12:00pm International Soccer 55 France advances -415* <small style="padding: 0px; margin: 0px;">vs</small> Nigeria advances
    Win 6/30/14 4:00pm International Soccer 85 Germany advances -790* <small style="padding: 0px; margin: 0px;">vs</small> Algeria advances
    Win 7/1/14 12:00pm International Soccer 95 Argentina advances -425* <small style="padding: 0px; margin: 0px;">vs</small> Switzerland advances
    7/1/14 12:05pm Win 7/1/14 7:05pm MLB Baseball 904 Washington Nationals -245* <small style="padding: 0px; margin: 0px;">vs</small> Colorado Rockies (C Friedrich - L must Start S Strasburg - R must Start)
    7/1/14 12:06pm Win 7/2/14 6:30am ATP Tennis 101 Novak Djokovic -1100* <small style="padding: 0px; margin: 0px;">vs</small> Marin Cilic
    7/1/14 12:22pm Win 7/1/14 2:45pm Challenger Tennis 1128 Tim Smyczek -560* <small style="padding: 0px; margin: 0px;">vs</small> Mitchell Krueger
    7/1/14 12:23pm Win 7/1/14 3:00pm Challenger Tennis 1201 Tatsuma Ito -570* <small style="padding: 0px; margin: 0px;">vs</small> Marcelo Arevalo
    7/1/14 7:30pm Win 7/5/14 12:00pm International Soccer 125 Netherlands advances -450* <small style="padding: 0px; margin: 0px;">vs</small> Costa Rica advances
    7/2/14 4:29pm Win 7/3/14 8:00am Props Tennis 60 Field wins Wimbledon -1128* <small style="padding: 0px; margin: 0px;">vs</small> L.Safarova wins Wimbledon
    7/2/14 4:29pm Win 7/4/14 8:00am Props Tennis 8 Field wins Wimbledon -1020* <small style="padding: 0px; margin: 0px;">vs</small> G.Dimitrov wins Wimbledon
    7/2/14 6:15pm Win 7/2/14 7:10pm MLB Baseball 958 Atlanta Braves +2½ -535* <small style="padding: 0px; margin: 0px;">vs</small> New York Mets (J DeGrom - R must Start J Teheran - R must Start)
    7/2/14 6:15pm Win 7/2/14 7:05pm MLB Baseball 972 Baltimore Orioles +2½ -405* <small style="padding: 0px; margin: 0px;">vs</small> Texas Rangers (M Mikolas - R must Start C Tillman - R must Start)
    7/4/14 11:55am Win 7/4/14 12:00pm International Soccer 2 France (World Cup) +1½ -670* <small style="padding: 0px; margin: 0px;">vs</small> Germany (World Cup)
    7/5/14 6:58pm Win 7/5/14 10:05pm MLB Baseball 928 Los Angeles Angels +2½ -385* <small style="padding: 0px; margin: 0px;">vs</small> Houston Astros (S Feldman - R must Start H Santiago - L must Start)
    7/6/14 2:57pm Win 7/6/14 3:35pm MLB Baseball 976 Los Angeles Angels +2½ -670* <small style="padding: 0px; margin: 0px;">vs</small> Houston Astros (C McHugh - R must Start G Richards - R must Start)
    7/7/14 12:01pm Win 7/7/14 10:10pm MLB Baseball 924 Seattle Mariners +2½ -580* <small style="padding: 0px; margin: 0px;">vs</small> Minnesota Twins (K Correia - R must Start H Iwakuma - R must Start)
    7/8/14 1:31am Win 7/8/14 4:00pm International Soccer 1 Germany (World Cup) +1 -476* <small style="padding: 0px; margin: 0px;">vs</small> Brazil (World Cup)
    7/8/14 2:30pm Win 7/8/14 7:00pm Props Baseball 6124 Any other result -4930* <small style="padding: 0px; margin: 0px;">vs</small> DET wins by exactly 6 runs (Fixed Price)
    7/9/14 3:10pm Win 7/9/14 4:00pm International Soccer 12086 Any other result -16200* <small style="padding: 0px; margin: 0px;">vs</small> Netherlands 3 / Argentina 3
  • smoke a bowl
    SBR MVP
    • 02-09-09
    • 2776

    #2
    No.
    Comment
    • daneblazer
      BARRELED IN @ SBR!
      • 09-14-08
      • 27861

      #3
      Let's be honest you don't give a fukk about math you just wanted to post your 20 teamer


      Cant say I blame you. Congrats
      Comment
      • Seto
        SBR Posting Legend
        • 12-16-11
        • 12906

        #4
        No.

        For example two +200 bets parlayed (avg of +200 obviously) pay +800, but a +100 bet and a +300 bet parlayed (so avg of +200) pay +700.

        It's as simple as 2*2=4, 1*3=3 yet both 2+2 and 1+3 are 4.
        Comment
        • trytrytry
          SBR Posting Legend
          • 03-13-06
          • 23652

          #5
          at -1600 on each on a 20 team parlay you win

          3.36 - 1
          Comment
          • BigBusiness
            SBR MVP
            • 09-16-12
            • 3226

            #6
            Terrible payout
            Comment
            • Bostongambler
              BARRELED IN @ SBR!
              • 02-01-08
              • 35581

              #7
              You forgot to carry the 7

              Congrats
              Comment
              • l3randonf
                SBR Sharp
                • 04-11-13
                • 396

                #8
                Originally posted by trytrytry
                at -1600 on each on a 20 team parlay you win

                3.36 - 1
                What formula do I use to arrive at 3.36? I'd like to calculate it using different numbers.
                Comment
                • jose21_us
                  SBR MVP
                  • 05-24-10
                  • 3844

                  #9
                  cash out and never gamble another day in your life....
                  Comment
                  • Cookie Monster
                    SBR MVP
                    • 12-05-08
                    • 2251

                    #10
                    It is easier if you use decimal odds. Just multiply each line, and ready.
                    If you do not know how to calculate decimal odds... cultivate yourself
                    Comment
                    • BennyBigNuts
                      SBR Hall of Famer
                      • 04-16-12
                      • 8700

                      #11
                      What book is that? 5dimes?
                      Comment
                      • l3randonf
                        SBR Sharp
                        • 04-11-13
                        • 396

                        #12
                        Originally posted by BennyBigNuts
                        What book is that? 5dimes?
                        Yes. 5Dimes.
                        Comment
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