Asian Handicap Parlay Payout Calculations - Need Assistance
What are the payouts for the following scenarios of a 4 Team Asian Handicap Parlay and what is the formula used in the calculation?
Example: I have a 4 Team Parlay, all with split Asian Handicap of 0/+0.5 (to make it simple) Odds:
Pick 1: 1.95
Pick 2: 1.74
Pick 3: 1.97
Pick 4: 1.92 Risk Amount $100
Scenario 1 and Scenario 2 I think I understand (but please correct if wrong). How are the payouts for Scenarios 3, 4 and 5 calculated?
Scenario 1: All 4 teams clear the Handicap
Answer: $100 * (1.95 * 1.74 * 1.97 * 1.92) = Payout
Scenario 2: Pick 1 is a draw (the pick with 1.95 odds), the remaining picks clear the handicap
Answer:
$50 * (1.95 * 1.74 * 1.97 * 1.92) = Payout1
$50 * (1.74 * 1.97 * 1.92) = Payout2
Final Payout = Payout1 + Payout2
Scenario 3: Pick 1 and Pick 2 end in a draw, how is the payout calculated?
Scenario 4: Pick 1, 2, and 3 end in a draw, how payout calculated?
Scenario 5: All 4 games end in draw, how is the payout calculated?
At the +0/0,5 AH in parlays, in case of a draw, half of your stake will be multiplied with the odds and the other half will be added to that, without being multiplied.So if your first pick ends in a draw, it will be stake /2 * ODDS1 + stake/2 and this will be your stake for the second pick.If the second pick ends in a draw too, then it will be your current stake(which is calculated above) /2 * ODDS2 + current stake/2.Now this will be your new stake for the third pi ck.If that one ends in a draw too then it will be calculated in the same way with your new stake, which is mentioned above: new stake/2 * ODDS3 + new stake/2.And so on for the other picks.Of course, if let's say first pick draws, second pick is a winner, then after calculating your first bet, it will be multiplied with the odds of the second pick and that will be your stake for your third pick.
So for Scenario 3 it will be:
$100/2 * 1,95 + $100/2=Payout for Pick1 (Draw) Payout1/2 * 1,74 + Payout1/2=Payout for Pick1 and Pick2 (Draw) Payout1&2 * 1,97 * 1,92=Final payout (Win, Win)