Difference Between Conventional and True Odds Parlays

You see, the above-example features a fixed-odds system that only   mixparlay.io  works if both selections are 50/50. However, if you’re betting on sports, there are always favorites and underdogs, and the odds are never the same. To calculate these types of parlay scenarios, you’ll need to do some sports betting math!

How Much Do Parlay Bets Pay?
We’ve already talked about fixed odds parlay bets! Now, let’s get down and dirty with the calculations for your sports betting endeavors.

As mentioned earlier, sports bring forth dynamic odds, meaning no two bets will have the exact same 50/50 odds. Luckily, the calculations aren’t all that complicated. If you’re using decimal odds, simply multiply all bets with the stake. If you’re betting on a three-team parlay with the following odds: 1.2, 1.5, and 1.4, just multiply all three numbers with your stake.

1.2 times, 1.5 times, 1.4 times $100 equals $252 payout.
$152 won when we take out the stake
If you’re used to betting with American odds, the best course is to convert them to decimal using our simple betting odds calculator. Then, you just do the multiplication and you’re all done Long story short, parlay betting offers much higher payouts than singles, but it also brings forth a lot more risk too. That’s pretty much sports betting experts still haven’t come to an agreement regarding the long-term viability of parlay bets.

What Happens in Case of a Tie?
If there’s a tie (more commonly known as push), the parlay disregards that wager and lowers the number of total bets, resulting in a lower payout. For example, if you invest in a five-team parlay, nail down four wins and the final match is a tie, your bookie will lower your odds from 22 to 1 to 11 to 1 and pay you out accordingly.