A chart showing all the craps payout odds vs. The house edge and true odds information. This craps payout table also includes actual payouts per bet. Lol 'Live On Line' Craps. 7 to 1 with 11: 11.11%: Field: 5 to 4: 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 or 12: 5.56%: Field (alternate) 5 to 4: 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 3. To convert fractional odds to decimal, divide the first figure by the second figure add 1.00 (so 11/4 = 2.75, then add 1.00 = 3.75). Field Bet - 3, 4, 9, 10 or 11 pays out 1/1 and has a 44.4% chance of winning. Despite paying out the same as Pass/Don't Pass bets, the house edge is higher for this selection. Despite this, it is a popular craps bet. The 5.5% house edge sets this bet around the middle of the pack when it comes to value for the player.
Welcome to our Odds Calculator. The Odds Calculator will explain odds and calculate probability and payout. Please enter your odds below to get started.
For the total potential payout, you just add your initial stake to the potential profit. Using this Calculation. The two examples below show how this calculation works. Fractional Odds Payout Chart. The following chart shows some of the most frequently used fractional odds, along with their respective profits and total payouts based on a $10 stake. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate' The Instant Bet Calculator will then show the return on a: Win only bet Winning each way bet (1/4 odds) Winning each way bet (1/4 odds) Winning Place bet (1/4.
Odds are not always exact. They are exact if you toss a coin, because the likelihood of heads or tails is the same. However, odds on a sporting event would not be exact, because no one knows for sure who is going to win or lose.Do you want to learn how odds work? Check out these odds for explanations:
What does 2 to 5 odds mean?
What does 4 to 1 odds mean?
What does 6 to 5 odds mean?
What does 10 to 3 odds mean?
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A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately, since the difficulty of hitting all of them is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or 'pushes', the parlay reverts to a lower number of teams with the odds reducing accordingly.
Odds and payout[edit]
Parlay bets are paid out at odds higher than the typical single game bet, but still below the 'true' odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2.6:1.[citation needed] In reality however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1 (10% expected value for the house). A house may average 20-30% profit on spread parlays compared to perhaps 4.5% profit on individual sports mix parlay bets.
Aside from 'spread' parlays, another way to parlay is to bet on two or more teams simply winning straight up. In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1. This is because (385/485)^3 is approximately 50%.
Examples[edit]
Typical payouts for up to 10 team parlay bet[edit]
The following is an example of a traditional Las Vegas Parlay Card at William Hill Sports Book, which shows the typical payouts for an up to 10 team parlay bet based on -1.10 prices (amount won is assuming $100 is bet)[citation needed]:
Number | Odds | Amount won | Payout |
---|---|---|---|
2 Team Parlay | 2.6 to 1 | $260 | $360 |
3 Team Parlay | 6 to 1 | $600 | $700 |
4 Team Parlay | 11 to 1 | $1,100 | $1,200 |
5 Team Parlay | 22 to 1 | $2,200 | $2,300 |
6 Team Parlay | 45 to 1 | $4,500 | $4,600 |
7 Team Parlay | 90 to 1 | $9,000 | $9,100 |
8 Team Parlay | 180 to 1 | $18,000 | $18,100 |
9 Team Parlay | 360 to 1 | $36,000 | $36,100 |
10 Team Parlay | 720 to 1 | $72,000 | $72,100 |
Profitability of parlays in sports betting[edit]
Many gamblers have mixed feelings as to whether or not parlays are a wise play. The best way to analyze if they are profitable in the long term is by calculating the expected value. The formula for expected value is: E[X] = x1p1 + x2p2 + x3p3…xkpk . Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds.[citation needed]
What Are 11/4 Odds
Spinfinity casino bonus codes. Column 1 = number of individual bets in the parlay
Column 2 = correct odds of winning with 50% chance of winning each individual bet
11/4 Odds Payout
Column 3 = odds payout of parlay at the sportsbook
Column 4 = correct odds of winning parlay with 55% chance of winning each individual bet
Number of individual bets | Correct odds at 50% | Odds payout at sportsbook | Correct odds of winning parlay at 55% |
---|---|---|---|
2 | 3 to 1 | 2.6 to 1 | 2.3 to 1 |
3 | 7 to 1 | 6 to 1 | 5.0 to 1 |
4 | 15 to 1 | 12 to 1 | 9.9 to 1 |
5 | 31 to 1 | 24 to 1 | 18.9 to 1 |
6 | 63 to 1 | 48 to 1 | 35.1 to 1 |
7 | 127 to 1 | 92 to 1 | 64.7 to 1 |
8 | 255 to 1 | 176 to 1 | 118.4 to 1 |
9 | 511 to 1 | 337 to 1 | 216.1 to 1 |
10 | 1,023 to 1 | 645 to 1 | 393.8 to 1 |
11 | 2,047 to 1 | 1,233 to 1 | 716.8 to 1 |
The table illustrates that if a 55% chance of winning each individual bet were achievable, parlays would be profitable in the long term. Compare the expected value you receive on an individual bet at a typical price of -110 with a 55% chance of winning: ((100/110+1)*.55)-1 = .05 (exactly 5 cents won for every dollar bet on average), multiplied by 11 = .55, to the expected return on the 11 game parlay ((1234/717.8)-1) = .719 (72 cents won for every dollar bet on average). In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes.
See also[edit]
A chart showing all the craps payout odds vs. The house edge and true odds information. This craps payout table also includes actual payouts per bet. Lol 'Live On Line' Craps. 7 to 1 with 11: 11.11%: Field: 5 to 4: 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 or 12: 5.56%: Field (alternate) 5 to 4: 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 3. To convert fractional odds to decimal, divide the first figure by the second figure add 1.00 (so 11/4 = 2.75, then add 1.00 = 3.75). Field Bet - 3, 4, 9, 10 or 11 pays out 1/1 and has a 44.4% chance of winning. Despite paying out the same as Pass/Don't Pass bets, the house edge is higher for this selection. Despite this, it is a popular craps bet. The 5.5% house edge sets this bet around the middle of the pack when it comes to value for the player.
Welcome to our Odds Calculator. The Odds Calculator will explain odds and calculate probability and payout. Please enter your odds below to get started.
For the total potential payout, you just add your initial stake to the potential profit. Using this Calculation. The two examples below show how this calculation works. Fractional Odds Payout Chart. The following chart shows some of the most frequently used fractional odds, along with their respective profits and total payouts based on a $10 stake. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate' The Instant Bet Calculator will then show the return on a: Win only bet Winning each way bet (1/4 odds) Winning each way bet (1/4 odds) Winning Place bet (1/4.
Odds are not always exact. They are exact if you toss a coin, because the likelihood of heads or tails is the same. However, odds on a sporting event would not be exact, because no one knows for sure who is going to win or lose.Do you want to learn how odds work? Check out these odds for explanations:
What does 2 to 5 odds mean?
What does 4 to 1 odds mean?
What does 6 to 5 odds mean?
What does 10 to 3 odds mean?
Copyright | Privacy Policy | Disclaimer | Contact
A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately, since the difficulty of hitting all of them is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or 'pushes', the parlay reverts to a lower number of teams with the odds reducing accordingly.
Odds and payout[edit]
Parlay bets are paid out at odds higher than the typical single game bet, but still below the 'true' odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2.6:1.[citation needed] In reality however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1 (10% expected value for the house). A house may average 20-30% profit on spread parlays compared to perhaps 4.5% profit on individual sports mix parlay bets.
Aside from 'spread' parlays, another way to parlay is to bet on two or more teams simply winning straight up. In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1. This is because (385/485)^3 is approximately 50%.
Examples[edit]
Typical payouts for up to 10 team parlay bet[edit]
The following is an example of a traditional Las Vegas Parlay Card at William Hill Sports Book, which shows the typical payouts for an up to 10 team parlay bet based on -1.10 prices (amount won is assuming $100 is bet)[citation needed]:
Number | Odds | Amount won | Payout |
---|---|---|---|
2 Team Parlay | 2.6 to 1 | $260 | $360 |
3 Team Parlay | 6 to 1 | $600 | $700 |
4 Team Parlay | 11 to 1 | $1,100 | $1,200 |
5 Team Parlay | 22 to 1 | $2,200 | $2,300 |
6 Team Parlay | 45 to 1 | $4,500 | $4,600 |
7 Team Parlay | 90 to 1 | $9,000 | $9,100 |
8 Team Parlay | 180 to 1 | $18,000 | $18,100 |
9 Team Parlay | 360 to 1 | $36,000 | $36,100 |
10 Team Parlay | 720 to 1 | $72,000 | $72,100 |
Profitability of parlays in sports betting[edit]
Many gamblers have mixed feelings as to whether or not parlays are a wise play. The best way to analyze if they are profitable in the long term is by calculating the expected value. The formula for expected value is: E[X] = x1p1 + x2p2 + x3p3…xkpk . Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds.[citation needed]
What Are 11/4 Odds
Spinfinity casino bonus codes. Column 1 = number of individual bets in the parlay
Column 2 = correct odds of winning with 50% chance of winning each individual bet
11/4 Odds Payout
Column 3 = odds payout of parlay at the sportsbook
Column 4 = correct odds of winning parlay with 55% chance of winning each individual bet
Number of individual bets | Correct odds at 50% | Odds payout at sportsbook | Correct odds of winning parlay at 55% |
---|---|---|---|
2 | 3 to 1 | 2.6 to 1 | 2.3 to 1 |
3 | 7 to 1 | 6 to 1 | 5.0 to 1 |
4 | 15 to 1 | 12 to 1 | 9.9 to 1 |
5 | 31 to 1 | 24 to 1 | 18.9 to 1 |
6 | 63 to 1 | 48 to 1 | 35.1 to 1 |
7 | 127 to 1 | 92 to 1 | 64.7 to 1 |
8 | 255 to 1 | 176 to 1 | 118.4 to 1 |
9 | 511 to 1 | 337 to 1 | 216.1 to 1 |
10 | 1,023 to 1 | 645 to 1 | 393.8 to 1 |
11 | 2,047 to 1 | 1,233 to 1 | 716.8 to 1 |
The table illustrates that if a 55% chance of winning each individual bet were achievable, parlays would be profitable in the long term. Compare the expected value you receive on an individual bet at a typical price of -110 with a 55% chance of winning: ((100/110+1)*.55)-1 = .05 (exactly 5 cents won for every dollar bet on average), multiplied by 11 = .55, to the expected return on the 11 game parlay ((1234/717.8)-1) = .719 (72 cents won for every dollar bet on average). In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes.