5 2 Odds Payout Calculator
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.
When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.
How to calculate odds. Our betting odds calculator takes a step further and calculates the percentage probability of winning and losing. The team would win 5 out of 6 games and lose 1 of them. By converting fraction to percent, we can say that the chances of winning are 5/6 = 83.33%, and of losing 1/6 = 16.67%. Number of Bets in Parlay Fair Payout (-110 Odds) Fractional Odds Fair Payout on a $10 Bet Implied Win Probability; 2 Team Parlay: 3.64: 2.64/1: $36.45: 27.4%.
How Do Other Results Affect Parlay Results?
The lay odds are 2.5 with 2% commission. If your team as gone 2 up and the bookie has paid out, you can now lock in a profit! To do this, enter the current exchange BACK odds of your team into the early payout calculator. How to calculate odds. Our betting odds calculator takes a step further and calculates the percentage probability of winning and losing. The team would win 5 out of 6 games and lose 1 of them. By converting fraction to percent, we can say that the chances of winning are 5/6 = 83.33%, and of losing 1/6 = 16.67%.
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
| Team | Odds |
|---|---|
| Team #1 | 0 |
| Team #2 | 0 |
| Team #3 | 0 |
| Team #4 | 0 |
| Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
- Decimal odds
- American odds
- Fractional odds.
Horse Payout Odds
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.
The Trifecta or Tricast is a wager laid in horse racing meant to pick the first, second, and third in the exact order they’ve finished the race. The Trifecta is one of the most popular exotic wager available in horse racing and so the use of a trifecta calculator, which is a horse racing calculator, is very common among punters.
The Trifecta wager is available in three different variations:
Straight Trifecta, the most common type of Trifecta in which the punter must pick 3 horses and the order in which these 3 horses will line up at the finish line. Have on horse misplaced and the wager is lost. For example, a punter fancies horse 2 and thinks 5 can go about finishing second and 7 is possible for finishing third. The punter registers the selection in the following manner, 2, 5, 7 and lays a wager on the selection. Each additional horse is an additional combination costing the original wager.
Trifecta box, a wager in which three horses or more are picked and the wager covers all possible combinations of these horses’ lining up at the finish line. The more horses added to the selections, the more combinations become possible and the stakes are raised.
Trifecta wheel, a wager in which one horse is picked for the win and two others are picked for two possible outcomes where each of them must finish third or second respectively. Again, the more horses introduced as selections, the more combinations costing money.
Sports Odds Payout Calculator
Wagering a Trifecta is something that should be practiced by experienced handicappers only, and the use of a horse racing calculator in the form of a Trifecta calculator is highly recommended in order to keep track of the combinations and their price, so that no undesired combination is made and no payouts below the stakes becomes possible. Trifecta payouts can turn out pretty nice but only in cases where no favorites lined up, so laying a Trifecta is recommended only when the punter notices an overpriced horse or when there are no clear favorites. Payouts increase significantly when the race has 8 runners or more and decrease significantly when the number of runners is below 8 down to 6.
Trifecta Calculator
The Trifecta calculator is a type of a horse betting calculator. In order to calculate the costs of laying a Trifecta wager, a punter must use the Trifecta calculator, either manually or by a computerized Trifecta calculator. The calculations are rather simple. Assume a punter lays a £2 wager on a Trifecta wheel, picking horse number 7 as first and horses number 6 and 5 for the second and third. When adding combinations, regardless of the Trifecta type, the original price is multiplied by the number of combinations chosen by the punter. The payout calculation is the ratio between the Trifecta pool and the amount of money placed on the winning combination, so if there is £100000 in the Trifecta pool and £2000 wager on the winning combination, the £1 payoff will be £50.
