Jazz Parlay Cards

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Calculating Parlays

A parlay is a bet in which you select 2 to 8 teams or totals. All selections must win or tie in order to win the wager. If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.

For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet. The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).

Payoffs are determined by a simple formula that changes the money line into decimal form.

STEP 1: Converting Money Line To Decimal

For each team in the parlay, the money line is converted into decimal form using the following formula:

  • For a negative money line you divide 100 by the money line.
    Example: if the money line is -125 then (100/125 = 0.8)
  • For a positive money line you divide the money line by 100.
    Example: if the money line is +130 then (130/100 = 1.3)

STEP 2: Add 1 to each of these values.

STEP 3: Find out the amount to be wagered (risked).

Now we can calculate the parlay payout with the following formula:

(Risk Amount x Price 1 x Price 2) - Risk amount = PAYOUT

Example: For a $100 parlay with:


 Giants -125
and Padres +130


GIANTS
PADRES



$ 100 X (1+100/125) X (1+130/100) - $ 100 = PAYOUT
$ 100 X 1.8 X 2.3 - $ 100 = $ 314

Use the same method for any number of teams.

Parlay Calculator

The Parlay Calculator is a handy tool to calculate the payoff of parlay bets. Simply fill in the values below and click "Calculate" to learn the result.

Teams Prices Factor
Amount($):
Payout: $

How do I use the Parlay Calculator?

  1. Fill in the Parlay Calculator Prices Column, so at least 2 fields must be filled in with money lines prices.
  2. Type in the Parlay Calculator amount($) field the amount you wish to risk
  3. Click the Parlay Calculator Calculate Button to obtain the result.

What are the valid prices allowed on the Parlay Calculator Price Fields?

You can type in prices from -99999 to +99999. You must include the + or - sign according the price.

JazzParlayCards.com provides Parlay wagering information on behalf of Jazz Casino & Sportsbook, a division of DPT Sports Group. Offering Open Parlays and Parlay betting and Teaser betting for more than ten years, JazzSports is renown throughout the industry as the place to go for Parlay Cards.