Nba Parlay Calculator

admin 4/8/2022

Parlay betting is considered to be exotic or “specialty wagers” wherein you bet on a series of games. A parlay is a minimum of 2 games and it can go up to 12 games – depending on the online basketball sportbook and the actual sport and category being bet on. Usually all of the games have to end the way you predicted for you to win the whole parlay. Thus, if you are betting on a 4-team parlay, all 4 bets have to win. If even one of the bets is unsuccessful/lost, then the whole parlay is a loss. Why bet on them then? Well, the bigger the parlays the bigger the payout, although is also comes with a lot more risk associated with it.

Calculating Basketball Parlay Bets

The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.

* Please see illustration below to help understand parlay bets, text explanation follows.

Parlay Optimizer Arbitrage Calculator Parlay Calculator PropSwap Market Breakdown DraftKings Parlay Calculator Build, calculate, and analyze DraftKings sportsbook parlay bets. Parlay Calculator A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. 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. Parlay Calculator Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. Betting Calculator Parlay Calculator.

You can parlay money lines, over/under bets, as well as spreads. We will use a money line example to demonstrate how parlays are calculated. Let us say you want to bet on two NBA games: San Antonio Spurs versus Memphis Grizzlies, and Dallas Mavericks versus Los Angeles Lakers. The odds are listed as:

Game 1

San Antonio Spurs (+130)
Memphis Grizzlies (-150)

Game 2

Dallas Mavericks (+230)
Los Angeles Lakers (-280)

Let us say you want to bet on the underdogs, San Antonio and Dallas. You are parlaying the bet, betting $100 total. If the Spurs win, then that $100 will get you a total of $230 ($130 won plus $100 bet). Then, that $230 goes into the Mavericks bet at (+230) line, getting you a total of $759 ($529 won plus $230 bet) if they win. Thus, a single bet of $100 gets you total winnings equal to $759. For that to happen in regular money lines there would have to be a huge underdog with (+659) money line, and that will actually win, which is rare to find.

You can boost your returns even more by betting on even more team-parlays, where the winnings will be accrued in the same manner as above.

Multiple Parlays

Sometimes sportsbooks can allow bettors to construct multiple parlay combos with different money lines, over/under bets, proposition bets and even with different sports. For example, you can bet on which team is going to win the NBA championship, which team is going to win in a baseball match and what will be the spread in a hockey match. However, there is a condition that the bets must not be connected with each other. For instance, if one bet is for LA Lakers beating Chicago Bulls, then you cannot also bet in a parlay if Lakers are going to become champions. To say the least, these multiple parlay bets can get very complicated. The more complicated they are, the more risky they are, and the less of a chance for you to win.

Basketball Parlay Betting Tips and Strategies

Every March, National Collegiate Athletic Association (NCAA) holds its playoffs to determine national college basketball champions. 68 games are played out over a course of three weeks. Many seasoned bettors like to parlay their bets on these NCAA playoffs. There are many games to choose from in a single game, where you can look for the best possible odds for yourselves – making it an absolutely exciting time for bettors. There are also a lot of upsets during these games, with various smaller teams beating many favorites; thus, the underdogs actually have a good chance to win. You can bet on some of them, trying to receive a larger payoff. You can also offset your underdog bets by parlaying them against a couple of strong favorites; for example, you can bet on a 4-team parlay, on two underdogs and two favorites.

Do not go Overboard With Parlays

The more parlays you bet on, the less likely you are to win. Sure, you might get high returns, however, after about 5-team parlays it gets statistically very improbable of winning a parlay. For this reason more seasoned bettors stick to 3-team parlays. In a 3-team parlay you are getting good returns and you can still get big profits. The difference is that your risks are much more manageable and you can actually win some money.

Where to Bet:

How to read NBA Las Vegas Money Line Odds

All you need to do is pick is the winner!

If you’re placing NBA money line wagers then you’re rooting for one team to grab a straight-up win. The betting term Against the Spread (ATS) doesn't matter for these types of bets since the point-spread doesn’t come into play.

Similar to our Spread and 1st Half Odds, every matchup is listed in order of Rotation and those numbers are preceded by the Date and Time of the NBA game.

Every game has a Favorite and Underdog associated with the Money Line Odds and the plus (+) and minus (-) symbols are used to differentiate the teams. For NBA money line odds, it’s a simple math formula that’s based on $100 wagers.

Vegasinsider Parlay Calculator

Toronto -400 (Bet $100 to win $25)
San Antonio +300 (Bet $100 to win $300)

In the above example, Toronto is the favorite (-) while San Antonio is the underdog. If a bettor wanted to back Toronto, who is expected to win, they would only win $25 on a $100 wager since they are minus -400. Some books will provide an extra option to view their betting odds in Fraction format and Toronto would be a 1/4 favorite in this matchup. If you prefer Decimal format, which is very common overseas, Toronto would be 1.25 on the betting board.

Nba Parlay Odds

Since Toronto is the favorite, San Antonio is the underdog and bettors would receive a positive return greater than their initial stake. In this example, a $100 winning wager on San Antonio would net $400 and that includes your $300 win and $100 stake. The fractional odds for this example would be San Antonio at 3/1 and the Decimal conversion would read 4.0.

How to Bet NBA Money Line Odds

A majority of NBA games involve point-spreads of single-digits, while games that see a favorite of 10 points or more is not usually the norm, although it happens.

The VegasInsider.com Parlay Calculator is a great tool to see what kind of return you can create while avoiding the pitfalls of risk.

In the NBA playoffs, there is no single-elimination rounds. Each round is a best-of-seven series with the first team to four wins advancing to the next round.