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How Much Does That Parlay Payout?

1/30/2013 2:29:00 AM by Parlaycalculator

The Fun part about parlay wagering is seeing how much your picks combination will payout! Granted, when you’re wagering mostly on favorites, you can’t expect to pay off the mortgage or that monthly car payment, because the odds won’t be as inviting.

However, if you take the same approach as most professional bettors do and treat parlays like you do winning the lottery for“shirts and giggles”, then simply treat it as if you were buying a lottery ticket. In fact, Las Vegas legend Mike Lee was a friend of mine and was one of the most respected handicappers in our industry before he left us too early, use to share with me, “betting parlays is a suckers bet, it’s hard enough to win one game, let alone a combination of them”. So true!

Therefore, treat parlay wagering as a fun activity and use this opportunity to think outside the box and use a system that will eventually hit pay dirt. For example, if you go to the ATS Database website, they have a great feature called the “Parity Value Index”. What exactly is the Parity Value Index? It’s a tool invented by Canadian Sports Handicapper Ron Raymond who believes everything runs in cycles in the numbers game and what you want to do is take a small cycle of 3 games and a large cycle (overall season record), combined them together which will produce a percentage of what the side and total should be in a team’s next game.

Think about this for a moment, no team can win forever; they have to lose eventually, or in some team’s cases win the odd game eventually! Therefore, use the “Parity Value Index” to get a percentage of each team’s chances of winning in their next game. Imagine the Kansas City Chiefs on a 5-game losing streak and they are the home underdog in their next game. Chances are the odds makers are going to make them a heavy price underdog to win their next game and if you include a few small favorite or medium size underdogs in a parlay, you can have a pleasant payout.

However, how much will that parlay ticket pay? This is where the Parlay Calculator Apps comes in to play and help you when you’re not close to a computer. The Parlay Calculator App is only $4.99 and it will tell you how much that parlay ticket will pay.

Here’s exactly how it works. Do your homework and handicap your games for those days or weeks matchups. Get the odds and simply enter them in the parlay calculator App and it will calculate your payout.  Let’s say for example, the following 6-team I picked below had the following money lines:

1.       New Orleans +135

2.       Chicago Bears -135

3.       New York Jets -115

4.       Jacksonville Jaguars +155

5.       Tennessee Titans +140

6.       Denver Broncos -150

When I enter the money lines in the Parlay Calculator App: +135, -135, -115, +155, +140 and -150 and put a $20 wager on this ticket, it would payout $1540.17 at any Las Vegas or Offshore sportsbooks. One small note, when you enter your money lines on your Parlay Calculator App, you have to make sure you enter the minus sign in front of the favorites like -135, -115 and -150. For the Underdogs, you can simply enter 135, 155 and 140.

Are you ready to take a parlay chance this weekend? If so, make sure you purchase the Phoenix Sports Ticket “Parlay Calculator App” from the Apple store and calculate how much that payout will cash this weekend.


Good luck.



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