MLB Betting Lines: How to Calculate MLB Baseball Parlay Payouts
About betting a baseball , thinking, but don’t know if it’s a smart play? Here’s a look at just how baseball parlays work along with the returns you will get if you win your bet.
For starters, baseball parlays are a little different compared to other parlays. For instance, in basketball and soccer you will find fixed payouts to the amount of plays you create. The cause of that is in these sports, nearly all the betting is performed on the spread, in which the very same chances can be seen on the favorite and the underdog. In baseball, nearly all the stakes come in on the money line, in which the favorite could be recorded at -200 and the underdog at +175. If there were fixed payouts in baseball, everyone would just load up on all the favorites that are big and triumph in a fairly high rate.
Instead of payouts, your cash is built progressively through every bet. As an instance, say you had a $50 three team parlay about the Yankees -150, Dodgers +115, and Braves -135. The first $50 bucks would be bet on the Yankees -150, if that wins then you would wind up t0 $83.33. That $83.33 would subsequently be wager on the Dodgers +115, if this wins you’d be up to $179.16. As you may have guessed, the $179.16 would then be placed on Braves -135, if that wins you wind up winning your parlay and walking off with $311.87. Not a bad $261.87 gain ($311.87 -$50) on your $50 bet. It doesn’t matter what order you calculate the odds, as long as all three cash the winnings are exactly the same. But if any of the 3 stakes occurs to drop, you lose your $50 and walk away with nothing.
The next thing I want to describe is how to figure out the returns so you understand how much money you are looking at winning with your parlay wager. This may be a little tricky at first, but I’ll include an example after that should make it easier to comprehend.