Enter the amount of money you wish to bet. Our calculator will take care of the rest. You'll see how much money you'll win, and the total payout you'd receive. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it.
- The.666667 is the amount of money you receive for every $1 you bet. There are two ways you can go about figuring out how much you will walk away with. 1) Take the.66667 (profit/$1) times the amount you bet and add that to your initial bet. Again, let's say you bet $50.
- Baseball is considered a national past time of the United States and is one of the most popular sports to bet online. If you want to learn how to bet on baseball then you should learn about baseball money line betting odds. There are basically three types of display methods for the betting odds at.
Thinking about betting a baseball parlay, but don't know if it's a smart play? Here is a look at how baseball parlays work and the returns you will receive if you win your bet.
For starters, baseball parlays are a little different than other parlays. For instance, in basketball and football there are fixed payouts for the number of plays you make. The reason for that is in those sports, the majority of the betting is done on the spread, where the same odds can be found on the favorite and the underdog. In baseball, the majority of the bets come in on the money line, where the favorite could be listed at -200 and the underdog at +175. If there were fixed payouts in baseball, everyone would simply load up on all the big favorites and win at a pretty high rate.
Instead of fixed payouts, your money is built progressively through each bet. For example, say you had a $50 three team parlay on the Yankees -150, Dodgers +115, and Braves -135. The initial $50 dollars would be bet on the Yankees -150, if that wins then you would be up t0 $83.33. That $83.33 would then be bet on the Dodgers +115, if that wins you would be up to $179.16. As you might have guessed, the $179.16 would then be placed on Braves -135, if that wins you end up winning your parlay and walking away with $311.87. Not a bad $261.87 profit ($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 will be the same. However, if any of the three bets happens to lose, you lose your $50 and walk away with nothing.
The next thing I want to explain is how to calculate the returns so you know how much money you are looking at winning with your parlay bet. This can be a little tricky at first, but I will include an example later that should make it easier to understand.
How to Calculate Your Return on Favorites
The first thing you want to do is take 100 and divide it by the money line value. For example, if the money line was -150, you would take 100/150 and get .666667. The .666667 is the amount of money you receive for every $1 you bet. There are two ways you can go about figuring out how much you will walk away with.
1) Take the .66667 (profit/$1) times the amount you bet and add that to your initial bet. Again, let's say you bet $50. You would take the .666667 (profit/$1) x $50 (initial bet) and get $33.33 (winnings). Simply add the $33.33 (winnings) to your initial bet ($50) and you get $83.33 (money received after winning bet).
2) Take the .66667 (profit/$1) and add 1 to it. By adding 1 you no longer have to add your initial bet in the end. So for a $50 bet you would take 1.666667 x 50 (initial bet) and get $83.33 (money received after winning bet).
How to Calculate Your Return on Underdogs
With underdogs, it's just the opposite of the first step. This time you take the money line value and divide it by 100. So, for an underdog listed at +150, you would take 150/100 to get 1.50. The 1.50 is the return you would get on each $1 you bet. The way to figure out how much you will walk away with is the same as with favorites. To make things easy we will again use $50 as our sample bet.
1) 1.5 (profit/$1) x $50 (initial bet) = $75 (winnings). Then take your $75 (winnings) + $50 (initial bet) to get $125 (money received after winning bet).
2). Take 1.5 (profit/$1) + 1 = 2.50. Then take 2.50 x $50 (initial bet) = $125 (money received after winning bet).
Quick 2-Team Parlay Example
Parlay: Rockies -140 and Cubs +125 (We are going to use the Rockies play first then the Cubs, but remember you can do it in either order)
Bet: $50
Step 1) Figure out your return/$1 on the Rockies -140
- 100/140 = .71 (return/$1)
Step 2) Figure out your winnings on $50 bet
- .71 x 50 = $35.71
Step 3) Figure out your total money with initial bet
2). Take 1.5 (profit/$1) + 1 = 2.50. Then take 2.50 x $50 (initial bet) = $125 (money received after winning bet).
Quick 2-Team Parlay Example
Parlay: Rockies -140 and Cubs +125 (We are going to use the Rockies play first then the Cubs, but remember you can do it in either order)
Bet: $50
Step 1) Figure out your return/$1 on the Rockies -140
- 100/140 = .71 (return/$1)
Step 2) Figure out your winnings on $50 bet
- .71 x 50 = $35.71
Step 3) Figure out your total money with initial bet
- $35.71 + $50 = $85.71 (Note this now becomes your initial bet for the Cubs +125)
Step 4) Figure out your return/$1 on Cubs +125
- 125/100 = 1.25 (return/$1)
Step 5) Figure out your winnings on your $85.71 bet
- 1.25 x $85.71 = $107.14
Step 6) Figure out total money won for parlay
- $107.14 + 85.71 = $192.85 (amount received if parlay wins)
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn't have anything to do with a spread. You may also see a money line bet listed as 'Money Line' or 'ML' in different spaces.
Moneyline Parlay Calculator
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a 'chalk' pick. A heavy favorite usually has a number pushing +300 or more. Here, you're wagering a lot on the favorite to win a little. Don't assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Baseball Money Line Calculator
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn't matter if the team you bet on wins by one point or 100 points. You're purely betting on the team you believe will win the game. As Al Davis said, 'Just win, baby.' That's exactly what you'd be looking for out of your selection. It doesn't have to be pretty, it just has to happen or your original stake is lost.
