4 Team Parlay Calculator

A question I am often asked is, “Should I hedge my parlay?” Well, first things first, I am not a fan of parlays unless they are correlated. Generally speaking, it is not a good way to consistently turn a profit. With that said, like so many things in life, parlays can be fun in moderation. I’d be lying if I said that I didn’t indulge in a three or four-teamer from time to time due to the large payouts.

How to Hedge a Parlay Sports Bet & Guarantee Profit

Parlay Calculator. Number of Teams Team 1: Team 2: Team 3: Team 4: Team 5: Team 6: Team 7: Team 8: Team 9: Team 10: Bet Amount: $ Parlay Payout: $ Close. Toggle navigation. I'm an Agent Username. Password Log In! Below is a free Parlay calculator from Doc’s Sports. A parlay calculator can be a very useful tool when trying to determine the value of a parlay bet. To use this particular parlay calculator is.

If you’ve you bet on a few parlays, you’ve no doubt been in a similar situation: You bet $10 on a 4-team parlay. At 10-1 odds you stand to make $100 if all four of your games hit, not bad. The games get started and you’re off to a great start. Your first three bets were easy winners, congratulations! The next game starts in about an hour. Just think, you’re one win away from turning a $10 investment into $120. But, “Ah-ha!” you say, “There’s a way for me to guarantee I make money now!” You’ve realized that by hedging your bet you’re going to end up winning no matter what.

The next game starts in about an hour. Just think, you’re one win away from turning a $10 investment into $120. But, “Ah-ha!” you say, “There’s a way for me to guarantee I make money now!” You’ve realized that by hedging your bet you’re going to end up winning no matter what.

You’ve realized that by hedging your bet you’re going to end up winning no matter what. You see, you stand to make $100 if that final game hits. But in hedging your bet, you lay action on the opposite side of the final game. This way, you are going to profit as long as you bet more than your original $10 investment.

For example, say the Steelers are playing the Ravens in the final game of the night. In your parlay, you have taken the Ravens +3.5. You could just cross your fingers and hope for Baltimore to cover. Or, you could lay $55 (to win $50) on the Steelers to cover the 3.5. Now you’ve given yourself two outcomes, both of which would be a nice return on your $10 investment.

If the Ravens cover, great, you’ve won your parlay and the $100. So you’re sitting with $120, minus the $55 you wagered on the Steelers, for a winning balance of $45, a solid take.

Now, what happens if the Steelers would have covered the spread? Obviously, you are out your $10 wager, but you did cash in a $50 ticket on Pittsburgh, giving you a $40 profit on the day.

The Big Question: Should I Hedge My Parlays or Let it Ride?

So now you know how to hedge, the question is, should you?

It might seem great at first glance (free money, right?). Problem is, it does not maximize your potential profits. You have to give yourself about a 50% chance of winning that final game of the parlay, right? In the long term, it would be more beneficial to ride the parlay out. This way you don’t lose the edge you’ve gained by increasing your odds (i.e. winning the first three of four).

Answer: Hedging Prevents You From Maximizing Your Long-Term Profits

Say you bet ten 4-team parlays at $10 a pop. By a miracle, you win all three early games and have a chance to hedge your final bet in every situation. Let’s use 50% as a base percentage that an average sports bettor wins. What would be the results of hedging versus not hedging?

Hedging your Bet

You’ve profited on every single parlay ticket, but lost your initial investment. A true hedge would net you about $42.50 on each ticket, which comes out to a total gain of $425.

Not Hedging your Bet

4 Team Parlay Calculator 2019

You hit 5 of your 10 four-team parlays (50%). You’ve lost $50 on the five losing tickets, but won $500 as a result of the winners, a net gain of $450.

Final Verdict

This may seem counter-intuitive at first, but when you sort it all out, the answer is pretty simple. Don’t hedge your bets on parlays if you want to maximize your profits! The alternative is reducing your risk and guaranteeing a smaller return.

There are rare exceptions to this rule. For example, the Arizona Cardinals make the Super Bowl. You bet $10 on them to win the Super Bowl at the beginning of the season at 200 to 1. It would be a good idea to hedge that wager. But for simple, everyday parlays, to maximize your profits, don’t hedge!

A parlay calculator is an essential tool for gamblers that determines the payouts of a parlay bet. What is a parlay? This is a bet that is placed on multiple events (two or more) resulting in higher odds. You can bet on as many as one hundred events on some casinos leading to massive odds. However, if you lost one bet, the entire bet is lost. Hence, the bigger the parlay, the higher the odds but, the bigger the risk.

In instances where there is interruption, postponement or cancellation of one of your wagers, the bet usually reverts to the next lower number. Hence, if you had placed a bet on six teams, the odds will payout as a parlay of five teams. This protects you from incurring the effects of such unfortunate events that are beyond your power. Initially, it was difficult to calculate the payout in a parlay bet. Thus, the invention of the parlay odds calculator was a great milestone. It has enabled punters to place big parlay bets with ease after assessing the possible payouts and the risk involved.

2 Team Parlay Calculator

How Do Betting Odds Calculators Work?

It is simple to use these calculators. You simply key in the amount of money you want to bet and the money line odds of each of the events. The calculator will, in turn, deduce the payout of the parlay. There is always a Reset option to enable you to conveniently clear the table and place a new parlay. You can do this severally until you create the best combination that has a high probability of winning.

This is particularly important when you want to bet on several different events such as horse races, soccer games, rugby games, and many more. It would be too hectic to calculate the odds manually and place the bets. Another option would be to get a bookie to place your bets, but they charge a fee and may not be legal in your jurisdiction. Luckily, the calculators are present to make it convenient.

Sports bettors who have to combine several bets in order to get a sizeable winning often utilize the betting odds calculator. It can also assist you to predict your winnings in case there is a cancellation of postponement of one of your events. This is the best way of gambling while informed.

Parlay bets are popular in the entire world. They give you the chance of betting on multiple events and standing a chance of getting massive odds. You should always use a calculator to make it convenient to make these bets. This is certainly the most useful tool for any parlay bettor.