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• What Does A 3 Team Parlay Payout Schedule
• What Does A 3 Team Parlay Payout Calculator
• What Does A 3 Team Parlay Pay
• What Does A $100 3 Team Parlay Pay
• What Does A 3 Team Parlay Payout
• How Much Does A 3 Team Parlay Payout

Dec 30, 2010 Determine what games you will be betting on. For example, take a four-team parlay with two favorites of -140 and -220, and two underdogs of +250 and +180. Convert the odds of all favorite bets into a decimal number. Do this by taking 100 and dividing it by the line of the favorite. Add 1 to the result. Aug 07, 2017 The 11-team parlay hits 1 out of every 2,047 times, and the payout is based on only just over 50% of that ratio. Most of the general betting public doesn’t realize that 55% is an excellent winning percentage when it comes to sports betting.

So, you’ve used our other articles to learn how to bet on MMA, and you’ve managed to win a bit of cash and hide it from the wife. You’ve seen the odds on parlay betting, and figured maybe it was time to capitalize on those big odds. How hard can it be, right?

Well unless you’ve got a crystal ball, parlay betting can be a bit tricky. But once you’ve got it figured out, you can make some serious cash.

A parlay bet, also known as accumulator in the UK or a combo bet, is a single bet that links several individual wagers together in order to combine the payout odds.

The benefit is a higher payoffs than betting each event individually, with the wide risk of losing all your stake if one of the bets losses. If any of the bets in the parlay result in a “push” or tie, the parlay moves to a lower number of bets with odds reducing accordingly.

Parlays come after a single bet (doubles are also parlays). 2 bets and beyond are considered parlays, but the different combinations might have other exotic name of their own (source 1).

In the most common of MMA parlays, gamblers need to pick the winner of several fights and win all of them. Make one wrong pick, and you lose the whole bet. This doesn’t mean that it’s a suckers bet, it just means you need to do a lot of research to determine who to put your money on.

Parlay MMA Odds

Parlay odds pay higher than taking individual bets, but it still pays below true odds. A 2x MMA parlay pays out 2.6x , when true odds should be 3x. That missing payout is considered to be the sportsbook´s fee.

Are MMA Parlay Bets Profitable?

Compared to single bets parlays are way more profitable, the issue stands on the added risk. For parlay betting on MMA you need to master 2 things, fight knowledge and betting strategies:

1. MMA Master Mind. Gamblers need to go beyond the main fights and know their fighters well to figure out what are their true virtues and weaknesses are. Off stream fights offer better odds and underdogs show up every time, you just need to be well informed and follow fighter statistics. Some of the most popular MMA sites offer statistical tools like fightmetrics.com (source 2), the official UFC statistical feed used by sites like ESPN and Yahoo.

2. Betting Strategy. The backbone of any gambler that has ever made money consistently. Professional bettors divide their total bankroll on several sportsbooks, and apply a piece of their entire strategy one each after following 4 basic betting tips. A parlay strategy could include a double bet on one site and a hedge bet on another. Hedge betting is done to offset the cost of a loss with a bet on another sport event, or the same fight but another type of bet.

Bonus: If you are a rookie in sports betting, your best option would be to find successful MMA bettors on social media that offer their services for free or a small fee. You can find tons on Twitter, Facebook or on tipster community sites. Make sure to follow their progress on a spreadsheet before you jump in to follow. They usually apply strategies and have a full understanding of their specialized sport.

Think about different ways you can leverage your risk by betting on different sites and avoiding the limiting conditions on tactics mentioned in the TOS. Bet different stake sizes in order to recover from losing bets on other sites, or use only a portion of your wins to try luck on interesting high paying parlays.

Parlay Payouts

Consider a $100 bet with the stake not included in the payout:

2 team parlay – 13/5 odds, pays $260

3 team parlay – 6/1 odds, pays $600

4 team parlay – 10/1 odds, pays $1000

5 team parlay – 20/1 odds, pays $2,000

6 team parlay – 40/1 odds, pays $4,000

7 team parlay – 75/1 odds, pays $7,500

8 team parlay – 150/1 odds, pays $15,000

9 team parlay – 300/1 odds, pays $30,000

10 team parlay – 700/1 odds, pays $70,000

11 team parlay – 1100/1 odds, pays $110,000

MMA Parlay Example

Let’s look at a past event for an example – UFC 111

You’ve got a $1,000 bankroll on this event. You could split that up, and put $500 on Hardy, $300 on Carwin, and $200 on Brown, and if you win on all 3, you’d profit about $3,159. But if you were to place a parlay bet (+515 Hardy/ +108 Carwin / +130 Brown) and these three picks won, you’d profit about 3 times better – somewhere around $9,479. Not too shabby!

The downside of the parlay, if any one fighter loses – you lose the whole bet. And anyone betting on Hardy over GSP deserves to have someone take their money!

If parlay is the way you want to go, you need to make sure you know who is fighting and what their strengths and weaknesses are. Research the different fighters so you can determine who has the edge in a particular match, and then take a shot. We do recommend beginning with singles, then move to prop bets, and then try out parlays.

If you’re going to take parlays, the best risk versus reward strategy is to bet on two or three fights, max. The odds of you picking four or more fights correctly go down substantially, so be smart and bet realistically. Parlay can be a good option, if you have a good strategy. Great risks can have great rewards. I like to keep my parlays for fun, and then put my big money on straight bets.

Citations

(1) fightmetric.com, Fightmetric, 2016

(2) wikipedia.org, Parlay Gambling, 2016

Copyright 2016 MMAodds.com

Before we go any further, we need to explain what a parlay is fully.

What Does A 3 Team Parlay Payout Schedule

In order to win the entire bet, you have to win each of the individual bets on your parlay. If you lose one individual bet, then you lose the entire parlay bet.

The reason is that the sportsbook will pay you out much more money for correctly picking multiple individual bets together.There is more risk in this type of bet so it should be expected that we are offered a higher reward for making this wager.

Let’s compare betting three games individually versus betting them as a parlay.

Let’s assume that each game is -110 moneyline odds.

What Does A 3 Team Parlay Payout Calculator

Let’s also assume that our bankroll for these three games is $300. We’re going to look at the scenarios if we picked all three games correctly and if we only picked two of the games correctly.

If we bet the games individually, we would bet $100 per game.

What Does A 3 Team Parlay Pay

Now, what would happen if we picked all three games as a parlay bet? This time, we would place a single bet of $300. We will go over how to calculate parlay payouts in the section below here, but for now, we have done the calculations for you.

The profit on this bet as a parlay would be $1787.40! Even if we only bet $100 total, we would see a profit of $595.80. As you can see, you can bet 1/3 of the amount you bet total in the individual games and still make more than double what you would betting the games individually.

At this point, a lot of people are wondering why you would ever bet anything but parlays. You can bet less and make so much more! Well, as you are probably guessing, there is more to the story.

Let’s look at what happens in our same example, except this time we only pick two out of the three games correctly. We bet the same games again for $100 each individually, and we are correct on two out of the three games.

What Does A $100 3 Team Parlay Pay

If we bet all three of the games as a parlay for $300 (or $100), our profit is negative $300 or negative $100. If you get even one game wrong in a parlay, you lose the entire bet. You’ve now seen the downside to parlays.

What Does A 3 Team Parlay Payout

How Much Does A 3 Team Parlay Payout

Even if you only get one game correct betting them individually, you’re only going to lose $109. If you bet the same $300 on a parlay, though, you lose the entire $300. The risk is higher for parlays, but the associated reward is also higher.