- Las Vegas Parlay Calculator
- Las Vegas Parlay Odds Sportsbook
- Las Vegas Parlay Sheets
- Las Vegas Parlay Card Payouts
January 11, 2021 The Vegas Parlay. (865) UConn -5 at DePaul: UConn’s across the board underlying numbers are better than DePaul’s. DePaul has given up over 84 PPG over their last 3, which correlates with their subpar defensive efficiency numbers. Some retail sportsbooks, such as those located at Las Vegas casinos, have fixed odds for parlays when betting point spreads or Over/Under totals and assume the standard -110 odds. Las Vegas Raiders Las Vegas Raiders Los Angeles Chargers. The best-bet parlay failed to hit yet again when the Atlanta Falcons-Los Angeles Chargers over missed by two touchdowns. The attraction of parlay cards to players is the big payoffs they offer for small bets - 10-teamers, for example, might pay 850-to-1. But they're no gambling bargain. Parlay cards in Nevada sports books require at least three bets and pay winners at odds in the area of 6.5- for -1 (which is the same as 5.5- to -1).
| No votes (0%) | |
| 3 votes (75%) | |
| No votes (0%) | |
| No votes (0%) | |
| No votes (0%) | |
| No votes (0%) | |
| 1 vote (25%) | |
| 1 vote (25%) | |
| 1 vote (25%) | |
| 1 vote (25%) |
4 members have voted
Administrator
In case you can't see the image, the bet was for $300 and it needed a +195 and four -110 legs to win. It did win and paid a win of $9435 (to collect $9735). He said that this parlay calculator at Vegas Insider came up with a win of $11,455.73. I put in the numbers and agree. My own parlay calculator comes up with the same number.
The formula to arrive at that number is $300 * (2.95 * (21/11)4 - 1) = $11,755.73.
So, why did the Wynn pay $9435 only?
After dividing the Wynn win *ahem* by 2.95, we get $3,300. Dividing that by the bet amount we get 11. I then checked our own sportsbook survey and see Wynn pays 10 to 1 on a four-team parlay (or 11 for one).
So what is clearly going on here is they are going to the parlay table for the four -110 bets.
I previously thought and have said many times that as long as there was one leg in a parlay that wasn't -110, then it forced the type of calculation I did above and is seen at both the calculators linked to.
So, I was evidently wrong.
I guess my question is does this come as a surprise to anybody? Does every book go to the parlay table for as many -110 legs are in the parlay and use the conventional formula for the rest of it? Is what I'm writing about common knowledge?
I welcome all thoughts.
The question for the poll is did you know that parlays are calculated this way?The payout made was obviously to the Wynns *big* advantage. The edge on a -110 game is 1/22 = 4.5%, but using the 10 to 1 pay table the edge on each -110 game becomes 1 - (11/16)^.25 = 8.9%. Which is why standard parlays are horrible bets, except 2 and 3 teamers.
So, why did the Wynn pay $9735 only?
William Hill would pay that same amount.(Nevada - mobile app)
I noticed this back in summer of 2016 and figured all the parlay online calculators were not using actual books calculating methods, whatever that is.
A great question to ask the NGC or look up the written rules (I doubt any exist).
Of course, they (NGC, imo) are 100% in agreement with the sportsbooks here in Nevada.
I previously thought and have said many times that as long as there was one leg in a parlay that wasn't -110, then it forced the type of calculation I did above and is seen at both the calculators linked to.
So, I was evidently wrong.
Las Vegas Parlay Calculator
maybe you are right and they are wrong.The books can say anything they want (in how they figure a winning parlay payoff)
regardless if it is true or not.
I am assuming that exact information would have been available to the bettor before he finalized the bet?
no, in Nevada, I have never seen that.after one gives the ticket writer your money, then you get the ticket
and only right then (do not walk away until you LOVE the ticket and all on it is cool to you)
Las Vegas Parlay Odds Sportsbook
can you say you disagree with something and instantly get on their sh*t list.next in line
Administrator
I've been warning players against going off parlay table odds for years, except for the 3-teamer, if it pays 6 to 1. I'll now have to amend that advice to not even mixing in any number of -110 legs except one or three. Just trying to do my job at dispensing gambling advice.
I doubt Gaming has anything in writing about how parlay odds are to be calculated.
exactly.That leads to the obvious question.
Why would the NGC have anything in writing on exactly how the parlays are to be paid?
you MUST be happy with your given ticket once they give it to you or 'too bad, so sad'
Administrator
exactly.
That leads to the obvious question.
Why would the NGC have anything in writing on exactly how the parlays are to be paid?
you MUST be happy with your given ticket once they give it to you or 'too bad, so sad'
I agree. There is usually a sign saying to check your tickets before leaving, which I respect. A good writer will often the writer will verbally recommend it. I am not even saying the Wynn is in the wrong here. I just want to know truthful information.
Underneath more than a dozen flat-screen TVs, there are 38 red, white and blue betting kiosks lining the walls of the sportsbook at Riverwalk Casino in Vicksburg, Mississippi. On March 8, what may be the greatest parlay wager ever to hit at a U.S. sportsbook was placed on one of them -- a $25, 20-leg bet that paid $104,412.44.
BetAmerica, the sportsbook operator for Riverwalk, said the parlay resulted in its largest payout since the book opened in August. Through the sportsbook, the bettor asked not to be identified.
The parlay featured point spreads, money lines and over/unders on a mix of Friday night NBA and college basketball games. The bettor backed 14 favorites, three underdogs and three overs. They all came through, but there were some close calls.
Their biggest sweat may have come in the first game listed on their ticket: Washington Wizards at Charlotte Hornets. The bettor took the favored Hornets to win straight-up at -200 odds. Washington guard Bradley Beal missed a potential go-ahead, contested layup with 3.6 seconds to play, and the Hornets held on for a 112-111 victory.
The ticket stayed alive when the Dallas Mavericks outscored the Orlando Magic 33-19 in the fourth quarter to cover a 6.5-point spread in a 111-106 loss and was completed with the Los Angeles Clippers' 118-110 win over the Oklahoma City Thunder in the final NBA game of the night.
BetAmerica vice president Alan Stremel said 20-leg parlays have been placed, but this was the first one to hit.
'We know players are excited about it, and the [Mississippi] market has been interested in parlays,' Stremel told ESPN. 'People like the potential payouts when putting it all together.'
Traditionally, 20-leg parlays have not been a regular offering at Nevada sportsbooks, and multiple veteran Las Vegas bookmakers and bettors struggled to recall any parlay with that many selections ever cashing.
Las Vegas Parlay Sheets
'I've heard of 15 [legs], but not 20, not with us,' Bill Sattler, director of specialty game for Caesars Entertainment and a 30-plus-year Vegas veteran, said. 'Welcome to the business.'
It was costly start to the month for the Riverwalk, one of the new legal sportsbooks to open in Mississippi over the last year. In January, the five casinos with sportsbooks located in Mississippi's 'central region,' which includes Riverwalk, combined to win a net $457,000. The Riverwalk Casino lost nearly a quarter of that just as its first March Madness was tipping off.
Las Vegas Parlay Card Payouts
'We look forward to the rest of the action,' Stremel said.