Vegas Odds Payout
A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
With odds of 45.86% to win, the Banker bet is so likely to win that casinos are forced to apply a 5% commission to winning bets. The Player bet follows with odds of 44.62% and it pays 1:1. Betting on the Tie doesn’t make sense mathematically. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4.
Vegas Parlay Odds Payout
With a moneyline bet you’re simply picking the winner and the payout is determined by the odds. Obviously, a bet on the favorite is going to pay out less than a bet on the underdog. Let’s look at an example of a moneyline bet with an NBA game and how it would appear in Vegas.
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
Vegas Roulette Odds Payout
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).