Basic understanding for toto parlay?

JasonXG

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Quote from: Wendigo on June 06, 2016, 05:47:23 PM

Okay so here it is. The different odds in your parlay are not added together, they are multiplied together instead. If you multiply 5 bets with 1.5 odds each in a parlay you would get 7.59375 odds. Now with ordinary parlays if you lose even 1 bet out of all the bets in that parlay you will lose the parlay and your money. Losing bets doesn't subtract the odds from the total odds of the parlay it doesn't work like that. If a bet pushes though the odds of that bet will be divided from the total odds. Also there are special parlays called system bets where you can have 1 or more lost bets and you will still win some money but not all the Bitcoin sportsbooks have this kind of bets.

That still is confusing but you have helped me a lot. Thanks for trying to explain it . I guess ill try it out with small amounts till I understand what's going on.

absy

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Quote from: bithasher on June 09, 2016, 10:31:33 AM

As far as I understand how parlay works is like this.I also make parlay's of few matches.For me it is an option throught what you can gain more profit by investing small amount.With other words you are trying to win with high risk because there are more than 1 matches.Result of every match included in slip can take you to win or loose.

You are right . But take a look at this for clear understanding .
Say you wanna bet on two matches
RM vs BARCA - barca odds 1.5
Nadal vs Djokovic - Djokovic odds 1.5
You have 2 btc to bet . You divide it equally and bet on both . So you get 3 btc if you win in both matches . 1 btc profit .
But if you combine both bets ( TOTO PARLAY ) , the odds will be higher , 1.5 * 1.5 = 2.25 . So if you bet 2 btc , you will get 4.5 btc if you win both matches .
The thing is it involves more risk . If you combine 5 matches and even if 4 wins and 1 loss then you loose .

bithasher

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As far as I understand how parlay works is like this.I also make parlay's of few matches.For me it is an option throught what you can gain more profit by investing small amount.With other words you are trying to win with high risk because there are more than 1 matches.Result of every match included in slip can take you to win or loose.

mobnepal

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No bro if you even loss one of the match out of 5 you will not get anything thats why toto payalay have high odds and even if you have bet on predictable matches with lower odd each there will be still a high chance that you will loss one of those games.

zeaderza

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In a totoparlay you need to win your match.If you lose a signle prediction you will lose your stake.

willofcoin

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Quote from: ajaxmoor on June 06, 2016, 05:47:46 PM

Here is how a parlay works.

A Parlay basically consists of multiple bets combined into 1. This way you get a higher payout if everything wins, however even if one of the bet loses you lose everything.

So now if you have 3 bets , Bet A paying of 2x on winning, Bet B paying of 2x on winning, Bet C paying of 2x on winning. Now if you add all 3 bets in a toto or parlay, then if you were 2 bet 2$ on the parlay, then your winning will be (2$)*2*2*2. Its just combining those odds.

But if anyone of those games was to lose, you will lose everything. In simple terms, it compounds all those bets.

This is i think the best and clear about parlay.. thanks and now i have an idea about parlay in sports betting.. before i just ignore it because i don't know how it works..

ajaxmoor

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Quote from: actmyname on June 06, 2016, 06:32:22 PM

Quote from: ajaxmoor on June 06, 2016, 05:47:46 PM

Here is how a parlay works.

A Parlay basically consists of multiple bets combined into 1. This way you get a higher payout if everything wins, however even if one of the bet loses you lose everything.

So now if you have 3 bets , Bet A paying of 2x on winning, Bet B paying of 2x on winning, Bet C paying of 2x on winning. Now if you add all 3 bets in a toto or parlay, then if you were 2 bet 2$ on the parlay, then your winning will be (2$)*2*2*2. Its just combining those odds.

But if anyone of those games was to lose, you will lose everything. In simple terms, it compounds all those bets.

Unfortunately, there isn't too much of an advantage of doing this rather than those three bets independent upon each other if you're not looking for high risk [or to continuously wager until the end]

(Though if you are then it is the reason why Parlay exists)

Because of this, (I don't like to go completely all-in consecutively) I choose to play it safe without using the system.

I agree that there isn't much of an advantage. Honestly I don't believe in the odds increasing part, and I only make parlays with bets I am confident of. I use it more as a tool for games which start about the same time, when I can't get the money that I have to both games at the same time.

pocarime32

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Quote from: The_prodigy on June 06, 2016, 05:14:13 PM

Hi guys just want to ask to understand well about toto parlay.. i am confused the system of parlay..
Example of parlay:
I bet 0.001 to 5 team with 1.5 odds each so the total odds is 7.5 so if 2 are lose the remaining is 4.5
So 0.001 times 4.5 equals 0.0045 this is my winning pot?

Can you explain guys the toto parlay i confused how parlay works..

If you bets on 5 teams together it's called parlay and if 2 matches are lose, your parlay is loss too, even with 1 match lose. So, you must careful for that, but if you win all matches, the odds is big

actmyname

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Quote from: ajaxmoor on June 06, 2016, 05:47:46 PM

Here is how a parlay works.

A Parlay basically consists of multiple bets combined into 1. This way you get a higher payout if everything wins, however even if one of the bet loses you lose everything.

So now if you have 3 bets , Bet A paying of 2x on winning, Bet B paying of 2x on winning, Bet C paying of 2x on winning. Now if you add all 3 bets in a toto or parlay, then if you were 2 bet 2$ on the parlay, then your winning will be (2$)*2*2*2. Its just combining those odds.

But if anyone of those games was to lose, you will lose everything. In simple terms, it compounds all those bets.

Unfortunately, there isn't too much of an advantage of doing this rather than those three bets independent upon each other if you're not looking for high risk [or to continuously wager until the end]

(Though if you are then it is the reason why Parlay exists)

Because of this, (I don't like to go completely all-in consecutively) I choose to play it safe without using the system.

gamebak

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Quote from: ajaxmoor on June 06, 2016, 05:47:46 PM

Here is how a parlay works.

A Parlay basically consists of multiple bets combined into 1. This way you get a higher payout if everything wins, however even if one of the bet loses you lose everything.

So now if you have 3 bets , Bet A paying of 2x on winning, Bet B paying of 2x on winning, Bet C paying of 2x on winning. Now if you add all 3 bets in a toto or parlay, then if you were 2 bet 2$ on the parlay, then your winning will be (2$)*2*2*2. Its just combining those odds.

But if anyone of those games was to lose, you will lose everything. In simple terms, it compounds all those bets.

That's a great way to explain it. I have copied it and pasted it in a note on my computer to help explain it to others in the future.
Thanks.

ajaxmoor

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Here is how a parlay works.

A Parlay basically consists of multiple bets combined into 1. This way you get a higher payout if everything wins, however even if one of the bet loses you lose everything.

So now if you have 3 bets , Bet A paying of 2x on winning, Bet B paying of 2x on winning, Bet C paying of 2x on winning. Now if you add all 3 bets in a toto or parlay, then if you were to bet 2$ on the parlay, then your winning will be (2$)*2*2*2. Its just combining those odds.

But if anyone of those games was to lose, you will lose everything. In simple terms, it compounds all those bets.

Wendigo

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Okay so here it is. The different odds in your parlay are not added together, they are multiplied together instead. If you multiply 5 bets with 1.5 odds each in a parlay you would get 7.59375 odds. Now with ordinary parlays if you lose even 1 bet out of all the bets in that parlay you will lose the parlay and your money. Losing bets doesn't subtract the odds from the total odds of the parlay it doesn't work like that. If a bet pushes though the odds of that bet will be divided from the total odds. Also there are special parlays called system bets where you can have 1 or more lost bets and you will still win some money but not all the Bitcoin sportsbooks have this kind of bets.

The_prodigy

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Hi guys just want to ask to understand well about toto parlay.. i am confused the system of parlay..
Example of parlay:
I bet 0.001 to 5 team with 1.5 odds each so the total odds is 7.5 so if 2 are lose the remaining is 4.5
So 0.001 times 4.5 equals 0.0045 this is my winning pot?

Can you explain guys the toto parlay i confused how parlay works..

Topic: Basic understanding for toto parlay? (Read 575 times)