Baseball Parlays
Parlay bets are a kind of combination bet where gamblers try to predict the outcome of a series of matches. Baseball parlay bets are offered by a number of online betting websites and can include anything between 2 and 16 teams. Baseball parlay bets are peculiarized from their football and basketball counterparts because of the absence of a point spread. Thus, there is no predetermined payout in baseball as in the other two sports and the payouts are based on the underlying moneyline odds of the respective teams. Thus baseball parlay betting is quite popular because the payouts offered are quite attractive. Also, with the sheer number of games that are played every day it doesn’t make sense for the gambler to invest individually in every game. Baseball parlay bets allow him to stay invested in maximum number of matches at a fraction of the price. The flip side is that if even one game does not toe the expected line it could result in a major loss for the gambler. Even then several punters love baseball parlay bets because of the excellent payouts and the sheer entertainment value.
Baseball Parlay Odds
In most kind of sporting events, parlays have a bad reputation. These combination bets pay much lesser than ordinary straight bets and even one if one underlying bet falls through the entire bet lapses. Baseball parlay bets often sport adjusted odds. So in a four team parlay with 16 different outcomes, the true odds would be 15-1 but the actual odds in the parlay would be 12-1. Baseball parlays are a little different from football parlays and basketball parlays because the payouts are not fixed. Most football and basketball parlays have set payouts which can be calculated by applying a formula with variables like the total amount bet, the number of teams included in the parlay and the odds for each outcome.
Baseball Parlay Calculator
Baseball Parlays are a little simpler because most of the odds in use are baseball moneyline odds. Gamblers can easily calculate the expected payout under a baseball parlay bet by using an online parlay calculator. Parlay calculators are found in large numbers online and are often free to use. Gamblers need to simply input the moneyline odds of individual teams in the parlay and their bet amount to compute the expected payout. The favorite teams are usually marked with a minus sign while it is not compulsory to affix the plus sign for the underdog. Once these details are entered gamblers need to enter the Parlay factor. This is calculated by simply applying the formula- (moneyline+100)/100. For example, if the Red Sox is playing with a moneyline odds of +140, then the corresponding Parlay factor would be 2.40. In case of favorites the formula applied would be quite simply (moneyline+100)/moneyline. Gamblers then proceed to enter the respective baseball parlay factor for each team. Some online baseball parlay calculators automatically generate parlay factors when gamblers input the moneyline odds. The expected winnings are calculated at the touch of a button. If not the automated parlay calculator, gamblers have to contend with calculating the payouts manually, which can often be quite an arduous and complicated process.
Baseball Parlay Betting Tips
An important baseball parlay betting tip is to limit exposure to less than five and to not go above six teams. Beyond this point the risk level does not justify the winnings. Most punters prefer three and four team parlays. If one game results in a tied result, it would be termed as a ‘push’. Some bookmakers would still count this as a loss; however, some bookmakers prefer to let a ‘push’ slide and proportionately reduce the bet. Thus, a three team parlay would become a two team parlay and a four team parlay would become a three team one.