Hi.
Please can anyone help me here with this calculation. I made a parlay bet with double bet with a total odds of 26.00 and I risked $100.00 on the parlay at the same time I lay $120.00 with odd of 4.5 at https://orbitxch.com/ hoping that the first leg will loose but instead it won. Next leg of the bet will start in a week from now. Please I want to know how much more money can I bet on a single bet that is part of parlay and how much I should lay on exchange and still be in profit and also recover the loss I made already by laying at exchange.
Thanks in advance.
Parlay Bet
- alealeale
- Totally Pro
- Karma: 45
Post
Re: Paralay Bet
Correct me if I'm wrong:
your first leg odd on 100$ parlay: @5.4
You lay 120@4.50 risking 423$
(Total cost 523$ so far).
If the bet would have finished immediately you'd have gained 17$.
But the surebet keep running so you have to close the second leg.
I guess second odd is @4.8 (5.4*4.8=26)
Calculation is the following: 100*5.4=540
You have to cover 540$ @4.8 so, let's say lay 580$@4,50 (if available) risking 2029$ on Orbit.
This way you spend 100+423+2029=2552$.
If you win at soft you will get 100*5.4*4.8=2592$
gain=40$ (2592-2552)
If you win at Orbit you will get 580-3%=563$
gain=40$ (563-523)
your first leg odd on 100$ parlay: @5.4
You lay 120@4.50 risking 423$
(Total cost 523$ so far).
If the bet would have finished immediately you'd have gained 17$.
But the surebet keep running so you have to close the second leg.
I guess second odd is @4.8 (5.4*4.8=26)
Calculation is the following: 100*5.4=540
You have to cover 540$ @4.8 so, let's say lay 580$@4,50 (if available) risking 2029$ on Orbit.
This way you spend 100+423+2029=2552$.
If you win at soft you will get 100*5.4*4.8=2592$
gain=40$ (2592-2552)
If you win at Orbit you will get 580-3%=563$
gain=40$ (563-523)
- Janyanwu
- Gaining experience
- Karma: 4
- alealeale
- Totally Pro
- Karma: 45
Post
Re: Parlay Bet
I've used a simple calculator back/lay, guessing you choose to earn the same, if you won on soft or on exchange. I hope you are in good position for your second bet.