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Basics

METS (Brown) +120

ASTROS (Smith) -130 Total: 7 over (-120)

Brown is the scheduled starting Pitcher for the Mets.
Smith is the schedules starting pitcher for the Astros.
Mets are the underdog - wagering $100 to win $120
Astros are the Favorite - wagering $130 to win $100

Bets

The total on the game is 7. Bets are wether combined scores of both teams go over or under 7. Odds on the over are -120 and the under are even. So bettor risks $120 to win $100 on "over" wagers and $100 to win $100 on "under" wagers. If the combined scores add exactly 7, the bet is called "pushed", bet are refunded. Both Pitchers listed on the board must start for total to have action, valid ticket.

Parlay Payoffs, because of the moneyline used in baseball, there are no set payoffs for tying a number of teams together in parlays. Payoffs are determined by a simple formula that changes the moneyline into a decimal number and combines it with the other lines in the parlay. The first step is to change the moneyline into a decimal value. Use the chart below for this purpose.
Values are equivalent to one dollar:

-1.05	=	.95	-1.85	=	.54
-1.10	=	.91	-1.90	=	.53
-1.15	=	.87	-1.95	=	.51
-1.20	=	.83	-2.00	=	.50
-1.25	=	.80	-2.10	=	.48
-1.30	=	.77	-2.20	=	.45
-1.35	=	.74	-2.30	=	.43
-1.40	=	.71	-2.40	=	.42
-1.45	=	.69	-2.50	=	.40
-1.50	=	.66	-2.60	=	.38
-1.55	=	.64	-2.70	=	.37
-1.60	=	.62	-2.80	=	.36
-1.65	=	.61	-3.00	=	.33
-1.70	=	.59	-3.25	=	.31
-1.75	=	.57	-3.50	=	.29
-1.80	=	.55	-4.00	=	.25

How to Figure Baseball Parlays
For each price or odds quote on your teams, look at their respective payoffs (to $1) and always add $1 to these payoffs.
Multiply your bet times the products of these payoffs (+$1) for your parlay return.
Example
A Player bet $50 on the Cardinals (-150) parlayed to the Tigers (-130)

Bet		Cardinals		Tigers		Return
		(-150)		(-130)
$50	X	1.67	X	1.77	=	$147.80

The return includes the $50 bet.
Use the same method for any number of teams.
Example
Bet $75 on the Cubs (+120) to the Reds (-135) to the Mets (Even) for a 3 team parlay

Bet		Cubs		Reds		Mets		Return
		(+120)		(-135)		(Even)
$75	X	2.20	X	1.74	X	2.00	=	$574.20
		(1.00 + 1.20)		(1.00 + .74)		(1.00 + 1.00)

The return includes the $75 bet.
Remember to always add $1 to the payoff price to figure all parlays.
Please Note: All Baseball Parlays are "Action" Wagers.

Round Robin Parlays is simply a nickname for parlay wagering on a group of selections (at least three or more) that are to be included in a combination of individual parlays. For instance, if a player asked for a $100, three-team Round Robin with teams A, B, and C, he/she is simply requesting a two-team parlay with teams A and B, another parlay with teams A and C, and another with teams B and C, for a total of 3 individual parlays, each for $100. The total amount risked would be $300.

Round Robins get more complex as the number of teams increases. A four-team Round Robin "by twos" for $100 would mean that the bettor wants four teams to be included in a combination of two-team parlays. This would be a total of six individual two-team parlays, for a total risk of $600. If the request is for a Round Robin "by threes", it would include a total of four possible combinations, for a risk of $400.

Example
A player requests a $100 four team Round Robin "by twos", with teams A, B, C and D. The possible combinations would be as follows:
Teams AB $100 to win $260
Teams AC $100 to win $260
Teams AD $100 to win $260
Teams BC $100 to win $260
Teams BD $100 to win $260
Teams CD $100 to win $260

If all four teams win, the player wins $1240, while risking only $600! If one game loses, there is still a profit, even though three of the parlays would lose. The three winners get back $780, plus the $100 laid for each parlay, for a total of $1080. After subtracting $300 for the 3 losers, the player profits $480!