Why you DO NOT PLAY PARLAYS
Why you DO NOT PLAY PARLAYS
KICKSERV, I know of NO ONE or Parlay Calculator which rounds UP parlay odds to the second decimal (hundredths) as you've have demonstrated.
The CORRECT odds of your example equate to a return of 15.9976 (16.00), NOT the 17.06 you've indicated.
As such, the CORRECT PAYOUT (of your example) equates to $16.00 for every $1.00 layed/played.
madjack's handicapping resource page has parlay calculator.
Please use this site to VERIFY your Bookmaker's calculations...many Bookmaker's further REDUCE your payouts on selections lined at -110 (flat 20 cent line)...again, VERIFY your PAYOUTS are CORRECTLY calculated, if you choose to play these poor propositions or understand that you will be further ripped-off on your payout.
Also note, the CORRECT mathematical return of the parlay cited would equate to $22.00 for every dollar risked.
Meaning the house hold is a whooping 27.27%, not the typical 4.55% of (-110/-110) straight wagers or the 2.38% (-105/-105)...while the probability of winning the example parlay you've cited is ~5.50% or a LOSING probability of ~94.50%. :scared
The reason parlays are rip-offs (sucker bets) should now be obvious...extreme house holds coupled with low win probabilities.
DO NOT PLAY PARLAYS... unless you can find payout odds, which EXCEED the costs associated with "boxing" your selections (a different topic).
Hope this helps.