A Parlay Formula taken over a number of races will parlay all possible combinations. The cost for a $1 base investment will be the total of however many combinations there is. That is, a bet that returns 12 combinations would cost you $12.
Example
| Race 1 | Number 1 | WIN |
| Race 2 | Number 2 | WIN |
| Race 3 | Number 6 | WIN |
| Race 4 | Number 7 | WIN |
For a Parlay Formula 4 taken over 4 races for a base investment of $1.00
Base Investment $1.00 = Total Cost of Bet = $1.00 as there is only one possible combination possible (1-2-6-7). Every Leg must be successful to pay a dividend.
Example Dividends
| Race 1 | Number 1 | WIN | (Div $1.50) |
| Race 2 | Number 2 | WIN | (Div $2.00) |
| Race 3 | Number 6 | WIN | (Div $2.50) |
| Race 4 | Number 7 | WIN | (Div $3.00) |
Total Dividend = $22.50(1.50 x 2.00 x 2.50 x 3.00)
In the above example a Formula 2 taken over 4 races will give you 6 combinations:
(1-2) (1-6) (1-7) (2-6) (2-7) (6-7)
Base Investment $1.00 = Total Cost of Bet = $6.00
Total Dividend = $29.75(1.50 x 2.00 = $3.00; 1.50 x 2.50= $3.75; 1.50 x 3.00= $4.50; 2.00 x 2.50 = $5.00; 2.00 x 3.00 = $6.00; 2.50 x 3.00 = $7.50)
You can also take an additional number of Formulas in a Parlay bet.
In the above example a Formula 2,3,4 taken over 4 races will give you 11 combinations:
(1-2) (1-6) (1-7) (2-6) (2-7) (6-7)(1-2-6) (1-2-7) (1-6-7) (2-6-7) (1-2-6-7)
Base investment $1.00 = Total Cost of Bet = $11.00
Total Dividend = $95.00 (1.50 x 2.00 = $3.00; 1.50 x 2.50= $3.75; 1.50 x 3.00 = $4.50; 2.00 x 2.50 = $5.00; 2.00 x 3.00 = $6.00; 2.50 x 3.00 = $7.50) + (1.50 x 2.00 x 2.50 = $7.50; 1.50 x 2.00 x 3.00 = $9.00; 1.50 x 2.50 x 3.00 = $11.25; 2.00 x 2.50 x 3.00 = $15.00) + (1.50 x 2.00 x 2.50 x 3.00 = $22.50)
NOTE: If one or more of your legs was unsuccessful you still receive a dividend for the successful combinations you have in your bet.
Example: Race 4 was a losing bet in your Parlay Formula 2,3,4 over 4 races.
Total Dividend = $26.75 (1.50 x 2.00 = $3.00; 1.50 x 2.50= $3.75; 2.00 x 2.50 = $5.00; 2.50 x 3.00 = $7.50) + (1.50 x 2.00 x 2.50 = $7.50).
If more than one runner is selected in a race, the number of bets for each race combination will be the number of runners in each race in the combination multiplied together.
Selecting WIN and PLACE (Eachway) in a race increases the cost of each race combination as if another runner was selected in the race.
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