How does Parlay Profit Calculator Works?
This Parlay Profit Calculator uses a simple mathematical principal to calculate the ROI of Parlay. It fetches the historical Parlay price from the database and compares with current Parlay Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Parlay you would have got by investing x$'s on that day ($x/price of Parlay). Now it calculates the current price of that amount in USD (current Parlay price * amount of Parlay purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_PAR_price = Price of PAR in past date;
$quantity_PAR = Quantity of PAR in past = $amount invested / $price_on_that_day;
$price_PAR = Current price of PAR;
$USD_today = ($price_PAR * $quantity_PAR) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Parlay you can check it here: Parlay Price Prediction. This predictions are based on various algorithms applied on the historical price of the Parlay.
If you have any query regarding the above calculator you can comment it in comment box below.