Looks a bit too tricky? Here are a few practical examples to help you understand the calculation process. Where x, y, z, and n are all the individual event payouts. Then the total odds for the parlay bet are calculated using the formula: It’s calculated as follows:īet 1 Payout (x) = (Bet Odds) x (Bet Amount)īet 2 Payout (y) = (Bet Odds) x (Bet Amount)īet n Payout (n) = (Bet Odds) x (Bet Amount)
Therefore, you will need to know each bet’s payout to calculate your potential winnings from the parlay. The payoff for the parlay bet is determined by the odds on each bet in the parlay.
