6-Team Parlay PayoutĪs we did above, you need to calculate the odds of each game to get the total payout value.įor example, if the first three teams win and payout at 1.20, and the last three teams win with a 1.60 payout, the total payout would be:
This final value represents how much the total payout of a 2-team parlay bet would be as a factor of the wager amount you put on for the parlay bet. To calculate the total payout for a 2-Team Parlay Bet, you will need to add up all of the individual payouts for each team.įor example, if your first team wins and pays out at 1.50, and your second team wins and pays out at 1.20, then the total payout would be: 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.
