Simply multiply your bet amount x the payout figure. It’s easy to calculate a standard odds parlay payout. Standard Odds ExampleĪ “standard odds” parlay means all the selections have -110 odds. The reduced payout shorts the winning gambler and makes the parlay bet a moneymaker for the sportsbook. However, at 6/1, you’re losing 1 wagering unit (7/1 actual odds – 6/1 payout = 1 unit). That means a payout equal to the wager’s risk would be 7 x wager. Parlay Bet Payouts and House Edge SelectionsĪs you can see, the actual odds on a 3 game parlay are 7/1. The “house edge” is simply the mathematical advantage the sportsbook has on the customer each time they bet. The following table illustrates the odds of winning a 3 game parlay bet, the payout, and the house edge on the bet. However, the exact payout may vary when you include a moneyline or prop bet side that doesn’t have standard odds. The “Global Sportsbook Payout” for a 5 selection parlay is also 6/1. The exact payout might be different depending on which sports betting site you use, though 6/1 is fairly universal across all sportsbooks. STATEįirst Bet Offer - Up to $1,500 Back in Bonus Bets if You Don't WinĪ winning 3 game parlay bet typically pays 6/1. After all, the probability of winning a parlay decreases the more selections you add. The 3 game parlay is popular among bettors who feel confident in their handicapping, but don’t want to take on the risk of a 4, 5, or 6 selection parlay. This lesson works off our parlay betting tutorial which offers a much longer and detailed explanation of parlay bets, house edge, and payout calculations. Point spreads, over-under totals, moneylines, and some prop bets are commonly combined to make a parlay bet. The bet wins if all selections are correct. Individual bets are also called selections. Recall that parlays combine multiple bets into one big bet. A 3 game parlay bet payout is typically 6/1, though it may vary slightly from sportsbook to sportsbook, and will also depend on whether you force a true odds calculation.

Parlay payout moneyline