Sportsbooks will do the parlay payout calculation for you. However, if you want to peruse one of the countless parlay calculators available on the internet, you can get a good idea of what a payout might look like before creating your bet sheet. Calculating money line parlay payouts is a fairly easy task, but does require some basic math. Essentially, each leg of the parlay is converted to a decimal figure and multiplied by the decimal figure of each leg to calculate the potential payout. Three or more team parlays are calculated exactly the same, simply multiplying each decimal figure by the next for each included leg. For another example, if you were to make a parlay of three -170 favorites, you would multiply 1.5882 x 1.5882 x 1.5882, which equals 4.06. This means a $10 wager would return $40.06, or +300 odds.
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