Parlay payout chart
What a 2- to 12-team parlay pays when every leg has the same odds. At −110, $10 on a 4-team parlay returns $132.83.
Payouts by number of teams
Every leg at −110, $10.00 stake. Payout includes your stake.
| Parlay | Odds | Payout | Profit | Chance all hit |
|---|---|---|---|---|
| 2-team | +264 | $36.45 | $26.45 | 27.44% |
| 3-team | +596 | $69.58 | $59.58 | 14.37% |
| 4-team | +1,228 | $132.83 | $122.83 | 7.53% |
| 5-team | +2,436 | $253.59 | $243.59 | 3.94% |
| 6-team | +4,741 | $484.13 | $474.13 | 2.07% |
| 7-team | +9,142 | $924.24 | $914.24 | 1.08% |
| 8-team | +17,545 | $1,764.46 | $1,754.46 | 0.57% |
| 9-team | +33,585 | $3,368.52 | $3,358.52 | 0.30% |
| 10-team | +64,208 | $6,430.82 | $6,420.82 | 0.16% |
| 11-team | +122,670 | $12,277.01 | $12,267.01 | 0.08% |
| 12-team | +234,279 | $23,437.93 | $23,427.93 | 0.04% |
"Chance all hit" is what the odds imply, including the book's margin. Books round slightly differently, so a slip can differ by a few cents. Legs at different odds? Use the parlay calculator.
How much the book keeps as you add legs
A −110 line on a 50/50 side should pay even money. It pays a little less, and that gap is the book's margin: about 4.5% of the fair payout on a single bet. A parlay multiplies the gap once per leg.
| Parlay | Pays at −110 | Fair payout | Book keeps |
|---|---|---|---|
| 2-team | $36.45 | $40.00 | 8.9% |
| 3-team | $69.58 | $80.00 | 13.0% |
| 4-team | $132.83 | $160.00 | 17.0% |
| 5-team | $253.59 | $320.00 | 20.8% |
| 6-team | $484.13 | $640.00 | 24.4% |
| 8-team | $1,764.46 | $2,560.00 | 31.1% |
| 10-team | $6,430.82 | $10,240.00 | 37.2% |
| 12-team | $23,437.93 | $40,960.00 | 42.8% |
"Fair payout" assumes each leg is a true coin flip, the no-vig price for a −110/−110 market. By 12 teams the book keeps about 43% of what a fair payout would be. To check a real line's fair price, use the no-vig calculator.
Related calculators & reading
- Parlay Calculator — any mix of odds, with a built-in hedge calc.
- Round Robin Parlay Calculator — split your picks into smaller parlays so one loss doesn't sink the ticket.
- Teaser Calculator — better lines on every leg for a lower fixed price.
- How much does a $10 parlay pay? — the same math, worked through step by step.
- How to hedge a parlay — locking in profit when you're one leg away.
- Glossary: parlay · vig