Parlay Odds by Number of Legs
Same price on every leg: odds and payout for 2 to 12 legs, side by side.
| Legs | Odds | Pays on $100 | All win at 55% |
|---|---|---|---|
| 2 | +264 | $364.46 | 30.25% |
| 3 | +596 | $695.79 | 16.64% |
| 4 | +1228 | $1,328.33 | 9.15% |
| 5 | +2436 | $2,535.91 | 5.03% |
| 6 | +4741 | $4,841.27 | 2.77% |
| 7 | +9142 | $9,242.43 | 1.52% |
| 8 | +17545 | $17,644.64 | 0.84% |
| 9 | +33585 | $33,685.23 | 0.46% |
| 10 | +64208 | $64,308.16 | 0.25% |
| 11 | +122670 | $122,770.13 | 0.14% |
| 12 | +234279 | $234,379.33 | 0.08% |
Each extra leg multiplies the payout by the leg's decimal odds and the chance of cashing by the leg's win chance.
Educational tool. Bandwagon does not take or place wagers. Results are arithmetic on the numbers you enter, not advice.
How the parlay Odds by Number of Legs works
At one price per leg the combined decimal odds are d^n for n legs. Doubling the legs squares the payout multiplier; at −110 a two-leg parlay pays about +264 and a twelve-leg parlay pays more than +234,000.
The break-even win rate per leg does not change with the number of legs: it is 1 / d, 52.38% at −110. A parlay only beats the single bets if you win more than that on each leg, and it magnifies the swing in either direction.
The last column is the chance every leg wins at the win rate you enter: p^n. At 55% per leg, four legs cash 9.15% of the time and twelve legs about 0.08%.
Parlay Odds by Number of Legs example
You enter
- Odds per leg
- -110
- Odds format
- American (−110)
- Stake
- $100
- Chance each leg wins
- 55%
- Show headline for
- 4 legs
You get
| Legs | Odds | Pays on $100 | All win at 55% |
|---|---|---|---|
| 2 | +264 | $364.46 | 30.25% |
| 3 | +596 | $695.79 | 16.64% |
| 4 | +1228 | $1,328.33 | 9.15% |
| 5 | +2436 | $2,535.91 | 5.03% |
| 6 | +4741 | $4,841.27 | 2.77% |
| 7 | +9142 | $9,242.43 | 1.52% |
| 8 | +17545 | $17,644.64 | 0.84% |
| 9 | +33585 | $33,685.23 | 0.46% |
| 10 | +64208 | $64,308.16 | 0.25% |
| 11 | +122670 | $122,770.13 | 0.14% |
| 12 | +234279 | $234,379.33 | 0.08% |
At −110 a four-leg parlay pays about +1,228 and needs every leg to win 52.38% of the time to break even. If each leg really wins 55%, all four hit 9.15% of the time.
Parlay Odds by Number of Legs questions
What are the odds of a 3-leg parlay at −110?
About +596: 1.909 cubed is 6.96, so 100 pays 695.79 for a 595.79 profit.
How many wins do I need in a parlay?
All of them. A push usually drops that leg and reduces the parlay by one.
What per-leg win rate do I need to profit from a parlay?
At −110, you break even by winning 52.38% of your legs, whatever the number of legs. Long parlays just have a far higher variance.
Is a 12-leg parlay realistic?
At a 55% win rate per leg, it cashes less than once in a thousand tickets.
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