How do I calculate odds and winnings for a mix parlay bet?
The final odds for a mix parlay bet is determined by multiplying the individual odds for each selection.
As an example, if you make a mix parlay bet on the following bet selections with the listed odds and a stake of $100.
- Team A: 1.86
- Team B: 1.96
- Team C: 1.90
- Team D: 2.36
| Bet Result | Computation Formula | Payout |
|---|---|---|
| Win All Bet on A, B, C and D, and win all bet selections |
Stake x Odds - Stake | ($100 x (1.86 x 1.96 x 1.90 x 2.36)) - $100 = $1534.69 |
| Win Half Bet on A, B, C and D, and A only won by half |
([(A Odds - Capital) / 2) + Capital] x Win Odds) x Stake - Stake | ([(1.86-1) / 2+1] x 1.96 x 1.90 x 2.36) x $100 - $100 = $1156.78 |
| Lose Half Bet on A, B and C and A loses by half |
((Multiply all odds except selection A) x (Stake / 2)) - Stake | ((1.96 x 1.90) x (100 / 2)) - $100 = $86.20 |
| Lose Half (x2) Bet on A, B and C, and A and B lose by half |
((Stake / 2) / 2 x Win Odds) - Stake | (($100 / 2) / 2 x 1.90) - $100 = -$52.50 |
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