For those of you who like to bet baseball or hockey parlays you can use this parlay calculator to figure out your net return on the parlay odds.

Follow these simple steps to calculate baseball parlay payoffs manually:

Step 1: Select the number of teams you want to tie together in a parlay wager.
Step 2: For each price or odds quote on your teams look at their respective payoffs listed in the decimal conversion chart on the last page.
Step 3: Note the decimal conversion payoffs for all teams selected.
Step 4: Add $1.00 to each of these payoffs.
Step 5: Multiply your wager ($) times (x) the products of the payoffs to calculate your potential parlay return.

For example, Let us say you select two teams, the New York Yankees and the Montreal Expos, for your baseball parlay. And let us say that at this particular time of the season the Yankees are listed to payoff at (-1.60) and the Expos at(-1.40). The conversion chart shows that the payoff for the Yankees would be (0.62) and the Expos (0.71). You decide to wager $50.00. The formula to calculate your payoff would be:

50 x 1.62 x 1.71 = 138.51

or, in other words, $50.00 (your parlay wager) times Yankees payoff of $1.62 (0.62 + $1.00) times Expos payoff of $1.71 (0.71 + $1.00) = $138.51

The payoff would naturally include your original parlay wager of $50.00