Because parlay odds tend to be so high, you can see huge payouts if all your individual bets win. 📈 Higher Potential Payouts: When it comes down to it, sports betting is all about winning money.Becuase of the higher odds, your parlay payout can be huge compared to your investment. Parlay bets offer some unique advantages that separate them from individual wagers placed by sports bettors. ✅ Subtract your stake to see the parlay odds.✅ Multiply this number by the amount of money you are betting.✅ Multiply the decimal odds of each bet together.✅ Convert American odds of each bet to decimal odds.Here's a step by step guide to calculating parlay odds: It's a good idea to know how to calculate your parlay odds so you can determine whether the line offered by the sportsbook is fair. Unique user identity verification required. Bonus issued in non-withdrawable bonus bets that expires 30 days after FanDuel accepts its first real money sports wager in KY (“9/28”).