These payoffs are also handy to use to figure out a moneyline parlay. For each of the odds quotes on your teams, look at their respective payoffs and always add $1. Then multiply your bet times the product of these payoffs for your parlay return.

Example: You bet $50 on 3 teams. Team A is -150, Team B is -130 and Team C is +120. $50 x 1.66 (1.00+.66) x 1.77 (1.00+.77) x 2.20 (1.00+1.20) = $323.20 return. Your return includes your $50 bet.