PolyOddsTools
Worked example

Parlay Payout Example: Two Legs Step by Step

Follow a two-leg decimal odds example to calculate combined odds, payout, profit, implied hit rate, and correlation risk.

This educational example uses fictional inputs. It demonstrates the arithmetic without representing a current event, live price, or recommendation.

Last reviewed: 2026-08-10

Example inputs

Assume a $25 stake, leg A at decimal odds of 1.80, and leg B at decimal odds of 2.10. Assume estimated probabilities of 56% and 48% solely for illustration.

Calculate the return

Combined odds equal 1.80 x 2.10 = 3.78. Potential payout equals $25 x 3.78 = $94.50. Potential profit equals $94.50 minus $25 = $69.50.

Estimate hit probability

Under an independence assumption, 0.56 x 0.48 = 0.2688, or 26.88%. If the legs are correlated, this simple estimate may be misleading.

Interpret the example

The payout calculation is deterministic once odds and stake are entered. The probability calculation is an estimate and should be stress-tested rather than treated as a promise.

Frequently asked questions

Does payout include the original stake?

Decimal-odds payout normally includes the returned stake; profit subtracts it.

Are these real odds?

No. Every number on this page is a fictional educational example.