This guide explains, in plain language, how to compute a $100 three team parlay payout and how to verify the math. It walks through the standard three step method you can use by hand or in a spreadsheet, and it highlights where platform house rules can change the result. The worked examples are illustrative and use sample American odds so you can reproduce every step. They are not market prices and readers should confirm current rules and payouts on their chosen platform before acting.

Parlay payouts are computed by converting each leg to decimal, multiplying the decimals, then multiplying by the stake.

A push commonly removes a leg from the parlay and changes the payout, so always confirm platform rules.

Public parlay calculators use the same multiplicative method and are useful for verification.

Introduction and what this guide will help you do

Quick answer preview

The core method to compute any parlay payout is to convert each leg's American odds to decimal, multiply the decimal prices together, then multiply by your stake to get the total return; this article walks that exact math for a $100 three team parlay with worked steps and verification tips, and shows where house rules can change the result Investopedia parlay explainer.

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How to use this article and the worked examples

Read the quick answer if you only want the final payout result, or follow the step by step sections to learn how to compute the payout by hand and cross check a parlay payout calculator or visit our blog. The worked example uses clear sample American odds and explains decimal conversion, total return, and how to derive profit from the total return.

What is a three team parlay and how does it differ from single bets

A three team parlay bundles three individual bets into a single wager where every leg must win for the parlay to pay; if any one leg loses the parlay typically loses as well, so the combined outcome is all or nothing Investopedia parlay explainer.

Compared with placing three single wagers, a parlay multiplies the decimal odds of each winning leg so the payout grows multiplicatively as legs are added, but variance and likelihood of losing increase because more independent results must go your way.

The exact formula: convert odds to decimal, multiply, then multiply by stake

Step 1 through Step 3 form the canonical calculation: first convert every American odd to a decimal price, then multiply the leg decimals to get the parlay price, then multiply that product by your stake to obtain total return (which includes your original stake) Action Network parlay calculator and guide.

Below you will find short numbered steps and a compact algebraic formula so you can compute any n leg parlay by hand and confirm a calculator result.

How much does a $100 three team parlay pay and how do I compute it?

Convert each leg's American odds to decimal, multiply the decimals together, then multiply by $100 to get the total return; subtract the stake to get profit. Verify with a public parlay calculator and check platform rules for pushes or voids.

Step 1: convert American odds to decimal, free parlay picks

For each leg convert the leg's American odds to decimal using the standard rule for positive and negative lines; keep a careful record of which legs are positive and which are negative because the conversion differs and affects the multiplication step Investopedia American odds guide.

Step 2: multiply leg decimals

Multiply the decimal values of the legs together to get the parlay decimal price; this product represents how many times the stake will be returned in total if all legs win, and it is the same multiplicative rule used by public parlay calculators for verification Action Network parlay calculator and guide.

Step 3: multiply by stake to get total return

Multiply the product of decimals by your stake to get total return, then subtract the original stake to show profit if you want profit as a separate number; this three step method is the standard approach for computing parlay payout and total return as described in betting education resources Investopedia parlay explainer.

Compact formula for an n leg parlay: Total return = Stake * (product for i=1 to n of Decimal_i). Profit = Total return - Stake. Use this formula to build a small spreadsheet or to check a calculator.

How to convert American odds to decimals and implied probability

For positive American odds use the decimal conversion Decimal = 1 + (odds / 100); for negative American odds use Decimal = 1 + (100 / |odds|). These are the standard conversions used to translate American format into multiplicative decimal prices Investopedia American odds guide.

You can also compute implied probability from American odds using the conventional formulas: for positive odds p = 100 / (odds + 100), and for negative odds p = |odds| / (|odds| + 100); implied probability is useful when you want to sanity check if a given decimal price matches your own estimate of an event's likelihood Investopedia implied probability guide.

Short numeric examples: a +150 line becomes Decimal = 1 + (150/100) = 2.50; a -120 line becomes Decimal = 1 + (100/120) = 1.83 approximately. Those decimals are the numbers you multiply in the parlay product.

Worked example: how much does a $100 three team parlay pay (step by step)

Choose three sample American odds for illustration purposes only: Leg A +150, Leg B -110, Leg C +200. These odds are examples so you can reproduce the calculation; they do not reflect market prices and are shown only to explain the method Action Network parlay calculator and guide.

Convert each leg to decimal using the rules above: Leg A +150 => 2.50, Leg B -110 => 1.91, Leg C +200 => 3.00. Keep at least three significant digits for accuracy when multiplying by hand or using a basic calculator.

Close up of a hand using a calculator next to a smartphone showing three betting odds on screen on a dark branded background clean minimalist layout Funded Plays style free parlay picks

Multiply the decimals: 2.50 * 1.91 * 3.00 = first multiply 2.50 * 1.91 = 4.775, then 4.775 * 3.00 = 14.325. That product is the parlay decimal price, meaning a $1 stake would return about 14.325 in total if all legs win.

Multiply by the stake to get total return: $100 * 14.325 = $1,432.50 total return. To report profit subtract the original stake: $1,432.50 - $100 = $1,332.50 profit. This is the standard total return and profit split for a $100 three team parlay given those sample odds, and you can check the same numbers with a public parlay calculator to confirm Action Network parlay calculator and guide and with the Action Network calculator page Action Network parlay calculator.

Using parlay calculators and cross checking your hand math

Public parlay calculators accept American or decimal inputs and apply the same multiplicative math described above, so they are useful for a quick cross check when you want to confirm a manual computation Action Network parlay calculator and guide and you can also try the VegasInsider parlay calculator VegasInsider parlay calculator.

Checklist when results disagree: verify whether the calculator expects American or decimal input, confirm whether the calculator reports total return or profit, and check the handling of pushes and voided legs because those can alter the output.

quick parlay payout check using three legs

use American odds for inputs

To validate a calculator result manually, convert inputs to decimals yourself and multiply the decimals, then multiply by the stake; if the manual total return and the calculator total return match, the numbers are consistent and you can separately compute profit by subtracting stake.

How pushes, voids, and house rules change a three team parlay

Most common house rule: a push removes that leg from the parlay and the remaining legs are re-evaluated as a smaller parlay rather than grading the whole parlay as a loss, but exact treatment varies across platforms so always confirm terms FanDuel Research parlay guide.

If one of three legs pushes and the platform treats pushes as removals, your three team parlay becomes a two team parlay; recalculate by multiplying the two remaining leg decimals and then multiply by the stake to get the revised total return.

Learn through structured challenges on the FundedPlays Challenges page

Check the platform push policy and apply the three minute math check before logging results so you handle leg removals or voids correctly.

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Because house rules differ, a sample payout shown earlier would change if a push occurred on any sample leg; always use the contest or platform terms to decide whether to remove the leg or treat the ticket differently.

Risk, variance, and conservative bankroll guidance for parlays

Parlays increase variance because multiple outcomes must all occur; combining legs multiplies probabilities and therefore typically lowers the overall chance of a winning ticket compared with single bets, so many responsible gaming resources recommend conservative staking for parlays American Gaming Association responsible betting tips.

Practical guidance: limit the fraction of your bankroll you risk on parlays, treat parlays as high variance plays, and consider using simulation or structured practice environments to test staking rules before applying them to significant tickets, and read how Funded Plays evaluations work for related practice formats.

Decision criteria: when a three team parlay makes sense

Use expected value and correlation checks rather than headline payout alone to decide if a parlay is a reasonable play; if leg probabilities imply a positive expected value after adjusting for correlation then a parlay can be attractive, but correlated legs require careful treatment because they reduce the independence assumption behind simple probability multiplication Investopedia parlay explainer.

Quick checklist before placing a parlay: compute implied probabilities for each leg, compute the combined decimal and expected value, confirm legs are not strongly correlated in a way that invalidates simple multiplication, and confirm stake size fits your bankroll rules.

Common mistakes and pitfalls when computing parlay payouts

Frequent errors include mixing American and decimal odds without converting, feeding a calculator the wrong input type, and misreading the calculator output as profit when it reports total return; double check input format and whether the tool shows total return or profit Action Network parlay calculator and guide.

Another common pitfall is forgetting to check house rules for pushes or maximum leg limits which can change a $100 three team parlay payout into a two leg result or a voided ticket; always verify platform terms before relying on an example FanDuel Research parlay guide.

Practical scenarios and short use cases

Scenario A, three independent underdog picks: three underdogs each with high decimals can produce a large payout but the combined implied probability may be low; compute each leg's implied probability first and then multiply decimals to see whether the headline payout compensates for the low chance of every leg winning Investopedia implied probability guide.

Scenario B, correlated same game picks: picks from the same game often carry correlation so naive probability multiplication overstates the difficulty; bookmakers price same game parlays to reflect that correlation and you should avoid assuming full independence when combining such legs.

Scenario C, mixing favorites and underdogs: a mix can balance risk and payout, but the multiplicative math remains the same; calculate decimals for each leg, multiply, and then multiply by your stake to determine the actual total return.

Quick verification checklist and house rule reminders

Three minute math check: convert American odds to decimals, multiply the decimals, multiply by your stake, and compare the total return with a parlay calculator to ensure consistency Action Network parlay calculator and guide. You can also try the SportsLine calculator SportsLine betting calculator.

Platform terms to verify: push handling, voided event policy, maximum number of legs, and whether displayed numbers are profit or total return; save screenshots when a platform's treatment or payout is unclear.

Conclusion: how to compute and verify a $100 three team parlay payout

Summary takeaway: convert each leg to decimal, multiply decimals, then multiply by the stake to get total return; subtract the stake for profit. Use public calculators to cross check manual math and always check push and void rules in platform terms before finalizing a payout figure Investopedia parlay explainer.

Minimal 2D vector table showing conversion of three American odds to decimal odds with the final total return highlighted in accent color free parlay picks

For safer practice, test your calculations and staking approach in simulated or structured challenge environments like Funded Plays where you can refine discipline and risk management without real exposure.

Appendix: formula cheat sheet and glossary

Glossary: leg: an individual bet inside a parlay. Push: an outcome voided to a tie, commonly removed from a parlay. Total return: stake plus profit returned on a winning parlay. Profit: total return minus stake.

How is a parlay payout calculated?

Convert each leg's American odds to decimals, multiply the decimals, then multiply by the stake to get total return; subtract the stake to get profit.

What happens if one leg pushes?

Commonly a push removes that leg and the parlay is recalculated with the remaining legs, but treatment varies by platform so check house rules.

Can I trust a parlay calculator?

Yes, public parlay calculators use the same multiplicative math; always verify input format and whether the tool reports total return or profit.

If you want to practice without real exposure, use simulation or challenge environments to test parlay math and conservative staking rules. Always check push and void policies and treat parlays as high variance plays that require careful bankroll management.