Calculating Payouts From Positive Moneyline Odds A $50 bet at +150 odds, for instance, is calculated as 150/100 (which yields 1.5), multiplied by $50 (1.5*$50=$75). A winning $50 bet at +150 odds would return $125 total to the bettor ($75 profit plus the original $50 bet.)
31,847-1. A sports bettor in New York turned a $6.90 16-team parlay ticket into $219,746.19 at Caesars Sportsbook. The New York state bettor picked the moneyline on nine baseball games and a run line, and had four NHL playoff plays and an additional two NBA playoff games. He had six underdogs on his card.
There's nothing wrong with placing a parlay or teaser bet every once in a while for fun. But bettors should never make parlays and teasers a daily habit or common routine. You are assuming massive risk and playing right into the sportsbooks hands. Instead, stick to flat betting.