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Originally Posted by cloud_break
I think your original math is correct.
You would have bet $6 on each horse in the first race. You would have cashed $27 on the winner. This would have left you $9 on each horse in the second leg. you would have cashed $75.60 on the winner. This would have left you $37.80 on each horse in the last leg, leaving a final tally of $51.03 after the third leg. $12 investment = $51 return. This would vary a bit since you couldn't make $.50 wagers but the math for the parlay is accurate.
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Ok, so you put the full amount of the ticket and not the $1, you put total cost divided by total first leg and go from there. Good information