Error Correcting Output Codes (ECOC) can improve generalization performance when applied to multicategory classification problem. In this study we propose a new criterion to select hyperparameters included in ECOC scheme. Instead of margins of a data we propose to use the probability of misclassification error since it makes the criterion simple. Using this we obtain an upper bound of leave-one-out error of OVA(one vs all) method. Our experiments from real and synthetic data indicate that the bound leads to good estimates of parameters.