We report our theoretical predictions on the linear magnetoelectric (ME) effects originating from odd-parity multipoles associated with spontaneous spin and orbital ordering on a diamond structure. We derive a twoorbital model for d electrons in eg orbitals by including the effective spin-orbit coupling which arises from the mixing between eg and t2g orbitals. We show that the model acquires a net antisymmetric spin-orbit coupling once staggered spin and orbital orders occur spontaneously. The staggered orders are accompanied by oddparity multipoles: magnetic monopole, quadrupoles, and toroidal dipoles. We classify the types of the oddparity multipoles according to the symmetry of the spin and orbital orders. Furthermore, by computing the ME tensor using the linear response theory, we show that the staggered orders induce a variety of the linear ME responses. We elaborate all possible ME responses for each staggered order, which are useful to identify the order parameter and to detect the odd-parity multipoles by measuring the ME effects. We also elucidate the effect of lowering symmetry by a tetragonal distortion, which leads to richer ME responses. The implications of our results are discussed for 5d transition metal oxides, AOsO4 (A = K, Rb, and Cs), in which the order parameters are not fully identified.