raiders72001 said...
Huge advantage on parlays if you are good. Huge disadvantage if you are bad.
Say you play 100games at $100/game and hit 55% winners.
At -110
55*100= $5500 45*(-1.1)= -$4950 profit= $550
------------------------------------------------------
At -1.05
55*100= 5500 45*(-1.05)= -4725 profit = $755
--------------------------------------------------
3 team parlay paying 6-1 @ 55% winners
Win 16.6375 games Lose 83.3625 games
16.6375 * 100 * 6= $9982.50
83.3625 * -100 = -$8336.25
Profit = $1646.25
-----------------------
7-1
Win 16.6375 * 100 * 7 = $11646.25
83.3625 * -100 = -$8336.25
Profit = 11646.25 - 8336.25 = $3310.00 profit
Raiders is entirely, 100% correct. But due note, this occurs only in the perfect world of 55% where in the 3 team parlay - when Team A wins, Team B wins 55% of the time and in those cases Team C wins 55% of the time. If a player has the bankroll to manage the swings of luck, and he can hit 55% in the long, long run... Parlays will absolutely make that player significantly more money. Pure Fact. Its a lower paying bet than a straight bet when the player averages a certain percenatge of win... cross that magic line in win rate % (price adjusted) and the parlay now becomes a more profitable wager.