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re: WAFB: Kayshon Boutte charged in illegal sports gaming scheme
Posted on 1/25/24 at 12:51 pm to 225Tyga
Posted on 1/25/24 at 12:51 pm to 225Tyga
quote:
Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)
I highly doubt he was wagering hundreds of thousands of dollars.
Wtf? learn some basic stats.
The average bettor loses money and their payout per dollar spent is <1:1. The odds of him only putting down $10,000 and hitting multiple huge parlays to accumulate hundreds of thousands of dollars in his account is astronomically low.
Posted on 1/25/24 at 12:59 pm to Forever
quote:
learn some basic stats.
quote:
The odds of him only putting down $10,000 and hitting multiple huge parlays to accumulate hundreds of thousands of dollars in his account is astronomically low.
Hey moron...after you place a bet you are shown a payout. I didnt say he hit it but if he put $100 on a 12 team ML parlay of all underdogs it would probably pay out over 100K BUT he also probably didnt hit it.
see how this works?
Posted on 1/25/24 at 3:36 pm to Forever
quote:
Wtf? learn some basic stats.
The average bettor loses money and their payout per dollar spent is <1:1. The odds of him only putting down $10,000 and hitting multiple huge parlays to accumulate hundreds of thousands of dollars in his account is astronomically low.
He's not saying that he won hundreds of thousands of dollars. What he's saying is the story worded it poorly. He bet a few thousand dollars total with the payout of those bets if he had won being hundreds of thousands of dollars.
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