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Parlay question for sports betters
Posted on 8/13/12 at 7:45 am
Posted on 8/13/12 at 7:45 am
In going to Vegas 31-4 for the start of CFB...let's say I parlay O/U on Oregon game, OU -30, Texas -29, and ohio state -22...bet 200 to win 2000...then I place an individual 200 dollar bet on those four games so if I hit only three I miss the parlay but make more than what I spent on the parlay back...right? + I have actually given myself a shot at the parlay plus extra money for the single bets...am I missing something?
6
Posted on 8/13/12 at 7:50 am to GhostBuster6
Yes
You could lose it all
You could lose it all
Posted on 8/13/12 at 7:52 am to webbgem
But it is still the best way to do it right? You have bet 1K with the chance of winning a good amount plus you have outs for hedging...is this a common way of betting?
Posted on 8/13/12 at 7:52 am to GhostBuster6
quote:
In going to Vegas 31-4 for the start of CFB...let's say I parlay O/U on Oregon game, OU -30, Texas -29, and ohio state -22...bet 200 to win 2000...then I place an individual 200 dollar bet on those four games so if I hit only three I miss the parlay but make more than what I spent on the parlay back...right? + I have actually given myself a shot at the parlay plus extra money for the single bets...am I missing something?
damn it's so easy.
Posted on 8/13/12 at 7:53 am to GhostBuster6
quote:
But it is still the best way to do it right? You have bet 1K with the chance of winning a good amount plus you have outs for hedging...is this a common way of betting?
no its stupid. for one, you are putting $200 on a parlay. might as well just give $200 away.
Posted on 8/13/12 at 7:57 am to bbap
this man just figured Vegas out
Posted on 8/13/12 at 8:09 am to BilJ
No just asking about a theory.
Posted on 8/13/12 at 9:15 am to GhostBuster6
Yes but if you go 2-2 then you lose money obviously. As for hedging, In the long run its not sound betting (you lose tremendous value, there's a math behind it but don't feel like explaining). Only hedge on future bets. Even parlays are not a good way to bet, always try individual bets.
If you're just doing it for fun to follow those games and you have $200 to spare then go for it, although it would suck if the first leg of the parlay doesn't hit.
If you're just doing it for fun to follow those games and you have $200 to spare then go for it, although it would suck if the first leg of the parlay doesn't hit.
Posted on 8/13/12 at 9:20 am to GhostBuster6
Your theory sucks
Posted on 8/13/12 at 10:05 am to GhostBuster6
quote:
In going to Vegas 31-4 for the start of CFB...let's say I parlay O/U on Oregon game, OU -30, Texas -29, and ohio state -22...bet 200 to win 2000...then I place an individual 200 dollar bet on those four games so if I hit only three I miss the parlay but make more than what I spent on the parlay back...right? + I have actually given myself a shot at the parlay plus extra money for the single bets...am I missing something?
Don't put 200 bucks down on a 4 team parlay. You're going to lose. If you like those four games a lot, go in on each of them individually and then maybe put 50 down on a parlay with all of them.
I think I've hit a parlay involving 4 even money plays (i.e. not a moneyline parlay) once in my entire life. They're really tough to hit.
Posted on 8/13/12 at 10:31 am to GhostBuster6
I have done a 4-5 team parlay every football weekend for a very low dollar amount, (like $2-3) and have only it 2 in 3 years of betting.
Parlays are just a way to lose money, but hitting one every blue moon is exciting.
Parlays are just a way to lose money, but hitting one every blue moon is exciting.
Posted on 8/13/12 at 10:55 am to tigerbaittrick
quote:good enough for me! 4 single bets it is
I have done a 4-5 team parlay every football weekend for a very low dollar amount, (like $2-3) and have only it 2 in 3 years of betting.
Posted on 8/13/12 at 10:58 am to tigerbaittrick
quote:
I have done a 4-5 team parlay every football weekend for a very low dollar amount, (like $2-3) and have only it 2 in 3 years of betting.
Parlays are just a way to lose money, but hitting one every blue moon is exciting.
I agree. Usually pick a 3-4 game parlay for a few bucks most weekends and I can only think of twice where it hit. I'll prefer to put more bucks on it and go with a teaser so at least I have the spreads in my favor. Not going to get rich on a teaser, but you're gonna go broke betting parlays.
Posted on 8/13/12 at 1:37 pm to GhostBuster6
A 4 game parley @ 10 to 1 is a sucker bet - explained below
Betting straignt
Game 1 - $200.00 bet = winnings of $200.00
Game 2 - Game 1 winnings + original $200.00 ($400.00 bet) = winnings of $400.00
Game 3 - Game 1 winnings + Game 2 winnings + original $200.00 = ($800.00 bet)= winnings of $800.00
Game 4 - Game 1 winnings + Game 2 Winnings + Game 3 winnings + original $200.00 = ($1600.00 bet) = $1600.00 winnings
Total winnings - Game 1($200.00) + Game 2($400.00) + Game 3($800.00) + Game 4($1600.00) = $3000.00.
$3000.00 dollars is more than $2000.00
So if you want to bet a 4 game parley make sure you pick games with the kickoff spread far enough apart to allow you to roll your bets.
edited - adjusted math $3200.00 to $3000.00
Betting straignt
Game 1 - $200.00 bet = winnings of $200.00
Game 2 - Game 1 winnings + original $200.00 ($400.00 bet) = winnings of $400.00
Game 3 - Game 1 winnings + Game 2 winnings + original $200.00 = ($800.00 bet)= winnings of $800.00
Game 4 - Game 1 winnings + Game 2 Winnings + Game 3 winnings + original $200.00 = ($1600.00 bet) = $1600.00 winnings
Total winnings - Game 1($200.00) + Game 2($400.00) + Game 3($800.00) + Game 4($1600.00) = $3000.00.
$3000.00 dollars is more than $2000.00
So if you want to bet a 4 game parley make sure you pick games with the kickoff spread far enough apart to allow you to roll your bets.
edited - adjusted math $3200.00 to $3000.00
This post was edited on 8/13/12 at 1:59 pm
Posted on 8/13/12 at 1:42 pm to justafarmer
quote:umm..doubt they will be even money
Game 1 - $200.00 bet = winnings of $200.00
Posted on 8/13/12 at 2:06 pm to GhostBuster6
The 10 to 1 4 game parley odds given at a sports book are based on all 4 games bet being the standard -110 book. If the games you include in your parley deviate from the standard the sports book will adjust your parley odds accordingly. Risking $220.00 to win $3000.00 is better odds than risking $200.00 to win $2000.00.
Posted on 8/13/12 at 2:08 pm to justafarmer
ohhh.. i was reading your post wrong. i was thinking you were outlining single bets
Posted on 8/13/12 at 3:00 pm to GhostBuster6
I was outlining single game bets which rolled the original bet plus your accumilated winnings into the next single game bet over a span of 4 games. This is essentially the same bet as a 4 game parley except the payout is 50% greater. If you lose any of the single game bets out of the 4 you stop the roll.
My example was just to illustrate that parleys at sports book odds are sucker bets.
My example was just to illustrate that parleys at sports book odds are sucker bets.
Posted on 8/13/12 at 3:01 pm to justafarmer
Ok plus u give yourself the option of stopping after like 2 hit if you want to
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