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Started By
Message
PrizePicks and similar games have TERRIBLE odds.
Posted on 12/20/24 at 11:35 am
Posted on 12/20/24 at 11:35 am
My high school son has several friends who play PrizePicks, Underdog Fantasy, etc. He asked me about it. I play cards. I don't, however, bet on games or players, so I started calculating the odds.
These games have TERRIBLE odds.
2-Pick Power Plays?
Require two out of two correct picks.
Chance of winning 1:4.
Payout is 1:3.
Loss: 25%
3-Pick Power Plays?
Requires three out of three correct picks.
Chance of winning 1:8.
Payout is 1:5.
Loss: 37.5%
4-Pick Power Plays?
Requires four out of four correct picks.
Chance of winning 1:16.
Payout is 1:10.
Loss: 37.5%
6-Pick Flex Play
Requires at least four out of six correct picks.
Six correct picks pays 1:25.
Five correct picks pays 1:2.
Four correct picks pays 1:.4.
Loss: 32.8%
I'm not 100% sure about my calculations. Does anyone have different percentages?
(I know the payouts are written backwards, but the layout helps convey the loss percentages better.)
These games have TERRIBLE odds.
2-Pick Power Plays?
Require two out of two correct picks.
Chance of winning 1:4.
Payout is 1:3.
Loss: 25%
3-Pick Power Plays?
Requires three out of three correct picks.
Chance of winning 1:8.
Payout is 1:5.
Loss: 37.5%
4-Pick Power Plays?
Requires four out of four correct picks.
Chance of winning 1:16.
Payout is 1:10.
Loss: 37.5%
6-Pick Flex Play
Requires at least four out of six correct picks.
Six correct picks pays 1:25.
Five correct picks pays 1:2.
Four correct picks pays 1:.4.
Loss: 32.8%
I'm not 100% sure about my calculations. Does anyone have different percentages?
(I know the payouts are written backwards, but the layout helps convey the loss percentages better.)
This post was edited on 12/20/24 at 11:52 am
4
Posted on 12/20/24 at 11:36 am to Salviati
Gambling favors the house?
Who knew?
Who knew?
Posted on 12/20/24 at 11:41 am to Salviati
they prey on the naive with the fun interface and the “loophole” to sports betting in states where it’s not legal
it’s not a “house edge” it’s basically a tax on not being able to bet legally
it’s not a “house edge” it’s basically a tax on not being able to bet legally
This post was edited on 12/20/24 at 11:46 am
Posted on 12/20/24 at 11:50 am to 0x15E
quote:Yes, gambling always favors the house. It's why I don't gamble. It's also why the huge buildings in Las Vegas and Jersey City were built.
Gambling favors the house?
Who knew?
But the vig on a typical bookie bet is around 10%.
The loss on PrizePicks is much worse.
Posted on 12/20/24 at 11:54 am to Salviati
House always wins
Posted on 12/20/24 at 12:08 pm to Salviati
Stop giving unfettered internet access to retarded children. It’s not hard yall
Posted on 12/20/24 at 12:17 pm to Water
quote:Of course, but in roulette with a 00, the house edge is only 5.26%.
House always wins
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