Why Parlays/Multis Are Not Just For Suckers
Shamelessly copying this example from the recent Pinnacle article "The Art of Multiple Betting"
Let’s take the following example. You have €200 to play with and want to place them on two games. You think you have a 50% of winning each individual bet.
The bookmaker currently has them both priced at 2.10 (+110) for regular betting, and 2.09 (+109) for multiple betting. So your options are:
A) Place €100 on each game at 2.10
or
B) Place a €200 multiple at 2.092 = 4.368
In the first case you will end up with:
Expected profit for Option A
25% x (220+10+10-200) = 10 units, or an ROI of 10/200 = 5%
If we do the same math with the multiple we end up here:
Expected profit for Option B
25% x (673.60-200-200-200) = 18.4 units, or an ROI of 18.4/200 = 9.2%
This shows that if you have an edge in each of the wagers you place, you can easily upset the additional charges the bookmakers are applying to place a multiple.
Let’s take the following example. You have €200 to play with and want to place them on two games. You think you have a 50% of winning each individual bet.
The bookmaker currently has them both priced at 2.10 (+110) for regular betting, and 2.09 (+109) for multiple betting. So your options are:
A) Place €100 on each game at 2.10
or
B) Place a €200 multiple at 2.092 = 4.368
In the first case you will end up with:
Expected profit for Option A
25% x (220+10+10-200) = 10 units, or an ROI of 10/200 = 5%
If we do the same math with the multiple we end up here:
Expected profit for Option B
25% x (673.60-200-200-200) = 18.4 units, or an ROI of 18.4/200 = 9.2%
This shows that if you have an edge in each of the wagers you place, you can easily upset the additional charges the bookmakers are applying to place a multiple.