How much of an advantage is this correlated parlay?

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  • George7904
    SBR Hustler
    • 07-28-10
    • 77

    #1
    How much of an advantage is this correlated parlay?
    I have an out that will allow me to parlay the favorite -37.5 and over 52. How much of an advantage is this? What is the expected return? I am guessing that it would be about 10% or so.
  • Bluehorseshoe
    SBR Posting Legend
    • 07-13-06
    • 14998

    #2
    It's getting brutal in here.
    Comment
    • George7904
      SBR Hustler
      • 07-28-10
      • 77

      #3
      Why is it getting brutal? What do you mean by that? Justin says (in previous posts) that anything above a 38.5% ratio is advantageous. This is over 70%. Am I misinterpreting your comment? This out is a clueless local.
      Comment
      • IrishTim
        SBR Wise Guy
        • 07-23-09
        • 983

        #4
        What percent of the total is the spread?
        Comment
        • George7904
          SBR Hustler
          • 07-28-10
          • 77

          #5
          72%. 37.5/52
          Comment
          • Justin7
            SBR Hall of Famer
            • 07-31-06
            • 8577

            #6
            guessing quickly, the two good boxes (+37.5/und 52 and -37.5/ov52) will each hit maybe 34%. The dog will do slightly better.

            If those numbers are good (and I didn't do a DB search to guess on those) and you get 2.6:1 on 2 teamers,
            EV = 0.34 * 2.6 - 0.66 = 0.224, or 22.4%.
            Comment
            • George7904
              SBR Hustler
              • 07-28-10
              • 77

              #7
              Sorry, to ask another question (I'm not being lazy, I just don't know where to start with the math). How did you come up with the 34% hit ratio?
              Last edited by George7904; 08-31-10, 08:24 PM.
              Comment
              • Justin7
                SBR Hall of Famer
                • 07-31-06
                • 8577

                #8
                Originally posted by George7904
                Sorry, to ask another question (I'm not being lazy, I just don't know where to start with the math). How did you come up with the 34% hit ratio?
                It was a guess.

                If you want a better guess, look at a database. Compare how often a college game with a total to line ratio of 1.5 (or 1.4 to 1.6) hits dog/under, and fav/over.
                Comment
                • IrishTim
                  SBR Wise Guy
                  • 07-23-09
                  • 983

                  #9
                  Originally posted by George7904
                  72%. 37.5/52
                  Correct, now you need to run a database analysis as Justin said to generate an expected winning percentages for the parlay. From there, calculating your EV is a trivial task.
                  Comment
                  • Bill the cop
                    SBR High Roller
                    • 12-14-09
                    • 128

                    #10
                    Originally posted by IrishTim
                    Correct, now you need to run a database analysis as Justin said to generate an expected winning percentages for the parlay. From there, calculating your EV is a trivial task.

                    Here ya go. With a LTR of 1.39 for the full game the F/O covers 34.6% of the time, the D/U covers at a 29.5% rate (using a LTR range of 1.3 to 1.5).
                    Last edited by Bill the cop; 09-01-10, 11:33 AM.
                    Comment
                    • Flight
                      Restricted User
                      • 01-28-09
                      • 1979

                      #11
                      Bill, did you use a historical game database to get your numbers? If so, what league and what years did you query?

                      Thanks.
                      Comment
                      • Bill the cop
                        SBR High Roller
                        • 12-14-09
                        • 128

                        #12
                        2000-2009, database of 6338 college games with lines posted on Don Best.
                        Comment
                        • Flight
                          Restricted User
                          • 01-28-09
                          • 1979

                          #13
                          Nice database, wish I had Don Best's closing lines.

                          I'm surprised to see F/O cover more than D/U. In the query that I ran, D/U was around 38% and F/O was around 26%. (Only looked at 2008 and 2009 NCAAFB though).
                          Comment
                          • dj_destroyer
                            SBR MVP
                            • 07-28-10
                            • 3856

                            #14
                            Originally posted by Bill the cop
                            2000-2009, database of 6338 college games with lines posted on Don Best.
                            Sorry for bumping super old thread but anyway this database has been kept updated? I have a local who doesn't have a clue about correlation. I'm wondering how you and Flight could have such different numbers. Wondering what the real ratio is.
                            Comment
                            • Believe_EMT
                              SBR Wise Guy
                              • 03-31-19
                              • 508

                              #15
                              looks like Filght only used 2 years of data which suggests a much smaller data set and could present wildly different results. might only cover a handful of games
                              Comment
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