If anyone has played at Betfirstclass and bet MLB parlays...

BigDaddy · 07-26-09, 01:25 PM

http://forums.eog.com/online-sportsbooks-and-gambling-discussion/betfirstclass-mlb-parlay-odds-235355.html

07-26-09, 01:52 PM #1
The Judge
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Join Date: Jul 24, 2006
Location: PTY
Posts: 1,300

Default BetFirstClass MLB Parlay Odds
I have looked into this issue thoroughly and it is clear that MLB parlays at BetFirstClass have not been paying true odds based on the lines posted. I am currently in the process of identifying which players have placed winning parlays within the last month and will be contacting each of them to report to them that their accounts have been adjusted with the appropriate credits.

As it turns out, the reason for the miscalculations of these parlays is due to the odds for MLB parlays mistakenly being set to be the same as NFL or any other standard -110 sport. While it varies slightly from shop to shop, most bookmakers’ payouts for -110 parlays are set lower than actual odds but almost universally baseball parlays pay true odds. Yesterday, Chester was kind enough to share the following information regarding the specific software that BetFirstClass uses:
Quote:
Originally Posted by Chester View Post
i have looked at this same software and here is what I know: when calculating moneyline/non ALL -110 parlay it takes into consideration fixed payout on pointspread parlay. Calculation formula calculates the moneyline parlay, then looks up fixed payout, then calculates parlay payout of same amount of teams with ALL -110, then uses proportion formula to reduce parlay payout according to fixed payout, However if the store has fixed payout BOLTED DOWN, moneyline parlay will pay LESS too...Just my 2 cents and hope this helps
While the parlay setting for MLB needs to be independent from the settings for -110 parlays, it has not been and that has resulted in MLB parlays being paid out at these odds:

TEAMS...ODDS
...2........13:5
...3..........6:1
...4........10:1
...5........20:1
...6........40:1
...7........75:1
...8.......100:1

In fact, BFC’s software is currently calculating MLB parlays with -110 odds to these exact payouts:

NSS Team Line Pt Buy Risk Win
915 FLA(C VOLSTAD -R/J SCHMIDT -R) ov9½ -110 100
2000
920 DET(R PORCELLO -R/C RICHARD -L) un9½ -110

911 SFO(R SADOWSKI -R/A COOK -R) +1½ -110

916 LOS(J SCHMIDT -R/C VOLSTAD -R) un9½ -110

919 CWS(C RICHARD -L/R PORCELLO -R) ov9½ -110

This setting was not intentional and is due to be corrected as soon as possible. I will report on the progress of this work as soon as I more information from the tech guy at BetFirstClass.

I ask that players whose accounts have been affected by this incorrect setting for MLB parlays feel free to email me at Judge@BetFirstClass.com and their issues will be given first priority in determining the appropriate adjustment. It is clearly going to take a great deal of effort to go back and review each account ourselves but BetFirstClass is committed to identifying each and every account that needs to be adjusted in a timely manner.

I am also asking that players not send me a PM requesting that I look into their situation. Email messages will be much easier to manage and to keep a record of so this is the preferred method of contact.
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Judge@BetFirstClass.com
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sickler · 07-26-09, 01:29 PM

Nobody here plays at that hole.

flyingillini · 07-26-09, 01:36 PM

Remember when the guy that runs the book came on SBR and was talking shit to posters? That was weird. I have heard good things about the book, but they need to get a new look. The person who designed it looks like the same guy who did gamecities.com... I heard it's a good book though.

sickler · 07-26-09, 01:52 PM

Originally posted by flyingillini

Remember when the guy that runs the book came on SBR and was talking shit to posters? That was weird. I have heard good things about the book, but they need to get a new look. The person who designed it looks like the same guy who did gamecities.com... I heard it's a good book though.

That was hilarious. He either didn't know or didn't care that while representing a book, he has no choice but to act professional on the forum.

Over here slingin' shit like he was one of us, not realizing that we (average joe poster) have no reason to act professional on the forum.

RickySteve · 10-31-09, 01:15 PM

Island aka Sportbet and Gambler's Palace also cheat players on MLB parlays by calculating with fixed odds.

Ravy Pacer · 10-31-09, 01:19 PM

When the owner of the shop starts posting customers plays on a forum, you know it's a shithole. Why is anyone still playing there? Even stinky Shrinky took them down at his place. The seas have parted boys.