Does Anyone Bet Parlays Here?

[jjgold]

My rate of return has improved since I eliminated the gimmick bets as they are losing props.

Why does anyone bet them??

[Mudcat]

I have never bet parlays in a serious thinking-it-was-a-smart-money-making-strategy way.

Sometimes on a Saturday during NCAAF or NCAAB, I'll parlay a handful of big ML favorites and put some small $$$ on them just as an added bit of entertainment.

But I'm sure I lose money on those in the long run.

[marc]

Parlays are great fro free plays. Otherwise I never use them

[onlooker]

Nope.

[Illusion]

I do not bet parlays coach.

[raiders72001]

Parlays are a huge advantage to a player that is good. They are horrible if you are bad or even 50/50. Say you hit 55% of your football bets.

ROI of betting straight at -110 = 5%
ROI of betting -105 = 7.38 %
3 teamer at 13-5 = 8.9%
3 teamer at 14-5 = 14.9%

[raiders72001]

I still don't bet parlays as I don't want to risk having a bad year and taking a beating except in baseball.

If you bet a baseball parlay at a book that you can get the best odds there is no disadvantage to betting the parlay compared to two straight bets.

Also if you get 7-1 for a 3 teamer you are getting true odds.

[marc]

I can see players who have a small bankroll wanting to use parlays. But for players with large bankrolls, I don't see why they'd want to link 2 wagers together. The one exception of course being where the wagers are correlated, e.g. point spread and o/u

[jjgold]

Open parlays might be a litte better odds than regular ones due to parlay not having top be filled at the time of the bet.

Good Info Raiders

[raiders72001]

Here's the math playing a 2 teamer at 13/5 hitting 55%.

55^2/100^2= 3025/10000 = .3025
This means you will win 30.25 % of your parlays.

Over 100 bets you win 30.25 and lose 69.75.

ROI = 8.9 %

[raiders72001]

3 teamer at 6-1

55^3/100^3 = .1646

Over 100 games you
win 16.46
lose 83.54

[raiders72001]

At $110/game 3 teamer at 6-1 over 100 games.

win 16.6375 * 6 = 9982.50
lose 83.3625 * 1 = 8336.25
profit = 1646.25

[UntilTheNDofTimE]

no parlays are for suckers

bump

[JohnAnthony]

Hmm, I do..maybe I'm a sucker but it hasn't been going too bad. +36u yesterday and already +7 today. I realize it's -EV in the long term, and I will make sure not to count on 'em too much for $$$.