With the option of progressive parlays, why do regular parlays?

Hankwins · 11-11-12, 09:53 PM

you give up alot of odds for the ability to miss a play or two, some guys don't want 4/1, they want 12/1

brainfreeze0 · 11-11-12, 10:06 PM

Originally posted by Hankwins

you give up alot of odds for the ability to miss a play or two, some guys don't want 4/1, they want 12/1

So you give up the odds before one of the picks loses? I didnt know that. Thanks for clarifying

king · 11-12-12, 05:24 PM

Thanks for the thread brainfreeze0. I didn't know something like this exist and I usually do 10 team parlays, so this is good for me. Now I just have to find a book that fits my needs that has progressive parlays. I did the research and this fits right with my needs. Now I just need to find a US book.

Justin7 · 11-12-12, 09:00 PM

For any possible "almost parlay", you need to calculate the theoretical book edge per leg, assuming you hit 50%. In many cases, these almost parlays have a house edge much lower than regular parlays.

For example: If a 4-team almost pays 5:1 for 4-0, and 1:1 for 3-1, what is the edge?
4-0 pays 5
3-1 pays 1, 4 different ways.

5 winners paying a total of 9
11 losers paying -11

Total house edge for 4-teamer: (9-11)/16, or 12.5%.

Edge per leg: .125/4, or about 3.2%. That is better most book's straight -110 pricing. The catch is that ties lose for most of these parlays.

Inkwell77 · 11-15-12, 02:04 AM

Originally posted by Justin7

For any possible "almost parlay", you need to calculate the theoretical book edge per leg, assuming you hit 50%. In many cases, these almost parlays have a house edge much lower than regular parlays.

For example: If a 4-team almost pays 5:1 for 4-0, and 1:1 for 3-1, what is the edge?
4-0 pays 5
3-1 pays 1, 4 different ways.

5 winners paying a total of 9
11 losers paying -11

Total house edge for 4-teamer: (9-11)/16, or 12.5%.

Edge per leg: .125/4, or about 3.2%. That is better most book's straight -110 pricing. The catch is that ties lose for most of these parlays.

interesting

looneytunes · 11-15-12, 07:37 PM

Originally posted by king

Thanks for the thread brainfreeze0. I didn't know something like this exist and I usually do 10 team parlays, so this is good for me. Now I just have to find a book that fits my needs that has progressive parlays. I did the research and this fits right with my needs. Now I just need to find a US book.

play them from time to time at Heritage, their 10 team almost w/10 wins pays 250:1, 9 wins w/loss or tie pays 25:1, 8 wins w/2losses or ties pays 3:1.

ThaWoj · 11-15-12, 08:46 PM

Guys dont forget most progressive and multi-chance (another type of bet similar to progressive) parlays & teasers TIES LOSE

ThaWoj · 11-15-12, 08:48 PM

o btw theres also progressive and multichance pleasers (ties can win on some of those)

ThaWoj · 11-15-12, 08:57 PM

Originally posted by Justin7

For any possible "almost parlay", you need to calculate the theoretical book edge per leg, assuming you hit 50%. In many cases, these almost parlays have a house edge much lower than regular parlays.

For example: If a 4-team almost pays 5:1 for 4-0, and 1:1 for 3-1, what is the edge?
4-0 pays 5
3-1 pays 1, 4 different ways.

5 winners paying a total of 9
11 losers paying -11

Total house edge for 4-teamer: (9-11)/16, or 12.5%.

Edge per leg: .125/4, or about 3.2%. That is better most book's straight -110 pricing. The catch is that ties lose for most of these parlays.

5dimes has 3 payout choices for progressive parlays. i would choose "b" for a 4 teamer that pays -150 for 3/4 and +700 for 4/4.

Am i correct in choosing that over "a" which is +100 and +550 (and "c" which is -600 2/4, -200 3/4, +100 4/4)?