VIP.com progressive parlay $85,000 pot

[Offshore Insider]

ran across this today, never seen this anywhere before. $5 bet, seems like good value at 17,000 to 1. has anyone ever played this before?

http://info.vip.com/en/sports/2009_progressive_parlays.htm

[Santo]

I did the sums on it a couple of weeks ago when it was slightly -EV.

True odds would be around 81290-1, so there's possibly a slight overlay there, but it's essentially a lottery ticket. I say possibly because I can't remember whether if two people hit they split the pot.

[soxwin1917]

They gave me a free $5 to do that.....so far I've hit my first 6 on the ticket