Ganchrow mentions the Kelly Caluclator spits out the % bet on a parly for simultaneous bets assuming that you are getting true parlay odds.
What books offer true parlay odds?
cinpls081
SBR Wise Guy
05-09-08
655
#2
no books give you true odds.
true odds on winning 2 games is 3 to 1. best you get 2.6
true odds on winning 3 games is 8 to 1 best you get 6
true odds on winning 4 games is 16 to 1 best you get 10
true odds on winning 5 games is 32 to 1 best you get 20
I would suggest to just play the game you like and then double up the bet.
You can create better odds for yourself by just multiplying the odds even with the juice you will end up ahead.
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Santo
SBR MVP
09-08-05
2957
#3
Most moneyline parlays are true odds, and I seem to remember one book (WSEX?) does true payouts on spreads, most European/Aussie books will also
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cinpls081
SBR Wise Guy
05-09-08
655
#4
that is true but the odds that you are given are not true odds. Always use money lines NEVER use -110 odds the house takes away the amount they should be paying you. Problem is if the money line is -110 both sides that isn't the true odds of winning true odds would be .5 but you are off at .485 NOT TRUE ODDS
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Santo
SBR MVP
09-08-05
2957
#5
Correct, if you're assuming just one book, and that the books odds are correct.
Basically if you have an edge, then parlaying will increase it. If you don't, you're increasing your (expected) losses.