GradyFuson Posted October 6, 2014 Report Share Posted October 6, 2014 Is 5 for 1 the same as +500? And 10 for 1 the same as +1000? Quote Link to comment Share on other sites More sharing options...
tripp Posted October 6, 2014 Report Share Posted October 6, 2014 yes Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 6, 2014 Report Share Posted October 6, 2014 No, it is not. 5 for 1 is +400......for every 100 wagered you receive 500 back. 5 to 1 is +500........for every 100 wagered you receive 600 back. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 6, 2014 Report Share Posted October 6, 2014 Be aware of any blackjack game that says they pay 2 for 1......this is simply a tricky way of stating blackjack pays even money. Quote Link to comment Share on other sites More sharing options...
pokerjoe Posted October 6, 2014 Report Share Posted October 6, 2014 I can remember almost falling for the "for"/ "to" trick when I first saw Vegas parlay cards, way back in the day. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 6, 2014 Report Share Posted October 6, 2014 I can remember almost falling for the "for"/ "to" trick when I first saw Vegas parlay cards' date=' way back in the day. [/quote'] .....hundreds do so every week in Vegas. Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 6, 2014 Author Report Share Posted October 6, 2014 I fell for it on Saturday. But I had three 3-teamers that all cashed thanks to weak lines. Not sure if they were EV on Friday but by Saturday night they were +EV :) Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 6, 2014 Author Report Share Posted October 6, 2014 That means that the 4 teamer has more value than the 3 teamer right? Who's a math guy out there? 4 teamers being 10 for 1 (+900) and 3 teamers being 5 for 1 (+400) Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 7, 2014 Report Share Posted October 7, 2014 GL Grady Quote Link to comment Share on other sites More sharing options...
Guest ChrisHarvard Posted October 7, 2014 Report Share Posted October 7, 2014 Hello Grady. Let me give you a nickel's worth of free advice. Avoid parlays, teasers, props etc that most books like to promote (it increases their own profit margins, of course). If you like the Broncos to cover the spread on a particular day, and the Bears and Falcons as well, bet them all individually. If you win all three, that's great, but winning two of three is much more likely than sweeping the card. And two out of three produces a profit. Even winning just one of the three bets is not a disastrous result. Sure, it's not a winning day, but for the three bets you made, at least you got a return on one of them. When you get into the habit of parlays and teasers, there's no result possible except winning all three bets that will allow you to get any return on your investment at all. Grady, read more here: http://bettingresource.com/sports-betting-money-management.html Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 7, 2014 Author Report Share Posted October 7, 2014 If I could bet them individually I would but I'm doing it on a parlay card that doesn't change throughout the week. Thanks though Chris... I was 3 for 3 last weekend (3 different 3 team parlays on CFB), I reckon I'll give it a shot next weekend as well, can't wait till Friday to put the new bets in :) Quote Link to comment Share on other sites More sharing options...
Guest ChrisHarvard Posted October 7, 2014 Report Share Posted October 7, 2014 Thanks Chris... I was 3 for 3 last weekend (3 different 3 team parlays on CFB)' date=' I reckon I'll give it a shot next weekend as well... Can let you know how I do if you want.[/quote'] Grady I wish you the best. I would caution you however, week in and week out, you won't go 3-0 for 1.000. 2 out of 3 is still a profit, that was my point. And profit is what's going to keep you in the game. If you "go for broke" (parlays) you're going to wind up just that. We are a tight community here and we all want to come together and beat the lines. If you have some picks for Saturday, post em'. Let's see what ya got Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 7, 2014 Report Share Posted October 7, 2014 Actually, times occur semi-often in Vegas where parlay cards will present +EV opportunities with their stale numbers........not near as lucrative this day and age as in years gone by( at least on my end, not to say other pros are not still hammering away on a regular basis). Quote Link to comment Share on other sites More sharing options...
WVU Posted October 7, 2014 Report Share Posted October 7, 2014 parlay cards used to be a gold mine with the stale lines even with shit payouts Quote Link to comment Share on other sites More sharing options...
pokerjoe Posted October 7, 2014 Report Share Posted October 7, 2014 Yeah, it makes no sense to make blanket statements like parlays or teasers are worse than straight bets. It's all calculation. Most of the time, parlay cards are worse, though, sure. And almost always, the longer the string, the worse it is (5x parlays are more -EV than 4x; 6x more -EV than 5x, 10 pt teasers more -EV than 7 points teasers, etc). But it is all math. The value of a stale number can overcome the cost of the lowered payout. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 7, 2014 Report Share Posted October 7, 2014 Yeah, it makes no sense to make blanket statements like parlays or teasers are worse than straight bets. It's all calculation. Most of the time, parlay cards are worse, though, sure. And almost always, the longer the string, the worse it is (5x parlays are more -EV than 4x; 6x more -EV than 5x, 10 pt teasers more -EV than 7 points teasers, etc). But it is all math. The value of a stale number can overcome the cost of the lowered payout. Ditto Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 7, 2014 Author Report Share Posted October 7, 2014 If anyone can correct me on this go ahead. I believe that for every game you add to a parlay your payout should double if there is any chance of there being EV So in my example a 4 teamer seems to be the better option because the payout is +900 which is more than double the 3 teamer of +400. Thoughts? P.S. This card has very nice and very stale numbers (not in Vegas sorry fellas) Quote Link to comment Share on other sites More sharing options...
Hedge Posted October 7, 2014 Report Share Posted October 7, 2014 +900 on four is better than +400 on three, but neither look enticing to me--even with stale lines. Fair Value with current lines would be +1500 on 4-teamers and +700 for three. Quote Link to comment Share on other sites More sharing options...
WVU Posted October 7, 2014 Report Share Posted October 7, 2014 Grady on these parlay cards are all the NFL games mostly lined at 3 or 7? Do pushes lose? Quote Link to comment Share on other sites More sharing options...
wrigley Posted October 7, 2014 Report Share Posted October 7, 2014 parlay cards used to be a gold mine with the stale lines even with shit payouts But ties were losses never seen a half point on parlay cards Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 7, 2014 Author Report Share Posted October 7, 2014 Grady on these parlay cards are all the NFL games mostly lined at 3 or 7? Do pushes lose? No, I believe the lines were sharpish on Tuesday. I didn't bother with the nfl games just the cfb games that had moved significantly. Also ties loose so pretty tough to beat. I'm gonna try again this weekend. Quote Link to comment Share on other sites More sharing options...
Guest ChrisHarvard Posted October 8, 2014 Report Share Posted October 8, 2014 Grady let us know your plays in advance, pal. If you're hitting 1.000 I want a piece! Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 11, 2014 Author Report Share Posted October 11, 2014 I seriously doubt anyone out there can get these numbers because they are so stale, but here's what I'm putting in this week: All 4-teamers at +900 Toledo 7, Califonia -1, Llouisville 14, Florida Int 13 Toledo 7, Califonia -1, Llouisville 14, Duke 7 Toledo 7, Califonia -1, Florida Int 13, Duke 7 Louisville 14, Florida Int 13, Duke 7, Indiana 7 Quote Link to comment Share on other sites More sharing options...
GradyFuson Posted October 11, 2014 Author Report Share Posted October 11, 2014 My bubble is bursting :( Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.