Logic of Sports Betting Parlay question
danshan
Senior Member
here is a piece from his book logic of sports betting on parlays
https://i.imgur.com/Ahkqj37.png
he is saying the juice on a 3 team parlay is the same as a straight bet
here is what I think
you bet 10 8 times you win one get back 70
bet 80 win 70 that is a 12.5% hold
he is saying when you give me 80 and I give you back 70, that the hold changes based on what I do with that 80, right?
https://i.imgur.com/Ahkqj37.png
he is saying the juice on a 3 team parlay is the same as a straight bet
here is what I think
you bet 10 8 times you win one get back 70
bet 80 win 70 that is a 12.5% hold
he is saying when you give me 80 and I give you back 70, that the hold changes based on what I do with that 80, right?
Comments
the question is what the hell is the vig on a -110 3 team parlay