Now you take each the expected % of each outcome and multiply it by it's return so and add them up for an average return on a bet..
Straight Betting
4-0 .... 6.25% * $400
3-0 .... 25% * $160
2-2 .... 37.5% * -$18
1-3 .... 25% * -$209
0-4 .... 6.25% * -$400
Add them up for an average return and you have -$21.25 which divided by the 400 you laid down on them your return on average is -5.31% of your bet
Now Parlay Style
4-0 .... 6.25% * $510
3-1 .... 25% * $160
2-2 .... 12.5% * $160
2-2 .... 25% * -$200
1-3 .... 25% * -$200
0-4 .... 6.25% * -$200
Your average return here is -$20.63, which is less than the average return on the straight bet.. but you only laid 200 bucks down so the average return is a monterous -10.3% of your bet ... almost twice greater than a straight bet
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Quote Originally Posted by blaccsteel:
Is this correct math
Now you take each the expected % of each outcome and multiply it by it's return so and add them up for an average return on a bet..
Straight Betting
4-0 .... 6.25% * $400
3-0 .... 25% * $160
2-2 .... 37.5% * -$18
1-3 .... 25% * -$209
0-4 .... 6.25% * -$400
Add them up for an average return and you have -$21.25 which divided by the 400 you laid down on them your return on average is -5.31% of your bet
Now Parlay Style
4-0 .... 6.25% * $510
3-1 .... 25% * $160
2-2 .... 12.5% * $160
2-2 .... 25% * -$200
1-3 .... 25% * -$200
0-4 .... 6.25% * -$200
Your average return here is -$20.63, which is less than the average return on the straight bet.. but you only laid 200 bucks down so the average return is a monterous -10.3% of your bet ... almost twice greater than a straight bet
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