Quote Originally Posted by eddothebook:
Lol and the little shit just smacked me for yet another sure thing parlay for more money that possibly exists... Lakers, Clippers, Celtics to win series, parlayed. Odds -124. He wanted to lay 20k. I told him I can only do 10 at this point.
Looks like he got lucky AGAIN with Boston. If Atlanta had won that game,
his huge parlay that was paying -124 odds would have been an underdog
as Boston would need to travel to Atlanta and win and the L.A. team
would each need to win their series respectively.
Not only that, but he would probably try to buy his way out of his ticket for a part of his stake, as he is been begging me to do so.
Boston won. Lakers and Clippers each lost a game. There are no odds for their next game to win.
Basically right now he has 10K riding to win about 8K, needing the Lakers to win Game 7 and the Clippers to win game 6 OR Game 7.
How much would I need to risk on a 2-game series parlay right now (Lakers/Clippers) for the payout + my stake to be 18K ? If the odds are -300 for Lakers and Clippers respectively, then the answer would be 10K.
(1/3 + 1)^2 = 1.78 1.78 *10K = 17,800This means with Boston already winning but the Lakers and Clippers each losing a game, I should let my guy cancel his ticket free of charge to be EV neutral. However, we do not know what the odds are going to be.
I actually believe the Lakers will be around -175 and the Clippers -230 (but if they lose, they will be slight underdogs in Memphis). Assuming Clippers odds of losing both games are
(30%*60%) = 18%, the odds should be -455.
(1/4.55 + 1)*(1/1.75 + 1) = 1.917Which means his ticket is worth about $9400, or $600 less than what he started with. He is a gambler and he does not want to experience the feeling of watching the Lakers and Clippers win while being bought out of his ticket. He rather lose. All gamblers rather lose than not have action on a winning game. How do I buy him out short? How do I convince him that even though Boston already won, for him to get out of this ticket, he's actually going to have to pay money out?