My first parlay of the week will be posted here. Not sure how everyone else does parlays in soccer, but mine are extremely mathematically complicated. I'll try to explain so you'll understand why I do what I do.
1) I believe in hedging. You have to respect randomness and soccer is an extremely random game. There is something to be said for taking a side, but sometimes I just want to reduce variance.
2) In these hedges, I'll tend to throw in a draw to counter "worst case scenario referee/luck/injuries b.s." That game for me this week is Tottenham vs. Everton. Yes, I am confident Spurs will win, but I'm not guaranteeing it. Therefore, I'm throwing in the draw for +240 into the parlay hedge just in case. Now if Everton wins I'm completely screwed...but that's gambling.
Three games I will be playing this week in my parlay hedge:
A. Bournemouth at Manchester United
B. Tottenham at Everton (hedging the draw)
C. Leicester City at Hull City
A. I am completely hedging the Bournemouth at Man United game. Doesn't make sense at first, but let me give my reasons. First, United should win this game. Won't be easy, but they should win it. It is Bournemouth, they are United. However, United is only -120 on the win. So even if I throw in Bournemouth +375 and Draw +265, then I will still make money on this parlay hedge. You will see this later on in mathematical terms.
B. Hedging the draw here, but if Spurs/Toffees end up a draw, I really don't mind breaking even overall on this parlay hedge, because I think there is a strong chances that Spurs dominate this contest. Therefore, I find the Spurs +145 win number profitable, and I'm hedging the Draw at +240.
C. Leicester should pulverize Hull City. If this game ends up a draw or Hull City win...just count this as the all-time upset of the season. Whatever...you have to take a risk if you want to make
Each Parlay Hedge will be numbered 1-6, with mathematical odds listed.
1: Bournemouth +375, Spurs +145, Leicester -110 = 21.2x (meaning it pays out 21.2 to 1)
2: BOU/UTD Draw +265, Spurs +145, Leicester -110 = 16.1x
3: United -120, Spurs +145, Leicester -110 = 7.6x
4: Bournemouth +375, TOT/EVE Draw +265, Leicester -110 = 10.9x
5: BOU/UTD Draw +265, TOT/EVE Draw +265, Leicester -110 = 22.7x
6. United -120, TOT/EVE Draw +265, Leicester -110 = 29.8x
I will be betting this Parlay Hedge for a total of 3 units and breaking it up between the 6 parlays. Remember, on parlays 4-6 I am only trying to break even - I don't care about making money on them. In parenthesis is the math you can do all of them on your own, I have a spreadsheet where I plug everything in.
1: 0.7 units to net 12.5 units. (0.7*21.2 - 2.3) = 12.5 untis
2: 0.8 units to net 10.7 units
3: 0.9 units to net 4.7 units
4: 0.3 units to net 0.6 units
5: 0.2 units to net 1.7 units
6: 0.1 units to net 0.1 units
So you can see I'm really hoping Bournemouth puts in a good performance because if they win/draw I get paid handsomely. Even if they lose and Spurs/Leicester win I still net 4.7 units which - hey I'll take that.
If you all have any questions, feel free to ask. About to post my stay-aways.