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bet a 7-team parlay tonight

didn't really like anything, sometimes I will do that for a few dollars, when I don't like the slate of games. when the Iowa v Northwestern games goes under, I will have gone 0-7, that's hard to do
Man, you should look for higher probability bets, albeit with lesser payouts. Otherwise, my crystal ball says that you face gambler's ruin, i.e. losing your stake. The variation associated with higher probability bets is much lower than the variation associated with parlays.

Have you done any analysis to filter out parlays with a negative expected value?
 
didn't really like anything, sometimes I will do that for a few dollars, when I don't like the slate of games. when the Iowa v Northwestern games goes under, I will have gone 0-7, that's hard to do
Someone needs to fade that and split the winnings next time.
 
  • Haha
Reactions: kkott
Man, you should look for higher probability bets, albeit with lesser payouts. Otherwise, my crystal ball says that you face gambler's ruin, i.e. losing your stake. The variation associated with higher probability bets is much lower than the variation associated with parlays.

Have you done any analysis to filter out parlays with a negative expected value?
yes, normally don't bet parlays
 
My accountant won 27k on a $25 parlay. Maybe 16 bets? He said like winning the lottery. Best part was, it was a freet bet.
I’ve known a few accountants that bet consistently but one of them stands out. The guy was always wrong. Once he started talking up a pick taking the other side was money in the bank.
 
You'd have to be crazy to let a chronic gambler have anything to do with your investments or money.
 
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