Is this a smart parlay strategy?

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My plan is to parlay the following daily at a minimum of $5 a day.

Red Sox, Dodgers, Yanks + whatever team is playing the Nats.

Do you think this has a chance?
 

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Well it would've hit yesterday, so sure it has a chance. But it's $5, who cares?
 

"Sit on mah lap!"
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Nah, you'd just be blowing $5 everyday.. for the most part parlays are sucker bets especially if you're going more than 2 or 3 teams in one. No doubt any one of these teams can hit a slump time to time and ruin your ENTIRE parlay.. Think about how hard it is to just win 1 game in a day and by adding more games, you're just going to make it exponentially harder as the books will take yo money
 

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it's going to lose nearly every time i would say. so is it smart...no. and for $5, what's the point?
 

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My plan is to parlay the following daily at a minimum of $5 a day.

Red Sox, Dodgers, Yanks + whatever team is playing the Nats.

Do you think this has a chance?
King: Do what I do every MLB season, play the totals.
P.S. Do your research.:toast:
 

Don't assume people in charge know what they are d
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parlay= loser
 

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You would be 3-18 and down $7.06 if you did this every day which all these teams played from June 6th to today.
 

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parlay= loser

False.
A series of -EV individual bets parlayed is a losing proposition. A series of + EV bets parlayed is not. Parlays increase the ROI on EV bets and increase the negative ROI on -EV bets, while increasing the variance in return distribution.
 

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False.
A series of -EV individual bets parlayed is a losing proposition. A series of + EV bets parlayed is not. Parlays increase the ROI on EV bets and increase the negative ROI on -EV bets, while increasing the variance in return distribution.


What is that in layman terms?
 

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What is that in layman terms?

If a handicapper is able to accurately select bets that have value, parlaying these plays will result in a higher return on investment in the long run, but also increase the risk of ruin (bankroll depletion) and variance of returns (resulting in an increased probability of being down X amount at a given point of time).

However, if a handicapper is unable to accurately spot value, and parlays negative EV bets, the risk of bankroll depletion and variance of returns will also result, but so will the increase in negative returns on investment.

In a nutshell, if you are not an advantage gambler and betting recreationally and want to avoid exhausting your bankroll, do not parlay bets.
If you are a proven advantage gambler, parlaying bets will increase bankroll growth optimization, but should still only have parlays be a small% of their nominal bet size.

When you see some someone claim parlays are suckers bets or for losers, these people simply don't understand the underlying mathematics behind them, and should be encourage to learn more before giving out falsified information.
 

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False.
A series of -EV individual bets parlayed is a losing proposition. A series of + EV bets parlayed is not. Parlays increase the ROI on EV bets and increase the negative ROI on -EV bets, while increasing the variance in return distribution.

This is an excellent analysis! I am not one for parlays but what a great point!

Anyway, you not going to lose a bunch of money parlaying at 5 bucks and it might be fun just to watch and see what it does. So, what the hell just for fun DO IT!!
 

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buffet, you're spouting Kig Yao, but whenever parlays are placed at less than true odds, you're giving more than you gain. It's like voluntarily playing roulette at a double-zero wheel instead of a single-zero on.
 

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