Short answer to WELLWOOD's friendly inquiry, if I read him right in the two posts above.
Here's what we do know about our MLB selections so far this season
Avg price risked per selection has been +115
So if we use a base of $10 for parlays a Winning2Teamer would pay $36.22
That tells me that I need to hit at least one in four 2TPs in order to make a profit. (Win 36.22, Lose 30.00)
It's actually a bit less than that needed (about 1 in 4.3 2TPs would still make about a 10% profit versus risk)
For my average 3TParlay, I would need to win at least one in nine to assure a profit (89.38 won, 80.00 lost)
Using parlay based investing requires an adjusted mind set for sure.
If we look at the above examples, I can be making a modest, but steady profit while losing three out of four 2TPs and/or eight out of nine 3TPs.
So over a couple weeks, I review and see (for example)
2TPs - Won 6 Lost 16
3TPs - Won 3 Lost 23
9 winning wagers and THIRTY NINE losing wagers.
And yet a modest, but decent profit for the overall two weeks.
Many sports bettors would have real trouble winning 9 wagers while losing 39 wagers, even if it resulted in bottom line profit.
Thus this style of investing is not for everyone. I can only point to the real, bottomline results I'm getting as explanation for why I'm persisting with this particular style
Thanks again for the friendly feedback.