 | Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |
Station Casinos Million Dollar Parlay Cards
| October 25th, 2011 at 12:57:33 PM permalink | |
| SONBP2 Member since: Nov 17, 2009 Threads: 58 Posts: 206 | Can someone please do the math on the actual odds of hitting a 20 team parlay? To win the $1million, you have to hit a $5, 20-team parlay, which consists of a combination of against the spread games in college and pro football. I think $1,000,000 is actually a terrible pay out for this bet. Further, there are only a select number of games one can choose from on these million dollar cards, which to some degree may make it more difficult. Thanks in advance for any comments. |
| October 25th, 2011 at 1:53:46 PM permalink | |
| rudeboyoi Member since: Mar 28, 2010 Threads: 17 Posts: 577 | assuming you have a 50% chance of winning on any game: (1/2)^20 is the P(Winning) which is 1,048,575:1 so P(L) = 1,048,575/1,048,576 P(W) = 1/1,048,576 $1,000,000(1/1,048,576) - $5(1,048,575/1,048,576) = -$4.0463 a truly terrible bet with over 80% HE. |
| October 25th, 2011 at 2:16:27 PM permalink | |
| SONBP2 Member since: Nov 17, 2009 Threads: 58 Posts: 206 | I knew the house edge had to be high on this bet, but over 80% house edge that is crazy. Does that make this bet the worst possible bet in the casino? |
| October 25th, 2011 at 2:42:29 PM permalink | |
| Ayecarumba Member since: Nov 17, 2009 Threads: 113 Posts: 2025 |
In reality, there will be some games that a sharp punter might be able to predict 67/33 instead of 50/50. This knocks the HE down a bit. Keno is still probably the worst bet. |
| October 25th, 2011 at 4:32:07 PM permalink | |
| Tiltpoul Member since: May 5, 2010 Threads: 28 Posts: 1128 |
I don't play parlay cards, but my guess is that with a bit of knowledge, you should be able to get at least 10 of those covered (unless of course they choose games with less than a 3 spread.) The NFL games are more challenging, as teams are usually evenly matched, while college games have a bit more intrigue depending on the line. Doing the coin flip, yes it's a terrible house edge, but with background information, my guess is you can cut that in half, and 40%, while super high still, would not be the worst bet by any means. [Profile updated... more to come] |
| October 25th, 2011 at 5:38:37 PM permalink | |
| dwheatley Member since: Nov 16, 2009 Threads: 10 Posts: 546 | You could manually parlay $2.42 into $1,000,000 over 20 games at -110 each. Or $5 into $2,065,812.55 Boo on gimmicks. Wisdom is the quality that keeps you out of situations where you would otherwise need it |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |