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The worst bet you've ever seen?

October 15th, 2011 at 7:33:27 PM permalink
Konstantin
Member since: Jul 19, 2011
Threads: 2
Posts: 2
I recent found out about Station Casino's million dollar parlay cards. As far as I can tell, you bet $5 on a 20 team parlay, and if everything hits you get $1,000,000. A fair return on that bet is $5,242,880, making for an astounding 81% house edge. I have never, ever seen a bet anywhere near this bad anywhere, even the worst state lotteries have about a 70% house edge. Has anyone seen anything worse than this?
October 15th, 2011 at 7:47:12 PM permalink
cardcounter
Member since: Oct 15, 2011
Threads: 10
Posts: 56
Not betting the maximum on a first card is an ace coupon. Is the worst no bet I have ever seen! Player advantage 46%.
October 15th, 2011 at 7:53:39 PM permalink
Johnzimbo
Member since: Sep 29, 2010
Threads: 2
Posts: 129
Quote: Konstantin
I recent found out about Station Casino's million dollar parlay cards. As far as I can tell, you bet $5 on a 20 team parlay, and if everything hits you get $1,000,000. A fair return on that bet is $5,242,880, making for an astounding 81% house edge. I have never, ever seen a bet anywhere near this bad anywhere, even the worst state lotteries have about a 70% house edge. Has anyone seen anything worse than this?


Is there no payout for hitting 19 of 20?
October 15th, 2011 at 7:56:23 PM permalink
rdw4potus
Member since: Mar 11, 2010
Threads: 57
Posts: 1976
I think the powerball is about as bad. 80ish% HA with the base $10M cash option ($20m annuity).
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 15th, 2011 at 8:01:53 PM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 313
Posts: 6783
The pick-10 Stimulus keno ticket at Harrah's Las Vegas. House edge of 96.63%. I wrote about it in my review.

This does not count carnival games I've seen like Razzle Dazzle and cow poop bingo.
It's not whether you win or lose; it's whether or not you had a good bet.
October 15th, 2011 at 8:09:33 PM permalink
rdw4potus
Member since: Mar 11, 2010
Threads: 57
Posts: 1976
Also, Nareed's lottery:)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 15th, 2011 at 9:05:27 PM permalink
Nareed
Member since: Nov 11, 2009
Threads: 218
Posts: 7281
Quote: rdw4potus
Also, Nareed's lottery:)


Thanks.

The problem is selling it.
This space is closed for remodeling
November 2nd, 2011 at 5:34:34 PM permalink
Username
Member since: Nov 2, 2011
Threads: 1
Posts: 2
Doubling down on a hard 16 against a 9. Can't say that was the best bet I've ever seen made.
November 3rd, 2011 at 11:25:16 AM permalink
dm
Member since: Apr 29, 2010
Threads: 14
Posts: 699
Just in general people forget to double. They might hit 11 v 6 and maybe double something later. Not knowing the bet is even available is obviously even worse.
November 3rd, 2011 at 11:52:36 AM permalink
kp
Member since: Feb 28, 2011
Threads: 7
Posts: 422
The Kardashian wedding?

 

Bovada is the only Internet casino endorsed by the Wizard.
Here are my reasons why and my promise of support.