The worst bet you've ever seen?
October 15th, 2011 at 7:33:27 PM
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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
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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
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Quote: KonstantinI 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
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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
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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.
This does not count carnival games I've seen like Razzle Dazzle and cow poop bingo.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
October 15th, 2011 at 8:09:33 PM
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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
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Quote: rdw4potusAlso, Nareed's lottery:)
Thanks.
The problem is selling it.
Donald Trump is a fucking criminal
November 2nd, 2011 at 5:34:34 PM
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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
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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.
