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?
This does not count carnival games I've seen like Razzle Dazzle and cow poop bingo.
Also, Nareed's lottery:)
The problem is selling it.