That's exactly what I was thinking. People see the big payout but all those plus $300 days add up compared to 1k losses. But who knows, I like the bets individually as well. Hope he hits it.You should have bet 300$ on each and 100 on the parlay. You're mathematically decreasing your chances of making money doing that. Though individually there's no bad bets here, imo.
Parlays only increase variance. Like you say, it adds no value from the lines, but it subtracts no value either. Basically, if you bet parlays instead of singles, you'll see bigger upswings and downswings. Higher highs and lower lows. That makes it largely about personal preference, in how the person enjoys betting and how they can handle the swings.Anecdotal evidence is not evidence.
The odds of winning one of those bets:
Bisping at +235 = 30%
Leites at +255 = 28%
Amirkwani at -190 = 65.5%
So two bets with a 1 in 3, and essentially a 1 in 4 chance of hitting in a three line play? Math says it's a fools bet. Not to mention that parlays offer literally no added value to the lines. Would have been better off betting that $1,000 on Makwan only.
He isn't mathematically decreasing his chances of making money. He is increasing his variance thoughYou should have bet 300$ on each and 100 on the parlay. You're mathematically decreasing your chances of making money doing that. Though individually there's no bad bets here, imo.
Parlays only increase variance. Like you say, it adds no value from the lines, but it subtracts no value either. Basically, if you bet parlays instead of singles, you'll see bigger upswings and downswings. Higher highs and lower lows. That makes it largely about personal preference, in how the person enjoys betting and how they can handle the swings.
The one way you could argue that a parlay is inferior mathematically is if the bettor was gonna either bet $1000 on 3 singles bets or bet $1000 on a parlay, one way or the other. In that case, it's probably better to make the singles bet due to bankroll management: If the bettor is willing to bet $1000 on the singles bets, then he should be betting less than that on the parlay. Maybe JagWar's bankroll is more than $1000 and he would have bet more than that had he made singles bets.
He isn't mathematically decreasing his chances of making money. He is increasing his variance though
There is no added juice to a parlay. Never. It's one of the many ways bookies sucker people into giving over their money.
Even using the calculator I linked, you can see for yourself that there is no added money for a parlay win. If you bet the principle, and take the principle + profit and lay it on the sequential lines, you'll come out to the same figure at the end.
Conor McGregor's confidence has rubbed off on me. He came in my dream, looked me in the eye, and said "Do it."
I have done it. Lets get it.
actually that means that he knows he's miles ahead of Bisping physically, even at 40 years of age. The physical superiority isn't at question here, for Anderson it is a mental bridge to get that spark in his eye after an exhausting last few years.Because Anderson keeps saying this fight is more mental then physical which tells me he's not taking bisping seriously, and he is not ready for the pace bisping will put on him.
Conor McGregor's confidence has rubbed off on me. He came in my dream, looked me in the eye, and said "Do it."
I have done it. Lets get it.
Conor McGregor's confidence has rubbed off on me. He came in my dream, looked me in the eye, and said "Do it."
I have done it. Lets get it.