Chuckster
02-14-2005, 03:15 PM
I have a freind who uses this startegy he calls the "parlay system" and he swears that it works? It seems risky and I wanted to hear people's opinions on it.
His goal each bet is to make $150.00 and he bets about 4-5 games a night. What he does is make a $250.00 bet on whatever team he likes, and then opens up a $100.00 parlay with the opposite team. He will do this with all 5 games for the whole week.
If he wins the bet, then obviously he makes his goal of $150.00 for that 1 bet. If he loses, he has a -275.00 on his account, but there will be a $100.00 open parlay that he saves for Monday night.
At the end of the week, he will have anywhere from 10-35 $100.00 open parlays to play with. His theory is that he only has to win a small %age of his bets (on real bad weeks), and that he will have enough money (2.6 to 1) left in all the open parlays, that he can cross them in 1 game (close half of them with 1 team and the other half with the other team), and guarantee himself $$$.
I have tried every "strategy" imaginable and have come to the conclusion that there is no way to beat sports betting. This strategy seems to make sense but is there any mathamatical way to show what percentage of his bets he would need to win in order to guarantee he makes a profit for the week. Assume 35 bets per week, each exactly the same way ($250.00 with a $100.00 open paraly on the opposite team)
Thanks in advance
His goal each bet is to make $150.00 and he bets about 4-5 games a night. What he does is make a $250.00 bet on whatever team he likes, and then opens up a $100.00 parlay with the opposite team. He will do this with all 5 games for the whole week.
If he wins the bet, then obviously he makes his goal of $150.00 for that 1 bet. If he loses, he has a -275.00 on his account, but there will be a $100.00 open parlay that he saves for Monday night.
At the end of the week, he will have anywhere from 10-35 $100.00 open parlays to play with. His theory is that he only has to win a small %age of his bets (on real bad weeks), and that he will have enough money (2.6 to 1) left in all the open parlays, that he can cross them in 1 game (close half of them with 1 team and the other half with the other team), and guarantee himself $$$.
I have tried every "strategy" imaginable and have come to the conclusion that there is no way to beat sports betting. This strategy seems to make sense but is there any mathamatical way to show what percentage of his bets he would need to win in order to guarantee he makes a profit for the week. Assume 35 bets per week, each exactly the same way ($250.00 with a $100.00 open paraly on the opposite team)
Thanks in advance