Re: A S&G Parlay Strategy
As an addendum, I ran it again with "pure" numbers for a totally break even player. This player wins 1st place exactly 10% of the time, 2nd place exactly 10% of the time, and 3rd exactly 10% of the time. Obviously, as expected, the parlay is a generally unsuccessful venture:
Running ten million iterations of parlay.............Iterations complete!
Successes: 431441 (4.31441%), average BR: $2541
Failures: 2212970 (22.1297%), average BR: $1087
Losses: 7355589 (73.55589%), average BR: $609
Furthermore, you ROR'd your bankroll 0 times, around 0.0% of the time.
Obviously, however, since you are now a -ROI player (since the rake is 7.5-10%), it's not surprising that the gross majority of time you lose $200 bucks. Interestingly, however, 1 in 20 times you actually do make the goal of $2300.
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