Quote:
Originally Posted by Dunbar
I'll post some stats soon. Hypothetical $100 parlay and hypothetical $100 flat bets...
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hmm...I wrote that on Apr 22. I guess my current definition of "soon" is 2+ weeks. Here are the stats...
I made 31 picks in the Showvivor contest. 5 of them were in races with no show betting. So that left 26 successful show bets.
PARLAY
A $100 parlay would have ended up growing to $1899, with another $9.05 in fractional dollar accumulation. (for example, my bet on the 3rd day was $195 and the $2.10 payoff returned $204.75. I "pocketed" the 75c and bet $204 on the 4th day.) The "growth" to $1899+$9.05 assumes that my bets wouldn't have affected the payoff.
Making 19 times your money is nothing to sniff at. Too bad I didn't make a single real bet on any of those picks.
FLAT BET
My ROI for a $2 bet was $2.26, a +13% return. My total return on the 26 show bets was $58.80, a profit of $6.80. $100 flat bets would have netted $340.
That's all pretty cool, but I don't have good records of the previous 7 Showvivor/Show Me The Money contests I've entered. I clearly have 7 losses in there, so that's -$14. I'm pretty sure I didn't accumulate enough winning bets in the previous 7 to have overcome the remaining $14-$6.80 = $7.20 of losses.
--Dunbar