Quote:
Originally Posted by jms62
Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.
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To understand the "parlay" comparison to a p-5 payoff
one needs to understand that a p-5 is nothing more than
dutch betting and parlaying.
Once a player chooses his/her sequence, the amount the sequence costs
must be divided into the number of horses chosen in the first leg.
(please excuse the fractional amounts as they are only used for accuracy).
casp
$0.5 Pick-5
# 1,5,7 .....winner paid 7.40
WT # 7,8 ....winner paid 7.10
WT # 1 ......winner paid 2.90
WT # 3,5,6 ..winner paid 5.80
WT # 3,5,7,9 winner paid 5.60
$36.00
1. casp invested $36 in his p-5. In the first
leg he used three horses.36/3=$12 to win on
each horse.
6x7.40=$44.4
2. He now has $44.4 going into the second
leg in which he chose two horses.
44.4/2=$22.2 to win on each horse
in the second leg.
11.1x7.10=$78.81
3. He now has $78.81 going into the third
leg where he singled the #1. $78.81 to win on #1.
39.405x2.90=$114.2745
4. casp now has $114.2745 divided into the three
horses he chose in the fourth leg.
$114.2745/3=$38.0915 to win on each horse in leg 4.
19.04575x5.80=$110.46535
5. Four horses were used in the final leg and casp
has $110.46535 to divide among those four.
$100.48/4=$27.6163375 to win on each horse.
13.80816875x5.6=$77.325745
Remarkably(not really and it works for anyone's winning sequence)
the amount of money casp holds in his hand after parlaying his $36
is equal to a $.50 parlay singling the winning horse in each leg.
The only difference is, a person who correctly chose each winning horse
only invested $.50.
I hope this helps.