Dunbar/All: Parlay Question

[Scav]

The ticket I played on Sunday, the late pick four

3,10
5,7,8
1,3
1,10

I played that 3 times so a total of $72. If there was a pick three, I would have played that instead so the total would have been $12 per $1. The win parlay would have been structured as.

3,10
5,7,8
1,3

So a total cost of $12

Winners paid:

10 = $9
8 = $16.80
3 = $2.70

What would I have gotten back on that $1 win parlay?

[Unstable]

Originally Posted by Scav

The ticket I played on Sunday, the late pick four

3,10
5,7,8
1,3
1,10

I played that 3 times so a total of $72. If there was a pick three, I would have played that instead so the total would have been $12 per $1. The win parlay would have been structured as.

3,10
5,7,8
1,3

So a total cost of $12

Winners paid:

10 = $9
8 = $16.80
3 = $2.70

What would I have gotten back on that $1 win parlay?

$8.505 per $1 bet to win on each of the horses in the first race. Since $2 is the minimum win bet, it would have cost you $4 and you would have won $17.01. Since you wanted to play it three times, it would have cost you $12 and you would have won $51.03.

[SentToStud]

Originally Posted by Scav

The ticket I played on Sunday, the late pick four

3,10
5,7,8
1,3
1,10

I played that 3 times so a total of $72. If there was a pick three, I would have played that instead so the total would have been $12 per $1. The win parlay would have been structured as.

3,10
5,7,8
1,3

So a total cost of $12

Winners paid:

10 = $9
8 = $16.80
3 = $2.70

What would I have gotten back on that $1 win parlay?

for $1, winners paid
10= 4.50
8 = 8.40 (7.40-1)
3 = 1.35 (.35-1)
$1 to win on 10-leg A gets you $4.50

$4.50 to win on 8 in leg B gets you $37.80 ((4.50 x 7.4)+4.50

$37.80 to win on 3 in leg C gets you $51.03 ((37.80 x .35)+37.80

I guess.

[Scav]

Originally Posted by SentToStud

for $1, winners paid
10= 4.50
8 = 8.40 (7.40-1)
3 = 1.35 (.35-1)
$1 to win on 10-leg A gets you $4.50

$4.50 to win on 8 in leg B gets you $37.80 ((4.50 x 7.4)+4.50

$37.80 to win on 3 in leg C gets you $51.03 ((37.80 x .35)+37.80

I guess.

Why would that $4.50 from the 1st leg go automatically to the winner, when the win parlay money is being bet into the win pool anyways, wouldn't it be divided by 3 since I had three horses in that leg?

[cloud_break]

Originally Posted by Scav

Why would that $4.50 from the 1st leg go automatically to the winner, when the win parlay money is being bet into the win pool anyways, wouldn't it be divided by 3 since I had three horses in that leg?

I think your original math is correct.

You would have bet $6 on each horse in the first race. You would have cashed $27 on the winner. This would have left you $9 on each horse in the second leg. you would have cashed $75.60 on the winner. This would have left you $37.80 on each horse in the last leg, leaving a final tally of $51.03 after the third leg. $12 investment = $51 return. This would vary a bit since you couldn't make $.50 wagers but the math for the parlay is accurate.

[Scav]

Originally Posted by cloud_break

I think your original math is correct.

You would have bet $6 on each horse in the first race. You would have cashed $27 on the winner. This would have left you $9 on each horse in the second leg. you would have cashed $75.60 on the winner. This would have left you $37.80 on each horse in the last leg, leaving a final tally of $51.03 after the third leg. $12 investment = $51 return. This would vary a bit since you couldn't make $.50 wagers but the math for the parlay is accurate.

Ok, so you put the full amount of the ticket and not the $1, you put total cost divided by total first leg and go from there. Good information

[cloud_break]

Originally Posted by Scav

Ok, so you put the full amount of the ticket and not the $1, you put total cost divided by total first leg and go from there. Good information

I've always thought it was good information. It's the only way to truly evaluate the parlay vs. pick 3,4,6 value.

[golfer]

Scav, I'm quite shocked you'd be asking this question here, and not talking to the KING of the Saratoga Parlay Sheet, Mr Billy Downs Sr.

He and I were discussing the parlay ticket for hours on Friday
I had no idea that bet even existed until I saw him fiddling with the fill in the blank parlay sheet.

[SentToStud]

Originally Posted by Scav

Why would that $4.50 from the 1st leg go automatically to the winner, when the win parlay money is being bet into the win pool anyways, wouldn't it be divided by 3 since I had three horses in that leg?

it's the same math. but that's the $1 parlay for those 3 horses. You'd need to bet $12 to cover them all for $1.

[Dunbar]

Scav, if you have any spreadsheet program, you can use this. Start in the upper left corner of the spreadsheet (in Excel this would be "A1". Use 5 columns.

$2 pay, $2 win, odds to 1, cumulative $2 win, cumulative $1 win
9, =A2-2, =B2/2, =A2, =D2/2
16.8, =A3-2, =B3/2, =D2*C3+D2, =D3/2
2.7, =A4-2, =B4/2, =D3*C4+D3, =D4/2

(leave out the commas). If you want to extend the parlay to a pick-4 or pick-6, just "copy down" the last row.

For your payoffs, the numbers would look like this:

$2 pay $2 win odds to 1 cumulative $2 win cumulative $1 win
9, 7, 3.5, 9, 4.5
16.8, 14.8, 7.4, 75.6, 37.8
2.7, 0.7, 0.35, 102.06, 51.03

When I get home from vacation late next week, I'll put together a sheet that I can send to anyone interested.

--Dunbar