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  1. #1
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    15 Team Parlay $5 to win $100,000

    Some guy in Delaware entered a $5, 15-Team parlay (Parlay's are legal in Delaware) and has hit the first 14. He just needs San Francisco 49ers +3 this weekend to win $100,000.

    San Fran is +3 because he made the bet when the Eagles were rolling and Mike Vick wasn't hurt yet. If I were him, I would wager $50,000 on Philly +3 (the current line) and no matter what he would win $50,000, with a solid chance at winning both bets.

    Here is the link:
    Some Guy Needs San Francisco to Beat Philly by Four or More Sunday NIght to Collect on His $100k 15-Team Parlay | The Big Lead



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    Re: 15 Team Parlay $5 to win $100,000

    As long as he has or has some way to acquire $50,000 in the next 2 days.



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    Re: 15 Team Parlay $5 to win $100,000

    Wouldn't he have made quite a bit more making fifteen straight winning bets? What's the advantage of the parlay?



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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by Chipper View Post
    Wouldn't he have made quite a bit more making fifteen straight winning bets? What's the advantage of the parlay?
    Only risking $5 to win $100,000 , couldn't do that with 15 separate bets, it's like playing the lottery basically.



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    Re: 15 Team Parlay $5 to win $100,000

    It's pretty cool that he has time to do some hedging at the end.



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    Re: 15 Team Parlay $5 to win $100,000

    Good lord, I can't win ONE bet lately, let alone 15.


    Nothing to see here mods. Keep moving.

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    Re: 15 Team Parlay $5 to win $100,000

    Bet #1: $5 to win $4.50 (House takes 10% juice typically)
    Bet #2: $9.50 to win $8.55
    Bet #3: $18.05 to win $16.24
    Bet #4: $34.32 to win $30.89
    Bet #5: $65.21 to win $58.69
    Bet #6: $123.90 to win $111.51
    Bet #7: $235.41 to win $211.87
    Bet #8: $447.28 to win $402.55
    Bet #9: $849. 83 to win $764.85
    Bet #10: $1,614.68 to win $1,456.21
    Bet #11: $3,067.89 to win $2,761.10
    Bet #12: $5,828.99 to win $5,246.09
    Bet #13: $11,075.08 to win $9,967.57
    Bet #14: $21,042.65 to win $18,938.38
    Bet #15: $39,981.03 to win $35,982.93

    Total if you were to win 15 straight individual bets: $75,963.96

    Another disadvantage of doing it this way is you would have to wait for your winnings to be paid out before you can bet the next game. So if you are only doing NFL, this would take at least 4 weeks (early game, late game, SNF, MNF).



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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by Clones33 View Post
    Bet #1: $5 to win $4.50 (House takes 10% juice typically)
    Bet #2: $9.50 to win $8.55
    Bet #3: $18.05 to win $16.24
    Bet #4: $34.32 to win $30.89
    Bet #5: $65.21 to win $58.69
    Bet #6: $123.90 to win $111.51
    Bet #7: $235.41 to win $211.87
    Bet #8: $447.28 to win $402.55
    Bet #9: $849. 83 to win $764.85
    Bet #10: $1,614.68 to win $1,456.21
    Bet #11: $3,067.89 to win $2,761.10
    Bet #12: $5,828.99 to win $5,246.09
    Bet #13: $11,075.08 to win $9,967.57
    Bet #14: $21,042.65 to win $18,938.38
    Bet #15: $39,981.03 to win $35,982.93

    Total if you were to win 15 straight individual bets: $75,963.96

    Another disadvantage of doing it this way is you would have to wait for your winnings to be paid out before you can bet the next game. So if you are only doing NFL, this would take at least 4 weeks (early game, late game, SNF, MNF).
    Risking more and more of your money each time too.



  9. #9
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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by 3TrueFans View Post
    Risking more and more of your money each time too.
    No, you are starting with the original $5 and when you win the first game you get $4.50 + your original $5 back. That allows you to risk $9.50 on the second game, and so-on.

    Still only risking $5 over 15 individual bets.



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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by Clones33 View Post
    No, you are starting with the original $5 and when you win the first game you get $4.50 + your original $5 back. That allows you to risk $9.50 on the second game, and so-on.

    Still only risking $5 over 15 individual bets.
    Except the money after each bet is yours, so yes you would only lose your original $5 technically, I doubt most normal people would see it that way if bet #11 lost and you just lost a few thousand dollars. It would be increasingly difficult to want to risk the money on the later bets.

    If I got 14 bets correct and lost the 15th, I sure wouldn't feel like I only lost $5, I'd feel like it lost $40,000 or whatever.



  11. #11
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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by 3TrueFans View Post
    Except the money after each bet is yours, so yes you would only lose your original $5 technically, I doubt most normal people would see it that way if bet #11 lost and you just lost a few thousand dollars. It would be increasingly difficult to want to risk the money on the later bets.

    If I got 14 bets correct and lost the 15th, I sure wouldn't feel like I only lost $5, I'd feel like it lost $40,000 or whatever.
    Back in college I turned a free $5 online account into $120, then bet it all on the Lakers (11-1) just to win against the Grizzlies (0-12)...$120 to win like $11. I felt like it was me instead of the ball that Shaq clanked off the rim when the Grizz pulled off the upset...

    Moral of the story, don't bet on pro sports, especially the NBA



    Im just glad I have Homan as my bodyguard, Eustachy joked. If I ever make it real big and get to drive a limo everyday, hell be driving it. I thought he came off the bench like somebody was stealing his cow or something.

    http://blogs.dmjuice.com/?cat=43

  12. #12
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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by 3TrueFans View Post
    Except the money after each bet is yours, so yes you would only lose your original $5 technically, I doubt most normal people would see it that way if bet #11 lost and you just lost a few thousand dollars. It would be increasingly difficult to want to risk the money on the later bets.

    If I got 14 bets correct and lost the 15th, I sure wouldn't feel like I only lost $5, I'd feel like it lost $40,000 or whatever.
    I agree with what you are saying. But if I were to gamble online (totally illegal, btw) I would take the approach that the money is never yours until you cash out. Same goes for a bookie, I suppose. If you only put $5 into your account and it grew to $1,000, then you lost the $1,000 before cashing out, how much did you really lose?

    I know I'm getting way too deep into psychology of a gambler so I'll stop. I did the initial breakdown to answer Chipper's question about making more money with 15 straight bets.



  13. #13
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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by Clones33 View Post
    I agree with what you are saying. But if I were to gamble online (totally illegal, btw) I would take the approach that the money is never yours until you cash out. Same goes for a bookie, I suppose. If you only put $5 into your account and it grew to $1,000, then you lost the $1,000 before cashing out, how much did you really lose?

    I know I'm getting way too deep into psychology of a gambler so I'll stop. I did the initial breakdown to answer Chipper's question about making more money with 15 straight bets.
    Yeah, depends on your mentality I suppose.



  14. #14
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    Re: 15 Team Parlay $5 to win $100,000

    Quote Originally Posted by Clones33 View Post
    I agree with what you are saying. But if I were to gamble online (totally illegal, btw) I would take the approach that the money is never yours until you cash out. Same goes for a bookie, I suppose. If you only put $5 into your account and it grew to $1,000, then you lost the $1,000 before cashing out, how much did you really lose?
    Disagree. I have money online and I feel like its "earned"/mine. Using your logic, I don't have any money because its all at the bank in my savings/checking account.

    Good analysis on the bet breakdown though. But while you may only lose your initial $5 investment, you are putting up a total of $84,368.82 with your single bet strategy. With a parlay, you are putting up $5. Obviously a HUGE difference.



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    Re: 15 Team Parlay $5 to win $100,000

    no brainer i would rather put 5 dollars on the parlay



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