Hi all. So I went back to sports betting this week, which doesn't help a lot of you I know, but it sure helped my bank roll. In the first few days of the week I hit three round robin baseball parlays for a total of $11,432 on a total of only $420 bet to accomplish that. I lost some bets as well ($1,000), but you play big to win big, and since I won my first bet, it was all found money anyway. I'm telling you, the round robin is the way to go. It's essentially bunch of parlays that are played in every combination just like a trifecta box in horse racing. Basically you pick up to 6 teams (at least on sportsbook.com where I made all of these bets because of the option and quick and reliable bet ratings and payments), and I did pick 6 teams on each bet. To simplify, let's say you do a five-team round robin. You place a dollar amount for the 5-team bet, as well as for each of the combinations of 4 team bets and 3 teams bets on down the line if you want. I bet $10 on the one 5-team option (that means all 5 teams I pick win), $10 on 4 teams option and $10 on 3 teams. Since there are only 5 teams, there is only one 5 team bet. But when you bet on 4 teams, there are 5 combinations of 4 out 5 teams to win, and at $10 per bet that's $50. I also bet on 3-team combinations, of which there are 10 ways for 3 teams out of 5 to win, so that's 10 bets at $10 which yields $100. When you add it all up, the bet costs $160 in total. That's $10 for the 6-game parlay $50 for the 4-team combinations, and $100 for the 3-team combinations. Now, depending how you structure it, if just 3 of your 5 teams win, you can get your money back. If 4 teams win, you will likely triple your bet at minimum. And if all 6 win, you win a lot...in this case, $5,000 on the $160 bet. Got it? Sure, a straight parlay pays out more than each of these bets individually, but then you can win so many more bets on the same teams and they add up. If all 5 teams win, you would have won 16 bets in total, which is what gets us to the $5,000 mark! And in baseball, where any team can win on any night, it's nice to know you can still win a lot even if one of your teams in the parlay loses.
End of week:
Follow Stephen Taylor's weekly online gambling highs and lows all year long and pick up strategies and tips on the best onlne gambling sites as he seeks to finish the year with a high positive cash balance through a mix of online casinos, sportsbooks and poker rooms.
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