Why Parlay's are Sucker Bets

After reading through another thread on this site and looking at some of the information posted in that thread as well as some information I found on the web myself, I wanted to take a few seconds to share what I found.   1.)  http://gaming.unlv.edu/media/2008_NV_gaming.pdf   it is easy to see when you go down and look at the sports book detail and you will see that there is no other wager that is more profitable than parlays. the books took in 6 times as much money on parlays last year then they did on their most profitable sport (which was the NBA)   2.) http://www.twominutewarning.com/parlaybets.htm   this is a great source for those of you who love correlated parlays, also big losers, there is no set of correlated parlays that hit better than 26.9%. Think about it, a two team parlay which pays 13-5 hitting at a 26.9% or less. that is what I call a moneymaker.   3.) http://www.bankrollsports.com/Sucker-Bets.shtml   this shows not only how parlays are sucker bets but also how TEASERS are sucker bets as well. Anyone who plays teasers needs to read this for sure. The added points on a teaser are designed to get you to take on more games, when this happens advantage casino.       bottom line is that a 60% capper (which very few... [More]