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Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common two-team NFL parlay based entirely on the spread generally has a payout of 2.64:1. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1.
This leaves a remaining amount of $881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $881.51 / $110.00 = 8.01 ≈ $8 payout per $1 wagered. This payout includes the $1 wagered plus an additional $7 profit. Thus, the odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds, 8.01).
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A parlay is at least two bets, but can be as many as the bookmaker will allow. The possible payout of the parlay is determined by the combined likelihood of all bets placed. A parlay of riskier bets (more underdogs) will pay greater than a parlay of more likely bets (more favorites). In a parlay, all bets need to win in order for the parlay to win.
Which teams will wind up in the NBA's play-in tournament? Which contender is the most vulnerable to a first-round upset? Our writers weigh in with a week to go in the regular season.
The Create-A-Player feature was not available in the 1995 versions of the game, but has been a mainstay since NBA Live 96. NBA Live 99 was the first to feature Practice Mode and Multi-season play. Starting in NBA Live 2000, the series featured NBA Live Legend All-Stars Teams, that included some biggest names from five decades (50s to 90s ...
A progressive parlay is a joint wager on multiple events, for example team sports or horse races. Generally a progressive parlay involves a joint wager on four to twelve separate events. [1] Should all the selected bets win, the bettor receives a relatively large payout, because of the sizable odds against this happening.
The NBA also posts to the statistics section of its Web site a simple composite efficiency statistic, denoted EFF and derived by the formula, ((Points + Rebounds + Assists + Steals + Blocks) − ((Field Goals Attempted − Field Goals Made) + (Free Throws Attempted − Free Throws Made) + Turnovers)). [2]