Quote:
Originally Posted by David Sklansky
If there are two good bets that aren't simultaneous you theoretically bet about your bankroll times your edge on the first bet and then bet a bit more on the second if you win that first bet and a bit less if you lose. When they are at the same time both bets are about the same and again about your bankroll times your edge. Thus a parlay can't usually be optimum because your second bet will either be too big or too small.
But there is a theoretical exception. Namely if your edge is absurdly high. I believe 80% on each game would do it. This should be obvious since if you took it up to 100% you would be very grateful that your bookie offers parlays.
Its a fine point but it is an exception that Like missed. Probably due to age.
Sure.
Some of us can come up with absurd, over the top, theoretical technical examples. Other people who have been betting like in the real world, know that finding any bet with "80% edge" (lol even typing that feels weird) is something that happens maybe once or twice a lifetime? If that? And it would never, ever, EVER be in any market that you can parlay. Ever. If you find some bet like that, its a prop which, ok, fine...IF you find a book that has props giving away 80% edge, AND theyre the first and only book in the entire world that lets you parlay props, yes, go ahead and parlay it.
Actually, even in that example youre not even right. If you found a book that was dealing props with such absurd edges, you would be a complete fool to ever parlay even one. Do you see why?