Premade Same Game Parlays Are Sucker Bets

Must read

[ad_1]

P.T. Barnum famously said, “There’s a sucker born every minute.”

And now I just made you a sucker, because you believed that. As it turns out, Barnum almost certainly did not say that; it was a Syracuse businessman/huckster by the name David Hannum. (The story behind it involves a cigar manufacturer, a pair of fake giants, and a defamation lawsuit.)

The sucker in this story — well, the willing sucker, so really, not a sucker at all, but someone trying to shine a light on a questionable sportsbook practice in an effort to get others to stop being suckers — is Steve Brubaker, an Illinois lobbyist for the horse racing industry and fond watcher of all things gambling related.

Brubaker came across an article that quoted a member of the FanDuel team. Brubaker can’t recall exactly which article it was, but one item stuck out to him: that 42% of FanDuel’s handle comes from the app’s home page.

Brubaker decided to “spelunk” around that home page and see what was so enticing.

“When you open the page, you get their fabricated Same Game Parlay,” Brubaker told Sports Handle. “So I decided I was going to bet it for 25 days and see what happened. I decided to extend it to 50 days. I was wondering what the magic sauce is for FanDuel, and I think the magic sauce is that no one ever wins these bets. That’s been my experience, at least.”

Brubaker won once in 50 attempts at average odds of +1033. He recognizes this is a small sample size, and he’s not entirely surprised or disappointed in the results. He does, however, think the state regulatory boards should be looking at this practice. (To be clear: All the major sportsbooks have jumped on this train, offering pre-made SGPs. And no wonder: Sportsbooks clean up with parlays in general, and SGPs are undoubtedly no different.)

Bring in the government?

“I call on regulators to do an assessment of the parlays that people create, let’s look at the win rate on that, compare it to the ones FanDuel creates, and let’s see what the win-loss record looks like,” he said. “I think if people are using their own decision-making power and want to play a same game parlay and they’re analyzing what is best for that bet, then it’s on them if it goes good or bad. But when the book makes the SGP, there’s room there to manipulate what the result is going to be. They have more knowledge than everybody, more data than everybody. That product, in my opinion, shouldn’t be offered.”

Brubaker has also noticed some hijinks when it comes to advertising how many people have placed the bet.

“What I’ve noticed over time is they change the bet and they keep the same number of people who bet it,” Brubaker said. “The odds change all the time, so it’s not the same bet, but I don’t get upset about that. But if you change the numbers, it’s no longer the same bet. A few days ago they pulled points off a few players and added points to others but said it was the same bet, and the number that goes along with the flaming hot sign of people who bet the SGP kept increasing. That’s an advertising gimmick, an inducement for someone to be comfortable making that bet, even though the counter is wrong because it’s not the same bet.”

But that isn’t even the worst of the premade SGP faux pas in the business; Caesars will sometimes add legs to a SGP that don’t increase the odds at all. There is literally zero upside in having the extra leg, and 100% downside.

Emails to both FanDuel and Caesars to discuss their premade SGPs went unreturned.

“People love parlays,” Brubaker said. “People love same game parlays. If bettors are creating the parlay with their own knowledge or gut feeling, fine, have fun, spend your $10, it’s a free world. But I don’t like it that the books are doing that.”

A fool and his money

I can’t believe I actually have to type this, and forgive me for hollering, but, THE SPORTSBOOKS ARE NOT YOUR FRIEND.

They are actively trying to take your money, just as much as you are trying to take their money. 

Don’t bet premade SGPs, people. The sportsbook is creating exotic bets that are A) parlays, which generally result in a hold of 30% or more, and B) single game parlays, which are jiggered and rejiggered based on voodoo math and correlations that you don’t have access to.

Furthermore, the sportsbooks know exactly how thirsty you are to try and win a lot for little. Don’t believe me? Here are the words of DraftKings CEO Jason Robins: “Serve up same game parlays to players who have a proclivity to engage with that type of bet.”

The data the sportsbooks have on us is enormous, and the data they have to build these sucker bets (though they are fun, ain’t they?) is even more enormous.

I mean, shouldn’t it be a red flag to anyone with a double-digit IQ that if the book is creating these, posting them on the home page — like they all do — that maybe, perhaps, the premade SGP isn’t exactly a long-term winner?

Honestly, if you’re betting premade SGPs, you’re a rube. I’m not really sure the regulatory agencies should be getting involved, like Brubaker proposes. I’ve kind of had it up to here with the government sticking and re-sticking its collective nose into this industry. If you’re lazy enough to play a sportsbook-created same game parlay, well … I kinda think that’s on you.

Besides, as Mark Twain famously said, “A fool and his money are soon parted.” That’s been the case since the dawn of man. No surprise it continues today.

Oh, and also, Twain didn’t say it. The exact phrase was first written by Dr. John Bridges, writing in 1587’s Defence of the Government of the Church of England. Now you know, sucker.



[ad_2]

Source link

More articles

- Advertisement -spot_img

Latest article

kemampuan spesial putaran ajaib slot mahjong ways 1 langsung cuan maksimalteknik keramat slot mahjong ways 2 auto turun scatter berlimpahslot jackpot unlimited paling di cari memberslot sugar rush 1000 mudah jackpot besartrik menangkan jackpot pakai strategi inirahasia mengalahkan mesin slot onlinertp dan volatilitas slot pragmatic gates of olympus hari inicara kerja fitur free spin pada slot gates of olympusakun vip mesin slot kakek zeus mudah dapat x500 tiap spincara menang slot sensasional hanya modal receh khusus slot olympusslot unlimited scatter tanpa batas game slot olympus 1000 terbarulink slot gacor terbaru saat inislot demo x500 mesin slot gate of gatotkaca hokiakun pro server jepang jaminan sensa slot olympus x500slot pasti menang dijamin perkalian besar pasti muncul gacor bangetslot anti kalah prediksi admin indra kenzrahasia bocoran dari ahli slot starlight princessstrategi meraih kemenangan besar sweet bonanza x100mengenal simbol penting pada slot gates of olympusfitur multiplikator dari slot gates of olympus yang harus kamu taucara jitu melipat gandakan kemenangan bermain slot onlineslot mahjong ways 2 scatter hitam membararahasia mengalahkan kunci admin mesin slot olympuspanduan lengkap cara mudah jp slot mahjong waysslot maxwin pasti jackpotpola hoki slot super mahjong ways 2 jaminan maxwin sekali spintrik ledakan bom besar x100 sweet bonanzacara mudah munculkan fitur slot scatter hitam kemenangan maksimalcara jitu mengalahkan bandar judi online dengan main slot pragmatic playsistem kemenangan besar 100 juta main slot mahjong ways banjir wild terbanyakcara menjadi sultan dalam sekejap bermain slot mahjong ways2rahasia gacor link maxwin terbaru pgsoftmain slot online dengan pola hoki dijamin maxwinslot mahjong lagi bagi bagi jackpot tanpa batas hanya butuh modal recehkunci kemenangan slot mahjong waysrahasia jam gacor gampang jackpot slot mahjong pandakumpulan slot gacor terbaru 2024sistem spin ajaib slot mahjong ways 1 gampang kasi kemenangan instantcheat gacor slot onlineslot scatter hitam menggila langsung menang 100 jutaslot rave party fever menang maxwin dengan trik bocoran ampuhpola jitu main ikan gampang menang slot koi gate habanerodaftar slot paling jitu memberikan kemenangan kepada member barubocoran pola sakti slot gates of olympuscara mendapatkan perkalian tidak wajar slot mahjong waysbocoran terbaru ahli bermain slot onlinealasan mengapa slot pragmatic gates of olympus begitu populerbocoran pola slot gates of olympus yang pasti slot hokibermain slot pragmatic gates of olympus dengan modal minimtrik main slot jackpot modal recehbocoran akurat sekali spin slot mahjong ways superbanjir kemenangan konsisten slot mahjong tanpa ampun kasi jackpotcara terbaik memaksimalkan kemenangan bermain slot mahjong ways 2admin putri bagi bagi akun sakti khusus slot pragmatic playpenemuan jam hoki slot gacorcara bermain slot gacor dengan langkah ajaib dari admin stevenulasan mendalam starlight princess x1000 menurut para ahliperbandingan slot starlight princess dengan slot lainnya di tahun 2024keistimewaan akun vip di slot online server thailandstrategi terbaik untuk menang di slot starlight princess dari pragmatic playfakta bocoran pola scatter dari negeri para princessgrebek situs pola gacor zeus untuk turunkan scatterketimpa scatter x1000 membuat bandar mahjong ways gulung tikarkumpulan naga hitam memecahkan pola gacor di mahjong wayslari bersama kakek zeus mengejar maxwin x1000mandi jackpot bareng di situs gacor anti rungkad bonanzapeluang kemudahan mencuri pola kakek merah zeusspenjual rujak memberi pola buah untuk mendapatkan jackpot di bonanzaresiko jadi admin slot dapat memecahkan pola gacor mahjong ways2seorang pria muda di temukan sukses berkat pola gacor princessnya