The NRL did the business again this week, with a Quick Multi on my mobile via Sportsbet getting up. There were 3 legs and I liked that Melbourne Storm and the Bulldogs were two of the choices, so I broke from the plan (again) and decided to gamble. It wasn’t my usual week to bet, but Kenny is in KL. It paid the healthy odds of 3.91-1, and provided another win for the Champ Bros Synd.
The Quick Multi on the Sportsbet app basically gives you favourites in your preferred sport. For example, AFL Round 20 favs are Hawthorn/ Richmond/ Geelong/ Carlton/ Sydney/ Gold Coast/ Essendon/ North Melbourne/ Fremantle.
The odds available for picking all 9 is 7.3-1, which as you know if you have read my previous entries, is much much lower than the 512 possible outcomes there are with 9 head to head games. Of these games, the closest match odds wise is North Melbourne at 1.80 and Adelaide at 2.0. I would also be wary that the Bulldogs are a big chance against the Blues on their recent form, Port could upset the Cats, Collingwood would back themselves to beat the Swans and West Coast will try and take advantage of a club in turmoil v Essendon, as the Pies did in Rd 19. So as I see it, there are 5 matches which are no given in this 9-leg Quick Multi.
Of course if all the favs get up, you get a return of 7.3-1, but the reality of this type of bet is that you are being paid WAY below the odds of actually winning the bet. To be blunt, it is a SUCKER BET. How many semi-drunk punters on a Friday night after work actually load up on this bet is hard to know; only Sportsbet would know the numbers, and I’m sure they rub their hands together every time money is laid on their table for an AFL Pick 9.
At the odds of 7.3-1 presented this week, you would have to pick 9 winners (in a round) 4 times in a season to make a profit (or 6 winners at good odds during the bye weeks mid-season). Anyone in an AFL tipping comp will tell you that this is not easy to do.
There are also options for the Saturday Rd 20 Favs (5 legs paying 3.28) or Sun Round 20 Favs (3 legs paying 2.47), but both of these have upset potential. UPSETS HAPPEN!
So regardless of all the dangers of the Quick Multi, the NRL Round 21 Sunday/Monday Favs Pick 3 was a winner (Melbourne Storm /Gold Coast Titans /Canterbury Bulldogs), and I was lucky enough to be on it. And I always think myself lucky when I get a return on a multi as Kenny will attest in 2013; they are not easy to win.
What could be simpler than picking 2 or 3 short priced head-head favs and bundling them in a multi? Easy money my friend, and that is why all the sports bet companies are going broke.
The weekend’s return was 3.91 x $50 = $195.50, making the running tally of the past 4 multi bets $442.64, a profit of $242.64. This has been achieved by successfully backing 10 head to head winners now since the 5th July.
If I was a very lucky man and had picked 10 flips of the coin correctly, being paid 2-1 for each correct call, my initial $50 would now be worth $51200 ($50 x 1024). Getting into some serious territory now, and in fact, if you could pick 15 coin tosses in a row, your $50 would be worth $1638400.
If I had of been using the All-up Theory:
Start with $50
1st win = $70.76 (50 x 1.4152)
2nd win = $131.04 (70.76 x 1.85196)
3rd win = $219.57 (131.04 x 1.6756)
4th win = $858.52 (219.57 x 3.91)
So I would have only bet $50 (instead of $200) for a return of $858.52, a profit of $808.52.
Bottom line, another bet and another win for the Synd. It may not pay off the mortgage yet, but a weekly sports bet win of at least 40% is the current goal, and the goal has been achieved once more.
Beaner
Gambling and Addiction Blog 