New Parlay Addition

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POLL: Do you like the new Parlay system?
Yes 60% (25)
No 5% (2)
Doesn't matter 10% (4)
Don King would like it if he could fix the fights 12% (5)
First season where a person will make $1 million 14% (6)
Pitbull09
1/3/08 12:58:19AM
How do you guys like the new betting system for season 3? I think it allows way better risks/payoff and prob will allow more experience fans wins then someone just betting it all on an underdog for a shot to win.


Option 4 in this poll is the same option as "I hate Don King"
ufcboss
1/3/08 1:25:19AM
It sounds good but I still dont fully get it!
uGotKTFO
1/3/08 1:33:08AM
Don't even know what a "Parlay" is.

Someone explain plz.

Edit: n/m I was playing with it and basically figured it out.
rameydl8
1/3/08 5:36:14AM
not quite sure what it is but ill try an figure it out
stock
1/3/08 8:41:57AM
It just means that you can pick multiple fights at a time and the payouts are multiplicative instead of additive.

Say for example you think Werdum (@ +280) and James Lee (@ +170) will both win.
Now say you have $100 you want to bet.

Option 1: You could bet $50 on each fight and get $190 + $135 back on each fight respectfully, increasing your bankroll from $100 to $325.

Option 2: You could parlay both fights together to get a +926 line.
Now if you are correct on both fights, you would turn $100 in $1,026.
The draw back is that if either fighter loses, you get $0.

Notice that in option 1, the money returned on correct bets would be:
(3.8 * 50) + (2.7 * 50) = $325

In option 2, the money returned on correct bets would be:
(3.8 * 2.7 * 100) = $1,026
tuvok500
1/3/08 11:21:28AM
I like it alot !!

DoTheMMAth
1/3/08 11:42:33AM
As per the wager info page :


How does a parlay wager work?

A parlay is a single wager that links together two or more individual bets, and depends on all of those wagers winning together. The benefit of making a parlay bet is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses.




(Props to Stock, great explanation )
babalu2720
1/3/08 12:24:58PM
I definetly like it, I'm just waiting for someone to hit a parlay chhosing all the correct fights on the card....$$$$$$$$$$$
CornishMMA
1/3/08 1:13:07PM
that would be crazy!

I love the new feature but wish we could do several seperate ones!

Still what a horrible event to start off with, hard picks to make on this one! There are no sure thing bets (the closest is GG i think) and while there are some good underdog bets our limited bankrolls make it rough to start a new season with
owen1
1/3/08 1:23:33PM
I like it!!
RampageOwnedYou
1/3/08 6:38:35PM
I like it. Just hope you keep secondary league one as is. So both are not in the million dollars.
Just hope to see secondary league updated a little better then what ive seen. Yaronkka not able to bet, was BS.
DustinT
1/3/08 7:04:08PM
ahhh...very nice addition indeed.
DustinT
1/3/08 7:09:40PM
$100 on each "underdog" all parlayed

=

If all win: +$19077706 to bankroll


*laff*
incredible.
lopedogg
1/3/08 11:42:02PM
looks good to me
DoTheMMAth
1/4/08 1:02:10PM

Posted by DustinT

$100 on each "underdog" all parlayed

=

If all win: +$19077706 to bankroll


*laff*
incredible.



As of today you can only wager on 4 fighters per parlay, 1 parlay per event, and you can only wager half your available bankroll on the parlay. Because yeah, parlays scale absurdly well, and having 1 person make insano bank the first event would make things less fun
CornishMMA
1/4/08 2:26:03PM

Posted by DoTheMMAth


Posted by DustinT

$100 on each "underdog" all parlayed

=

If all win: +$19077706 to bankroll


*laff*
incredible.



As of today you can only wager on 4 fighters per parlay, 1 parlay per event, and you can only wager half your available bankroll on the parlay. Because yeah, parlays scale absurdly well, and having 1 person make insano bank the first event would make things less fun


good call admin/mods

It just would be nice to have 2 parlays so you can wager on a group of underdogs as well as a group of favourites ..................... as it is i will just have to group the faves together and wager that way, its still a great improvement
DoTheMMAth
1/4/08 6:50:28PM

Posted by CornishMMA

good call admin/mods



You can thank Hippysmacker for that one
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