Instead, consider that the 2.07% probability is implying that the outcome is about 33% (0.51/1.56 = 0.33) more likely than it actually is.Ī single bet, for comparison, implies the outcome is just 4.8% (2.38/50 = 0.048) more likely than it actually is.Īnd obviously, you’re much more likely to find edges attacking a 4.8% gap than a 33% one. As is par for the course, FanDuel’s odds boosts cannot be combined in parlay wagers. Their boosts are also fairly generous, with more favorable odds being offered than on their major competitor, DraftKings Sportsbook. That’s not, however, how the comparison should be read. FanDuel offers an odds boost on pretty much every major sport that’s in action on a given day. I mean, the odds of hitting a five-team parlay are only 0.51 percentage points less than what the books are implying … that sounds like nothing. The following table illustrates how the chances of winning parlays compares to the payouts received as the number of bets is increased (assume each bet comes at the standard -110 juice and has a 50% chance of winning).Ĭomparing the percentages may not do justice to the difference between the implied and true probabilities at first glance. While the payouts are certainly appealing, they’re not as high as they should be given the true chances of a given parlay winning. Mathematically speaking, it’s usually not a good idea to bet parlays. Latest NFL Odds & Betting Lines for our Week 10 Parlay Powered by Caesars.
