$100 originally bet on the 15 to 1 wins you $1500.
OR you could have waited until the playoffs and played their series prices throughout the playoffs with that original $100 and gotten 24 to 1 odds!
Here are the calculations:
Original $100 on the series price of -200 against Portland wins you $50.
That original $100 that you would have had on Dallas throughout the playoffs on the futures bet PLUS the $50 winnings put on Dallas winning the series vs the Lakers @ +300 odds:
$150 x 3 = $450 winnings plus your $150 = $600 total.
$600 to win the series against OKC @ -150 = $400
(calculation is $600 x 100 / 150 for -150 odds)
now take your $1000 and put it on Dallas to win the finals series at +150 and you win $1500.
That's a total of $2500 - original bet of $100 = $2400 winnings
Risk $100 to Win $2400.
I had em against Lakers, Portland and OKC and got them vs Miami too...
0
Quote Originally Posted by TexasD:
$100 originally bet on the 15 to 1 wins you $1500.
OR you could have waited until the playoffs and played their series prices throughout the playoffs with that original $100 and gotten 24 to 1 odds!
Here are the calculations:
Original $100 on the series price of -200 against Portland wins you $50.
That original $100 that you would have had on Dallas throughout the playoffs on the futures bet PLUS the $50 winnings put on Dallas winning the series vs the Lakers @ +300 odds:
$150 x 3 = $450 winnings plus your $150 = $600 total.
$600 to win the series against OKC @ -150 = $400
(calculation is $600 x 100 / 150 for -150 odds)
now take your $1000 and put it on Dallas to win the finals series at +150 and you win $1500.
That's a total of $2500 - original bet of $100 = $2400 winnings
Risk $100 to Win $2400.
I had em against Lakers, Portland and OKC and got them vs Miami too...
Plus then you have the option of taking your winnings and running instead of being LOCKED IN on a futures bet. If Dirk got hurt in their last game against OKC, you could take your $900 profit before the NBA Finals and run if you wanted.
Best of Luck everyone!
TexasD
You make a good point (that there is a ton of added juice in futures bets), but your argument is hindsight. It is possible that the Lakers lose to NO in the first round, and Dallas is -500 to beat NO. Then, Memphis could have beat OKC, and Dallas is -250 to beat Memphis. Then in the finals, they could have played the Celtics and been +125. Add those up, and it is less than +1600.
Pinnacle has a calculator I use to figure out the juice on futures bets (or any bet with more than one choice).
Plus then you have the option of taking your winnings and running instead of being LOCKED IN on a futures bet. If Dirk got hurt in their last game against OKC, you could take your $900 profit before the NBA Finals and run if you wanted.
Best of Luck everyone!
TexasD
You make a good point (that there is a ton of added juice in futures bets), but your argument is hindsight. It is possible that the Lakers lose to NO in the first round, and Dallas is -500 to beat NO. Then, Memphis could have beat OKC, and Dallas is -250 to beat Memphis. Then in the finals, they could have played the Celtics and been +125. Add those up, and it is less than +1600.
Pinnacle has a calculator I use to figure out the juice on futures bets (or any bet with more than one choice).
$100 originally bet on the 15 to 1 wins you $1500.
OR you could have waited until the playoffs and played their series prices throughout the playoffs with that original $100 and gotten 24 to 1 odds!
Here are the calculations:
Original $100 on the series price of -200 against Portland wins you $50.
That original $100 that you would have had on Dallas throughout the playoffs on the futures bet PLUS the $50 winnings put on Dallas winning the series vs the Lakers @ +300 odds:
$150 x 3 = $450 winnings plus your $150 = $600 total.
$600 to win the series against OKC @ -150 = $400
(calculation is $600 x 100 / 150 for -150 odds)
now take your $1000 and put it on Dallas to win the finals series at +150 and you win $1500.
That's a total of $2500 - original bet of $100 = $2400 winnings
Risk $100 to Win $2400.
Your logic and your arithmetic are impeccable. Still I'm glad I threw my measly $30 on the Mavs +1750 when I did.
0
Quote Originally Posted by TexasD:
$100 originally bet on the 15 to 1 wins you $1500.
OR you could have waited until the playoffs and played their series prices throughout the playoffs with that original $100 and gotten 24 to 1 odds!
Here are the calculations:
Original $100 on the series price of -200 against Portland wins you $50.
That original $100 that you would have had on Dallas throughout the playoffs on the futures bet PLUS the $50 winnings put on Dallas winning the series vs the Lakers @ +300 odds:
$150 x 3 = $450 winnings plus your $150 = $600 total.
$600 to win the series against OKC @ -150 = $400
(calculation is $600 x 100 / 150 for -150 odds)
now take your $1000 and put it on Dallas to win the finals series at +150 and you win $1500.
That's a total of $2500 - original bet of $100 = $2400 winnings
Risk $100 to Win $2400.
Your logic and your arithmetic are impeccable. Still I'm glad I threw my measly $30 on the Mavs +1750 when I did.
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