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Multi's explained

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Redemption View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Redemption Quote  Post ReplyReply Direct Link To This Post Topic: Multi's explained
    Posted: 22 Nov 2018 at 9:38am
Hi Forum,

Can someone please explain how a situation like this can actually be a profit, if at all?

example:

selection/leg 1:   $1.30   win
selection/leg 2:   loss
selection/leg 3: $1.30   win
selection/leg 4: $1.30   win

so straight betting, spent $4. return $3.90

But how, and what multi combos, can be used, that can actually make that a profit, or it simply cant be?

Im asking, because I often do 10 leg multi's, and I generally hit around 8 out of 10, or 9 out of 10.
So you end up losing. But if I ran them as trebles, parlays, canadians, and all the other bunched up multi combo fancy names, is it actually possible that it profits?

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oneonesit View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2018 at 10:04am
Its just a combinations exercise Redemption. As you say lots of fancy names. Put simply in traditional Parlay betting you can have anything you want - however the more combinations cost you more. The number of combinations is a function of number of legs, number of selections per leg, type of bet (eg win/pl/eachway) & the type of multis to be covered within the bet (singles,doubles, trebles ect)). Your example above is a simple 4 leg multi parlay with one selection for the win per race. A bet for $1 per combo covering a 4 leg all up (1 combo) + the 4 times 3 leg combos (4 combos) will cost you $5. Throw in the 6 times 2 leg combos (doubles) & the cost will be a total of $11. If you take your example - the most you can get back for the first $5 option is $2.20. If you take the option to include the double your $11 bet will return you $7.27. Obviously the short prices & the fact you are only getting 3 out of 4 short priced winners is the cause of the poor dividends. once you get upto 10 legs multi your combinations increase big time - esp if you want doubles/trebles/ quads ect all the way through. Still need to hit a high percentage of winners to get a decent return (esp if small div's)
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Post Options Post Options   Thanks (1) Thanks(1)   Quote ExceedAndExcel Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2018 at 10:13am
Number one rule: [BNEVER take multis. They are almost always disasterously poor value as they increase the bookmaker edge considerably.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2018 at 10:22am
Originally posted by ExceedAndExcel ExceedAndExcel wrote:

Number one rule: [BNEVER take multis. They are almost always disasterously poor value as they increase the bookmaker edge considerably.
True
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Redemption Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2018 at 2:12pm
Thanks for that great info guys.
Ive never looked much into multi's, and yes, I can see how what you say would be true, its just advantaging the bookies even more.

Thanks for the very detailed write up.
much appreciated

cheers.
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