7-25-2015

[and the NEW]

(07-28-2015 09:42 PM)BrutalBodyShots Wrote:  What am I wrong about? You just made my point. My original point was that splitting the bet $ that you would put down on 1-6, half into 1-3 and half into 4-6 would net a higher payout regardless of which outcome hit. You yourself split your bet half on 1-3 and half on 4-6 so obviously you figured this out as well. I'm not sure what you're arguing here at this point as you're agreeing with what I've said all along.

I netted ~32k on my 40k bet by going with 20k on 1-3 and 20k on 4-6. If I had put the 40k on 1-6 I would have netted ~23k. So, the net winnings were ~9k greater by splitting it between the two outcomes. Had the KO come a round later (in 4-6) I would have net ~48k, more than double had I gone with the 1-6 bet.

Usually, it's not the case that if you split your $ between 1-3 and 4-6 that either outcome yields more net profit than going with your full amount on 1-6. Usually one outcome yields more and one less. Look at the odds on Canelo/Kirkland and Mayweather/Pacquiao. One of the outcomes (either 1-3 or 4-6) would pay out more than if you went with 1-6, and the other outcome would result in less. This is usually the case. It was NOT the case with the Kovalev odds, which is why I, and I assume you, split your money between the two outcomes.

Because you are failing to account for the fact that to split the bet, you had to bet 20k on two options. You netted 32k on your bet on 1-3. But after you deduct the 20k you lost on 4-6, you didn't net 32k at all. You only netted 12k. That is worse than you would have got if you bet the entire 40k on 1-6.