What is the concensus here for parlays in general? Do people feel it adds value, is it worth it or only under special conditions? Some people like adding a couple favs for dog odds, some oogs together, some one dog, many favs, some long multi parlays, and some mixed with props etc.
One thing I often hear is the debate whether or not a parlay can generate value. Because you get more units, even though of course its the same as if you had rolled over.
One thing parlays does do at least is it locks in the odds you got + can be good for limits.
One thing one can do is to simulate whether you had put them in a parlay or not. A parlay just like a fighter can be calculated, and often this really puts things into perspective. I´ve sometimes had parlays i thought were amazing but when i realize they only should hit maybe 30-40% of the time, suddenly you don´t want to put too much on it. I think people really lack this - they don´t calculate the percentage chance of that parlay hitting. Both the indicated hit chance, and what they believe, thats very important imo. Like if you have a fighter you recon has 60% chance to win with a another 60% fighter and then a 45% chance fighter then suddenly you only have a 16,2% chance of hitting it. But if you cap them at 70%, 70% and lets say 60% then your percieved chance of it hitting is 29,4%.
Thats still very low. But with a decent edge, but it gets so risky due to you now have 3 fighters, and if you´re not spot on about all 3. You´re in big potential trouble.
I think parlays can be used to great effect, but there needs to be alot of thought put into it. A system, and many people put not enough thought into it. I also hear some say if you bet two 1.40 favorite you might as well parlays them as its either profit or loss then..well..maybe, it depends - Its important not to look at it from event to event, but over longterm. So its a great idea to simulate this in spreadsheets, so you after a year have massive date on what would had happened if you had done this and that, and had bet X, Y, Z etc.
Lot of work? Yes. Worth it? Yes.
@Sadistics is one of the best I know with spreadsheet usage. Also showed me the best spreadsheet. I know other very good cappers who does this. So highly recommend anyone to just start small, if you´re not doing this at all.
Anyway what do everyone else think of parlays in general? Any strategies you like using?