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Originally Posted by TEX
I think the 15:1 odds were to win the AFC and the 30:1 were to win it all. In any case it's pretty foolish to bet any odds at this point.  |
You absolutely MUST take this bet...
Listen, there are only 32 teams in the NFL, and the Chiefs are probably about "middle of the pack." That means that the oppropriate payout should be about 16:1... If you are getting 16:1 actual odds, but a chance at a 30:1 payout, then you have an expected PROFIT for making this bet in the long run...
Professional gamblers look at these kinds of situations as their bread and butter. If all you did all year was make bets with these odds, say for $100.00 twice a day... That would be an investment of $73,000.00... Now you are going to win one bet out of every sixteen that you place.
Total Bets: 730
Bets expected to win: 45
Total investment into winning bets: $4,500.00
Payout: $135,000.00
Total profit: $62,000.00 (a pretty darn nice wage for the year).