Re: Stronach Pick-5... (782 Views)
Posted by:
Mathcapper (IP Logged)
Date: September 29, 2018 01:37AM
Your math is right on Richie.
The takeout-adjusted parlay is 117.8% higher = $10,353.75, so it came in pretty much right in line with the actual $9,888.30 payoff (14 winning tickets).
The value of the wager is evident in both the industry-low 12% takeout and in the fact that you only get hit with the takeout once, vs. five times in the win pool at takeouts of 18%, 15.43%, 17%, 15.43% and 17% in the respective legs, resulting in an payout expectation of more than double the raw win parlay.