Hi,
I'm don't bet a lot of sports, mostly play online poker, but can someone explain the advantages of this bet is? Basically he is betting $5000 to win $24,000 under the condition that the Red Sox had to win the 4 remaining games, right? Why not take the $5000 and bet it all on the 4th game, and then take all of that and bet it on the 5th game, and then bet all of the returns on that on the 6th and then all of that on the 7th? Woudn't your win $$ be much higher, especially since if memory serves me right they were dogs getting +1-- for every game? What would be the advantage of making this kind of bet over just putting everything double or nothing into each individual game?
<TABLE borderColor=#ffffff border=1><TBODY><TR><TD class=detailHeader>Wager Type:</TD><TD class=accountText>Future</TD></TR><TR><TD class=detailHeader>Wager Status:</TD><TD class=accountText>Win</TD></TR><TR><TD class=detailHeader><NOBR>Risk / To Win Amount:</NOBR></TD><TD class=accountText>5,000.00 / 29,000.00 (USD)</TD></TR><TR><TD class=detailHeader>Date Accepted:</TD><TD class=accountText>18-October-2004</TD></TR><TR><TD class=detailHeader>Time Accepted:</TD><TD class=accountText>9:32:46 AM (Pacific)</TD></TR><TR><TD class=detailHeader>Amount Paid: </TD><TD class=accountText>29,000.00</TD></TR><TR><TD class=detailHeader>Description:</TD><TD class=accountText>Baseball Series Prices</TD></TR><TR><TD class=accountText></TD><TD class=accountText>League Championship Series Prices</TD></TR><TR><TD class=accountText></TD><TD class=accountText>Series Prices (Best of Seven -2-3-2)</TD></TR><TR><TD class=accountText></TD><TD class=accountText><NOBR>Boston Red Sox vs. New York Yankees</NOBR></TD></TR><TR><TD class=accountText></TD><TD class=accountText><NOBR>Red Sox +580</NOBR></TD></TR></TBODY></TABLE>