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Originally Posted by EMD4ME
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Sunday is the latest example:
5/1 X 3/1 X 2/1 X 4/5 X 2/1. Parlay was about $850. Pick 5 paid $1800.
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The major advantage of the Picks is the ability to leverage multiple value oriented opinions into greater value than a win bet. But since most exotic players spread a lot trying to hit the ticket and manage their bankroll, they dilute that potential value advantage, wind up just bucking the higher take in the exotics, and make it less likely they will win at the end of the year. (it's different for someone like you that excels at both handicapping and ticket construction)
The Picks will typically pay more than the parlay not because they are a better deal mathematically. It's because if you theoretically played a parlay you would be put a lot more money through the window taxed at a lower rate.
