The biggest sucker bet in sports betting

I’ve been running probability models for years, and one thing remains consistent: parlays are where sportsbooks make their easiest money. The moment you stack multiple bets together, the odds swing wildly in favor of the house.

One time, a friend of mine was sure about a 7-leg NFL parlay. Six bets hit, and all he needed was Green Bay to win outright. Rodgers got injured in the first quarter. His $100 ticket? Worthless.

Yet people keep chasing these “lotto tickets” like it’s some secret strategy. Mathematically, straight bets with tight analysis give you far more value. Yet every weekend, I see people betting wild parlays. Anyone else notice this trend?
 
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