Let's Create Some Proposed Proposition Bets

Reply #8

grwurston — Wed, 22 Apr 2015 22:02:27 GMT

Thanks for the wagering lesson CT.

Reply #7

Coin Toss — Wed, 22 Apr 2015 04:48:11 GMT

If you played a number 'straight' it would pay a lot more, a +/- range of 10 would be considered playing the field and not pay near as much.

Every book has a formula that x number of dollars moves the line a half a point or a point the opposite way, that's how they 'balance' the books.

If the O/U for the day was 400, and money started coming in on the Over, they would adjust the line to make the under more attractive. In re; to lotteries, they would adjust the payouts probably.... [ More ]

Reply #6

grwurston — Wed, 22 Apr 2015 03:42:23 GMT

I don't know how they would do that. Say the O/U was 400, I would think they would have to have say a +- range of 10. And you select your own number. If you're in the range you win, if not you lose. Otherwise the bookies would loose their shirts if everyone took the over and it was 420. Well,I suppose if there was a way they could make $$$ from it, it would already exist.

Reply #5

Stack47 — Wed, 22 Apr 2015 03:40:21 GMT

The states with Quinto type pick-5 games allow many of the prop bets so they could allow all the pick-3 and/or pick-4 prop bets and still pay the same 50%. Some lotteries use sum betting as an extra bet with three number bets, but I don't think any of the them allow just sum bets.

Reply #4

Coin Toss — Wed, 22 Apr 2015 03:18:49 GMT

Good stuff....the sports book thing I was referring to was the O/U for all the games combined on Sunday, as if it was one very high scoring game.

Reply #3

grwurston — Wed, 22 Apr 2015 02:17:29 GMT

The NFL still does the over / under bets. Well, not the NFL exactly They always list it with the point spreads in the newspapers in NY.

As far as the sums for P3 -P4. I think anyone that is good with root sums would do pretty well at it. But the payouts aren't worth the effort. If they paid $100, I'd clean up.

Reply #2

Coin Toss — Wed, 22 Apr 2015 01:21:26 GMT

Thanks for replying, gwurston.

A lot of times the idea behind prop bets is to throw the players a 'bone'.

Back in the 1980s some sports books in Vegas were toying with the idea of an Over/Under for the total points scored in Sunday NFL games.

Maybe the MUSL could do something like a sum for the Mega ball and Powerball, since so many players win zip on any given draw. Most of the sums prized would go right back into the games anyway.

Reply #1

grwurston — Tue, 21 Apr 2015 22:03:15 GMT

New York is another state that allows sums betting.

Having the sums for both games might be tough for those that only play one game or the other and normally don't keep up with both games. Having it for each game would be good though.

I just checked the results page for NY and Texas and the payouts for sums seem to be different for each draw. Maybe it's a parimutuel. Not really enough money to get excited about though. $6, 9, 14.

Let's Create Some Proposed Proposition Bets

Coin Toss — Tue, 21 Apr 2015 21:46:08 GMT

Maybe the lottery officials that monitor LP can do something with this one.

Some states allow bets on sums, I think Texas does this on Pick 3.

So how about Daily Sums for Pick 3 and 4 combined? In states with midday and evening drawings it could be the sum for all four drawings. Just a thought.

Anyone else? try to keep it to things that the lotto may actually book in the future.

Have fun.