Let's Create Some Proposed Proposition BetsPrev TopicNext Topic

• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
  Offline
  Apr 21, 2015, 5:46 pm

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  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.
  
  

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• grwurston

  

  100

  Same #'s. Different games.

  United States
  Member #90,247
  April 24, 2010
  13,810 Posts
  Offline
  Apr 21, 2015, 6:03 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Apr 21, 2015

  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.
  
  

  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.

  
• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
  Offline
  Apr 21, 2015, 9:21 pm

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  In response to grwurston

  Quote: Originally posted by grwurston on Apr 21, 2015

  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.

  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.

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• grwurston

  

  100

  Same #'s. Different games.

  United States
  Member #90,247
  April 24, 2010
  13,810 Posts
  Offline
  Apr 21, 2015, 10:17 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Apr 21, 2015

  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.

  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. 

  
• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
  Offline
  Apr 21, 2015, 11:18 pm

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  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.
  
  

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• Stack47

  

  Kentucky
  United States
  Member #32,651
  February 14, 2006
  10,301 Posts
  Offline
  Apr 21, 2015, 11:40 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Apr 21, 2015

  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.
  
  

  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.
• grwurston

  

  100

  Same #'s. Different games.

  United States
  Member #90,247
  April 24, 2010
  13,810 Posts
  Offline
  Apr 21, 2015, 11:42 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Apr 21, 2015

  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.
  
  

  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.

  
• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
  Offline
  Apr 22, 2015, 12:48 am

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  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.
  
  The people in Nevada that bet sports for a living try to middle the games, that is bet both sides on the line moves and collect both bets. Say Green Bay is playing Denver and the line opens Green Bay -7. Then a lot of action comes in and people betting Denver get Denver at + 8.5 instead of +7.
  
  So a sports bettor makes both bets, laying 7 and taking 8 1/2.
  
  Then let's say the final is Green Bay 31, Denver 23. That player would have the game 'middled', collecting on both Green Bay and Denver.
  
  I think with lotto though it would have to be set payouts and an exact number.
  
  How about a weekly total for PB and MM for both draws for each game?
  
  

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• grwurston

  

  100

  Same #'s. Different games.

  United States
  Member #90,247
  April 24, 2010
  13,810 Posts
  Offline
  Apr 22, 2015, 6:02 pm

  ▲▼
  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Apr 22, 2015

  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.
  
  The people in Nevada that bet sports for a living try to middle the games, that is bet both sides on the line moves and collect both bets. Say Green Bay is playing Denver and the line opens Green Bay -7. Then a lot of action comes in and people betting Denver get Denver at + 8.5 instead of +7.
  
  So a sports bettor makes both bets, laying 7 and taking 8 1/2.
  
  Then let's say the final is Green Bay 31, Denver 23. That player would have the game 'middled', collecting on both Green Bay and Denver.
  
  I think with lotto though it would have to be set payouts and an exact number.
  
  How about a weekly total for PB and MM for both draws for each game?
  
  

  Thanks for the wagering lesson CT.