Thank you for explaining this in a simplified way which even I as a non-gambler should be able to understand.I want it as bad as anyone, but I guess to simplify the math.. let's look at it with the lens of a $300 wad:
bet $300 on UConn, upside is $100; field is -$300
spread $300 across Creighton ($100), Marquette ($100), Nova ($50) and Seton Hall ($50); subtracting the outlay, upside is:
Creighton $500 (assumes 7:1)
Marquette $500 (assumes 7:1)
Nova $550 (assumes 16:1)
Seton Hall $550 (assumes 16:1)
Field -$300
I mean that's kind of the point of odds why not spread it over Butler Depaul Georgetown and Xavier upside is much higherI want it as bad as anyone, but I guess to simplify the math.. let's look at it with the lens of a $300 wad:
bet $300 on UConn, upside is $100; field is -$300
spread $300 across Creighton ($100), Marquette ($100), Nova ($50) and Seton Hall ($50); subtracting the outlay, upside is:
Creighton $500 (assumes 7:1)
Marquette $500 (assumes 7:1)
Nova $550 (assumes 16:1)
Seton Hall $550 (assumes 16:1)
Field -$300
This is helpful and insightful analysis.. thank you. I guess the ultimate question is whether the profit (several times what UConn would pay) of the basket of next four other contenders justifies a wager notwithstanding our excellent position to take the regular season crown. Maybe it doesn’t, or maybe it’s just better not to get involved altogether-If you don't believe in Seton Hall, we're 2 games clear of the field.
Last week's wins were enormous.
We virtually eliminated Villanova by virtue of winning our road game against them, with the only head-to-head now being at their place. The only good news for them is they already played at Marquette and Creighton, so their remaining schedule is not horrendous. But they're 2.5 games back.
Creighton is also in a tough spot, where they now absolutely have to beat us at home.
I guess I can see an argument for betting Marquette, but only because they're the only contender (besides SH) that has an opportunity to sweep us.
If we lose at Creighton, at Marquette, and vs. somebody else, we're 16-4. The other contenders can only afford 1 more loss to get a tie.
I'd probably stay away.