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Message: [QUOTE="twiceahusky, post: 5294245, member: 7126"] On Fanduel, a 5 team parlay (all with “even” odds, or each team at -110) pays $2,435. It should pay $3,100 if there was no vig. (They price it by hitting each additional leg with a vig). So if you bet 32 5-team parlays for $100 each, probability says you should win one (+$2,435) and lose 31 (-$3,100) for an expected value of a net loss of $665. Very difficult to win long term, with or without parlays. I imagine winning long term in horses is tough too :). [/QUOTE]