Legalized sports betting in Massachusetts will begin next week, and NewsCenter 5 is showing how it will work at Wynn’s resort casino in Everett.
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Alex discusses his parlay betting strategy on WynnBet sportsbook. WynnBet has a sportsbook rewards program where they give out chips whenever a bet loses. These chips can be used for boosts, risk free bets and a free trip to the Wynn Resort in Las Vegas. However, Wynn sportsbook randomly decides which reward you get. WynnBet doesn’t give out trips to Las Vegas at their 5 star hotel very often.
A 5% profit boost would improve your odds by a factor of 1.05. In other words, if you place a parlay at +100 odds, then your parlay would get the odds boost to +105 odds. A 50% profit boost, on the other hand, would improve your odds to +150. Thus, it becomes clear that WynnBet sportsbook rewards are highly affected by which reward you receive. A free trip to a 5 star hotel in Las Vegas, a 50% profit boost and a 5% profit boost are all very different.
Alex has placed hundreds of these WynnBet parlays on NFL, NBA, NCAA Football, etc. WynnBet will not tell you the probability distribution for their rewards program, so Alex looks through his entire betting history to back out the implied distribution of WynnBet sportsbook rewards.
Alex shows you how to place a parlay bet using the Wynn spin wheel with chips. The WynnBet spin wheel is a great sports betting promo and a perk of using WynnBet.
Alex is in Colorado and using the regulated CO sportsbooks in this video, such as WynnBet. Colorado has the best sports betting sign up bonuses and the most sportsbooks out of any US state. They recently added the Sports Illustrated sportsbook to their portfolio of bookmakers in the state.
Alex uses the OddsJam Positive EV page to make all of his wagers. He finds an example of a positive expected value bet to use in this video.
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Video Rating: / 5
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You guys do a great job… thanks
Did you go to Vegas 3 times? Trip feedback? 🙂
Hi Alex! Great Video. I was wondering if there was any correlation to the amount of your bet and the profit boost won? The Vegas trip got me thinking. It is a very affordable way to get a free trip, if I wagered $1 parlay 637 times and won 3 Vegas trips. I just bet $1 on a two leg parlay and was allowed to spin the wheel and won a 5% profit boost, just to test if it allowed the spin for just $1 wagered.
So overall with your +ev betting lifetime are you profitable ???????
Are you in a hotel …
Do you have a way to figure out +EV parlay bets?
I fast forwarded the video and first thing I heard was “Kansas” and “Missouri” in the same sentence.
I think I had a PTSD moment reliving my college days at KU and the “Border War.” Lol
This is really useful, thanks for posting.