kurtinelson

Question:

The Patriots have covered against the spread 7 weeks in a row. If you had placed a $100 bet on the Patriots in week one and then kept rolling-over your initial investment and winnings each subsequent week, how much money would you have made?

Answer:

Week 1: $200
Week 2: $400
Week 3: $800
Week 4: $1,600
Week 5: $3,200
Week 6: $6,400
Week 7: $12,800

If you continued the bet throughout the regular season and the Patriots covered all 16 weeks your balance would be:

$6,553,600

That's Deion Branch money.

Through 19 games:

$52,428,800

Not too shabby.

__________________
"Tonight a dynasty is born" - Ricky Proehl before the start of Super Bowl XXXVI


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xmarkd400x

"If you knew the outcome of a gambling event, and could bet on the winning side every time, you would make money"

PatsWSB47

huh, you sure?

psychoPat

xmarkd400x

Econ 101. Duh.

PatsWSB47

So let me get this straight. if you know who will win and then bet on them then you win???????? Thanks for the enlightening posts. I never would have figured that out!

jbb9s

The biggest line in the history of the league was in the 49ers/Chargers superbowl (19 pts). I believe the Pats have Miami at home in December......20+????

goalkeepr

You have to bet $110 to win $100.
If you lose, you lose 100% of your money. If you win, you win ~91% back.

So, assuming you bet $100 to win $90.91 (bookie profit in parenthesis):

Week 1: $190.91 ($9.09)
Week 2: $346.46 ($17.36)
Week 3: $695.79 ($33.13)
Week 4: $1,328.33 ($63.25)
Week 5: $2,535.91 ($120.76)
Week 6: $4,841.27 ($230.54)
Week 7: $9,242.43 ($440.12)

You won $9,242.43 by doubling down. The bookie got $914.24 risk-free.

After 16 weeks, you'd have $3,113,334, and the bookie will have pocketed $311,323.
Get all 19, and you're up $21,662,350, and the bookie's up $2,166,225.

The bookie takes in $200, and pays $191 out. The 4.5% guaranteed money is the reason that bookies exist in the first place. The house always wins in the long run.

That's Gambling Economics 101.

AStack75

I'm curious what the spread will be versus the Jets. That's one game that I could see Belichick legitimately running up the score if he has the chance. Bet the over that game.

DynastyDriven

If you want to take a gamble (no pun intended) this week bet on the Redskins for the money line +1000 this week.

wager $100 and win $1,000 if the redskins cover