Originally Posted by
cougars16
God only how long bovada has been doing this and how many customers they have ripped off doing so. I placed a 3 leg parlay of 3 balls Thursday. I have been betting these on here for a long time but this is the first time I noticed this due to the payout being obviously way short.
If one of your legs in a parlay on there dead heat for a win, they grade the whole parlay as if you place the whole wager for half the stake. There is obvious issues with is and god only knows how much they have stolen from customers in the past.
For example, if you were to wager $100 on a parlay with one leg being +800 odds and one leg being -800, there is no difference to them in paying it out if they +800 is the dead heat or the -800. So let’s break down the math here. If your +800 wins and the -800 dead heats with on of the others, they are going to now pay you out as if you only placed you wager for $50. So the payout would now be $50 at 8/1 = 450 total then that $450 at -800 odds will give you an extra $50 or so. So your total amount you receive from them would be just over $500 but they are stealing at least $400 from customers doing it this way because if you just bet the $100 on the 8/1 and won you would receive $900 total. You should not receive $400 less because you parlayed it with a winner/dead hit???? They are treated this at almost Asian like wagering where half your bet goes to each leg.
Please SBR assist with this. God only knows how much they have literally stolen from customers in the past. I will also include the chat transcript once they send me it of the conversation I had with their “supervisor” regarding the exact math of my wager and how much they are stealing.