Pairs that hit together
For each pair of legs we count the games both landed, next to how often they would if they were unrelated.
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Correlations and parlays
Some legs rise and fall together: a quarterback's yards and his top receiver's catches. We count how often pairs hit together in real games and price the parlay from that.
For each pair of legs we count the games both landed, next to how often they would if they were unrelated.
Leg by leg, the builder prices the parlay from those joint rates instead of multiplying odds as if the legs were strangers.
When a book prices a same-game parlay as if the legs were unrelated, a pair that moves together can be worth more than the price says.
Most books already adjust same-game parlays for this. The edge lives where they adjust too little.
Two legs are correlated when one landing makes the other more likely, like a quarterback's passing yards and his receiver's catches. A parlay of correlated legs hits more often than the plain odds suggest.
Yes. Most price same-game parlays with an adjustment. The question is whether the adjustment is big enough for a given pair, which is what the joint hit rates help you judge.
Usually not, because the book's cut compounds with each leg. A correlated parlay can be the exception, but it still loses far more often than it wins. Nothing here guarantees a profit.
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Correlations and parlays
Some legs rise and fall together: a quarterback's yards and his top receiver's catches. We count how often pairs hit together in real games and price the parlay from that.
For each pair of legs we count the games both landed, next to how often they would if they were unrelated.
Leg by leg, the builder prices the parlay from those joint rates instead of multiplying odds as if the legs were strangers.
When a book prices a same-game parlay as if the legs were unrelated, a pair that moves together can be worth more than the price says.
Most books already adjust same-game parlays for this. The edge lives where they adjust too little.