The house advantage on the repeater bet varies from 18% to 22% depending on the number. The chance of hitting it for a random roller varies from 1% to 2% depending on the number. This is a terrible bet.

An interesting side note is that if you want to make this horrible wager you are better off using place/buy(if commission is paid on win only) wagers and parlaying your winnings until you hit it the requisite number of times.

The HA on the 4/10 drops to 6.5% vs. 19.8% for the repeater bet.
The HA on the 5/9 remains around the same as the repeater bet at 18%.
The HA on the 6/8 drops to 8.8% vs 20.6% for the repeater bet.

So while the HA on the parlay is still high it is a lot lower than making the repeater bet.

Rose and Doc have been making this bet in practice for a couple of weeks and we have yet to win it one time. Like you, we find it not worth the effort. Thanks Skinny for the exact numbers.

That does not surprise me Doc.

As I said the chance of winning the bet for a random roller varies from around 50-1 up to over 100-1. Since the payouts are no where near those numbers it is not surprising the HA is in the 20% range.

You still have the same low chance of winning the place parlay. But at least it pays more, hence reducing the HA.

Seems like another advantage (if you can even say advantage on a high vig bet) of using the parlay instead of the repeater bet is that you could choose if you wanted it to WOTCO or not. With the repeater bet a come out 7 wipes it all out.

I personally don’t plan on betting on the repeater any time soon! 😀

Getagrip I am starting to record in practice this bet . So far it has only come up one time as winner . Which is not good at all .
Good Rolling. 😀 🙂